How Lawyers Help with Wills and Trusts in Metamora IL
The Essig Law Office specializes in estate planning and our attorneys can prepare wills and trusts in Metamora IL. Our father-son team of lawyers regularly practices in probate law, wills, trusts, and estate planning. We can help you plan for the future of your family with sound legal advice that gets an estate plan in place. With our help, your heirs can avoid the type of inheritance taxes that can greatly reduce money they receive from your assets. We can assist you in the following ways:
- Defining wills and their benefits
- Providing advice on trusts and their benefits
- Assistance with probate law
- Help with estate administration
If you need help with estate planning, get the assistance you need from a law firm that specializes in wills and trusts. Essig Law attorneys come with 40 years of experience in handling Woodford County estate planning. Contact our law office today to schedule a free consultation.
What Is a Will?
It is important to understand how your heirs can benefit from wills and trusts in Metamora IL. When it comes to wills, a person provides written instructions as to how they would like their property distributed. Without a will, an estate is determined to be intestate. Consequently, court proceedings would decided how to distribute the decedent’s assets and property. Under those circumstances, family members can develop bitter disagreements that can threaten the future of their relationships. Therefore, the preparation of a will can take the stress and uncertainty out of how an inheritance will get distributed.
What Is a Trust?
A trust creates a relationship where one party holds property for the benefit of another party. The person who creates a trust transfers part or all of their property to a trustee. Then, the trustee takes on the responsibility of holding the property for beneficiaries. Trusts can provide great tax benefits. In addition, they can benefit beneficiaries in the event a person becomes incapacitated or passes away. Also, trusts can get established in a will to define how property and money get divided by heirs. Make sure to contact Essig Law Office if you have any questions about wills and trusts in Metamora IL.
How Attorneys Help with Probate Law
Being an executor involves a lot of work. Plus, it only takes a few mistakes to create costly penalties. In some cases, you could face financial responsibility to creditors or the government for unpaid debts and taxes in an estate. However, you can get the assistance you need to avoid problems with probate law from Essig Law. Our attorneys can help with the following:
- Assistance with estate administration to avoid mistakes in distribution of assets
- Representation during court proceeding if you have obligations elsewhere
- Hiring professionals for you to provide appraisals on value of parts of the estate
- Preparation of contracts for all those employed by the estate
Do You Need Help with Wills and Trusts in Metamora IL?
Essig Law Office can assist you with estate planning and the preparation of wills and trusts in Metamora IL. Give our attorneys a call 309-354-3898 to discuss your estate. Meanwhile, you also can contact us online to schedule a free consultation. In addition to estate planning, our attorneys also specialize in bankruptcy, criminal defense, family law, personal injury, real estate law, and workers’ compensation cases.