According to some studies, nearly 42% of people don’t have an estate plan or a will. If you die without a plan, the assets that you want to leave to your heirs or charities could end up in probate. Keep reading to learn the five reasons it’s important to hire an estate planning attorney in Rockford, IL.
1. Seamless Distribution of Assets
Your assets are everything you own, which includes your house, your car, your bank accounts, etc. Even if you don’t think you have much, you want to make sure your family’s taken care of when you pass. An estate planning attorney can make sure this happens according to your wishes.
2. Shorten the Probate Process
Probate is a lengthy process that’s required after a person dies. When the estate’s plans are finalized before a person’s death, the process takes less time.
3. Ensure the Legality
Some people use online estate planning tools, but these tools aren’t always the best from a legal standpoint. The will you create might be inaccurate or not meet state requirements. Hiring an attorney ensures the legality of the documents you produce and sign.
4. Establish Guardianship
If you have minor children, you want to make sure to establish guardianship that meets your wishes should you pass away unexpectedly. Working with an estate planning attorney ensures your wishes are communicated clearly and leaves no room for questioning or errors.
5. Set Up a Trust for Cheaper Taxes
A trust can help you keep the taxes lower on your estate after your death, ensuring more goes to your family.
If you need an estate planning attorney in Rockford, IL, contact Crosby & Crosby LLP Attorneys at Law for more information.
