ESTATE PLANNING, TRUST & PROBATE
It’s time to protect yourself and your family for a better tomorrow. McHenry County Law provides clients with peace of mind knowing they have done the best to secure their legacy. Many perceive estate planning to be something only for older or wealthy individuals. This is not the case. Without a plan, state and federal laws decide what happens to your estate. Estate planning documents provide a vision of how your affairs will be finalized. It also directs how your finances should be managed should you become temporarily or permanently incapacitated. Naming heirs, establishing guardians, providing for survivors, and managing taxes are goals addressed in an estate plan. Wills, trusts, co-ownership, gifts, and life insurance are additional tools used to create a comprehensive estate plan.
McHenry County Law offers a free consultation to answer any questions clients have regarding this process. Contact them today. They would be happy to meet with you. From comprehensive planning support to reviewing and updating estate plans along life’s way, McHenry County Law helps clients think through and understand the complex consequences of each option and make sure their clients’ wishes are clearly communicated.
Setting up Inheritances and Dealing with Taxes
When it comes to the government, you may have died, but you are certainly not forgotten. Although inheritances are not considered income for federal tax purposes, subsequent earnings from those inheritances are taxable, and could be problematic for your beneficiaries. McHenry County Law helps you understand the tax basics in an effort to help you plan your affairs and help minimize the impact of estate taxes.
Estate Planning Expertise
Cookie-cutter estate planning forms found online may be the wrong tool for your needs—especially in terms of long-term care and asset protection for your family. You do have options and McHenry County Law will provide the support you need along the way. Estates that are improperly planned could result in extreme hardship for surviving family members. Inaccurate, hastily created documentation could force loved ones to argue over the division or liquidation of your assets. Probate court can be a long and very costly process that often creates family tension and stress. McHenry County Law offers a free initial consultation to discuss the key areas you may need to consider based on your goals, so you can plan your estate with confidence and control your legacy.
Estate Planning Expertise
Cookie-cutter estate planning forms found online may be the wrong tool for your needs—especially in terms of long-term care and asset protection for your family. You do have options and McHenry County Law will provide the support you need along the way. Estates that are improperly planned could result in extreme hardship for surviving family members. Inaccurate, hastily created documentation could force loved ones to argue over the division or liquidation of your assets. Probate court can be a long and very costly process that often creates family tension and stress. McHenry County Law offers a free initial consultation to discuss the key areas you may need to consider based on your goals, so you can plan your estate with confidence and control your legacy.
Estate Planning Questionnaire: Couples
There are many details to consider when planning an Estate. Prior to meeting with an Attorney, couples should fill out this easy, step-by-step document to ensure important information is all in one place.
Estate Planning Questionnaire: Singles
There are many details to consider when planning an Estate. Prior to meeting with an Attorney, fill out this easy, step-by-step document to ensure important information is all in one place.
Estate Planning Appendix A: Additional Children
Use this form if you have additional children to add to your Estate Planning Questionnaire
Estate Planning Appendix B: Additional Grandchildren
Use this form if you have additional grandchildren to add to your Estate Planning Questionnaire