Frankfort Estate Planning with Wills

As many individuals know, the most basic estate planning tool is a Last Will and Testament, or a will. Even though creating a will is vitally important, many people neglect to do so; in fact, more than half of Americans don't have a will in place.

Located in Frankfort, Massari Law, LLC, works with individuals, families and business owners in Cook, Dupage, Lake and Will Counties to protect their interests by preparing wills as part of a comprehensive estate planning strategy. 

A properly designed will can ensure that one's assets are passed to the right beneficiaries, and appoint an executor to carry out those instructions. Moreover, a will is the only way to name guardians to care for minor children. There are a number of additional benefits to having a will. 

For example, a will can enable you to establish a trust to hold property on behalf of your beneficiaries. This is especially helpful for those who have minor children. In this situation, a trustee can be named to manage the property until the beneficiaries reach an age when they will be able to properly handle an inheritance. Trusts can also be established by those who are in second marriages so that a new spouse has access to certain property while he or she is living but that ultimately passes to the testator's children. Lastly, properly planned trusts are effective tax planning tools that can minimize state and federal estate taxes.

Finally, while no one wants to think about dying, a will allows you to plan for your funeral, such as whether there should be a religious observance or a memorial service, where it should take place and where your remains should be interred.

In short, a will is a crucial estate planning tool that can ensure your interests and loved ones are protected and that your wishes are carried out. By engaging the services of Massari Law, you can create a well thought out will that best suits your unique needs.

When a person dies without a will in Chicago, this is referred to as intestacy. In this situation, a survivor of the deceased must ask the probate court to be appointed as the administrator. Moreover, the court may make decisions about the distribution of your property, or appoint guardians for your children, that do not agree with your wishes. Not having a will could also lead to disputes among your surviving loved ones. The best way to avoid these problems is by engaging the services of an experienced estate planning attorney with expertise in preparing wills.

At Massari Law, we believe that estate planning in the Chicago Metro Area is crucial for everyone not just the rich and famous. By creating a well designed will, we can help you protect your assets, provide for your loved ones and ensure that your wishes are carried out. Don't wait until it's too late to put a will in place. Call our office today for a free consultation.