Why Hire a Good Estate Planning Attorney?

An estate plan is a legal document that details how you want your assets and property to be distributed upon your death. It also sets forth your wishes regarding your health care in the event you become incapacitated. A skilled EP attorney can help you minimize taxes and protect your loved ones and family.

Attorney Brendan Davis is a Chicago-based Estate Planning Attorney who assists clients with trust and estate planning as well as probate and litigation matters. He is a graduate of Loyola University School of Law and has over 20 years of professional experience in various roles. He has prepared trusts for a wide variety of individuals including retired educators, business owners, local elected officials, newscasters, and families of professional entertainers and athletes. He has also assisted numerous small businesses with business succession planning and the transfer of ownership to new owners.

An important part of estate planning is appointing beneficiaries for your assets. These may include investment accounts, life insurance policies, retirement plans, real estate, and bank accounts. A skilled Chicago Estate Planning Lawyer will ensure that these designations align with your intentions and provide proper documentation to avoid conflicts and confusion after your death.

In addition to appointing heirs, an estate planning attorney can help you set up a trust to manage your assets and ensure that they are properly documented. This allows you to reduce and defer taxes as well as prevent conflicts of interest. A trusted Chicago Estate Planning Attorney will assist you in setting up and running a trust that complies with Illinois law and contains multiple safeguards to protect your estate from creditors, lawsuits, and the effects of inflation.

When you’re choosing an estate planning attorney, consider their education and training as well as their professional and client recommendations. Also, check out their website to get an idea of their background and areas of expertise. You should also check their standing with the Illinois State Bar Association. An experienced Estate Planning Attorney will have a strong reputation in the community.

It’s a good idea to start planning your estate early on, especially if you have children. It’s also a good idea to review your estate plan regularly to reflect any changes in your personal or professional circumstances. An experienced Chicago estate planning attorney can make the process much easier and more effective for your loved ones.