Estate planning is an arrangement process to manage the
disposal of one’s estate. Proper estate planning can help you to avoid probate.
Probate is the most common reason why people seek out an estate planning
attorney. Although you want to avoid a probate, another great reason for estate
planning is to reduce your estate taxes. Setting up a Trust as part of your
will or revocable living trusts, which can be used by both married couples and
individuals, can make the estate or inheritance tax bill reduce or completely
drop.
An asset protection program can protect your assets and avoid any unwanted creditors. You may also want to protect your beneficiaries such as a minor, an adult from making any poor choices or decisions regarding your estate, creditors or even a divorcing spouse. You can prevent family discord and costly legal expenses by designating a guardian or trustee for your beneficiaries.
Posted by Bradford Miller Law, P.C.
Real
Estate Law, Landlord Tenant Law, Estate Planning
Key words: Chicago short sale attorney, Chicago landlord tenant law attorney, Chicago estate planning attorney, Chicago real estate attorney, Chicago real estate lawyer. This is intended to be advertising. Please consult with an attorney before acting on any information given here.
