Be Prepared with Estate Planning in Pekin IL
It’s never too late or too early to start estate planning in Pekin IL. Making decisions on how your assets should be handled upon your passing is more important than you may realize. While you may never see the fruits of your labor yourself, your family will. Estate planning helps you support loved ones even after you’re gone. And with a little help from Essig Law Office, we can maximize the support you can provide for your family.
Estate planning is no simple task, which is why you need professionals like Essig Law Office helping you out. Our father-son attorney team can help make sense of everything involved in estate planning. From wills to trusts, to power of attorney and more, we can help you prepare a plan and set it in motion when the time comes. You’ll be glad you worked through estate planning, and your family will thank you for it.
The Benefits of Estate Planning
More than having a plan in place, estate planning sets your family up for future success. Moreover, estate planning puts control in your hands, helping you to eliminate outside parties from benefits off your assets and wealth.
- Maximize Your Assets
- Even after death, the IRS looks to collect. And in terms of taxes and legal fees accrued by the state upon your passing, your assets and wealth can take a big hit. Conversely, an attorney can work to limit estate taxes you may incur. If you have our lawyers handling your estate, the state cannot take advantage of it as easily. Overall, settling your estate with the help of a law firm will maximize the assets and wealth you can pass down to your family.
- Eliminate Disagreements
- Although your family is your family, disagreements and arguments can arise. And if you don’t specify how your assets are to be handled upon your death, this can lead to unnecessary disputes between your loved ones. However, with estate planning finished ahead of time, you can avoid said disputes. Family and friends are legally required to abide by your will and trust. Some might be left unhappy, but your assets’ management will not be the cause of negative sentiments.
- Prepare for the Future
- Estate planning will take effect in the event of any unforeseen incident. If you fall ill and cannot make decisions for yourself, your power of attorney will take effect. Or, if you pass away with young children under your care, wills can dictate guardianship for your kids. Also, trusts are a continuation of your will, allowing you to set parameters on how your wealth and assets are distributed and used. Every part of estate planning is necessary to prepare for the future of you and your family.
Your Go-To Law Office
While we hope estate planning in Pekin IL is the only legal matter you need assistance with, Essig Law Office is ready and able to help you navigate additional legal issues. From divorces to DUIs, and everything in between, we have the knowledge and tools to assist you with your case. For example, our practice areas include:
Speak with Our Attorneys
When you’re ready to prepare for whatever the future may hold, allow Essig Law Office to assist you with estate planning for Pekin IL. You can contact us today at 309-444-8041 to schedule a free consultation. Also, we are located at 135 Washington Square, Washington, IL 61571.