Wills, Trusts, and Powers of Attorneys in Wheaton Illinois
Responsible estate planning affords you the opportunity to give your family the gifts of security and peace of mind. The decisions you make while you are alive can have an impact on your heirs and beneficiaries for generations to come. At Anderson Attorneys & Advisors, we recognize the importance of creating a customized estate plan designed to meet your needs and those of your loved ones. We will help you select the right estate planning tools for your situation including wills, trusts, and powers of attorney.
Our lawyers understand that the estate planning process is challenging for many people, and the decisions that must be made are often very personal. When you work with our firm, we take the time to listen and ask questions so that we can help you make the best possible choices for your family’s future. Your time is valuable, so we work hard to address your concerns quickly and efficiently, no matter how complex your estate may be.
Wheaton Lawyers for Drafting Your Will
A will provides the basis for a strong estate plan. Your will is a legal document that conveys your wishes regarding your assets, debts, and other elements of your estate. In your will, you can also:
- Name an executor to manage your estate;
- Divide your estate among your heirs, including charitable organizations if you choose;
- Settle debts and outstanding obligations;
- Appoint a guardian for your minor children; and
- Address funeral and burial arrangements.
The skilled attorneys at Anderson Attorneys & Advisors can help you create a will that addresses your family’s needs and that can stand up to potential legal challenges in the future.
Illinois Trusts Attorneys
Depending on the size of your estate and your family’s circumstances, a trust may provide more control and flexibility than a simple will can. In most cases, a trust can be a valuable addition to a will. A trust is an instrument that allows ownership of assets to be transferred to the trust while you are alive. A will, by comparison, allows assets to be transferred only after the creator’s death. The trust and all of the assets in it are controlled by a trustee and the type of trust that was created. At our firm, we have the knowledge and experience to help you create:
- Revocable living trusts;
- Irrevocable and supplemental needs trusts;
- Dynasty trusts;
- Children’s trusts; and
- Pet trusts.
Powers of Attorney in Carol Stream and Glen Ellyn
While wills and trusts generally provide for what will happen to your property after your death, there are other elements of estate planning that address concerns while you are still alive. Powers of attorney, for example, allow you to appoint someone to make decisions on your behalf in the event that you can no longer make them for yourself.
There are two types of powers of attorney: one for health care and one for property. When you appoint a power of attorney for health care, the person you choose will have the authority to make decisions regarding your medical care while a power of attorney for property gives the person the power to make financial decisions. You could appoint the same person to both roles or choose a separate individual for each, but their authority will only take effect if you become incapacitated and unable to manage your own affairs.
For skilled guidance with your estate planning concerns, contact our office. Call 630-877-5800 for a confidential consultation today. We serve clients throughout DuPage County and the surrounding areas.