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The Benefits of Estate Planning

Estate planning is an important step for almost anyone to take in order to ensure that their loved ones will be provided for in the event of their passing or incapacitation. However, the benefits of estate planning can go much further than simply ensuring that beneficiaries are properly named and classified. For this reason, it is important that all estate planning decisions be made with care.

Unfortunately, the truth of the matter is that it can often be difficult to effectively manage estate planning needs on your own without specialized knowledge in this area. For this reason, many turn to qualified legal professionals in order to receive the guidance and assistance they need to best plan for the future.

Estate Planning Benefits

Even without legal guidance, it is important to understand the different things that can be achieved through effective estate planning. Some of the most important of these benefits include the following:

  • Reduced tax liability for inheritances
  • Provisions for guardianship of children or incapacitated dependents
  • Reduced likelihood of estate or probate litigation
  • Provisions for end-of-life care

These are just some of the many different ways in which estate planning can benefit both the individual doing the planning as well as their loved ones.

Contact an Estate Planning Lawyer in Chicago Today

If you need help with any element of estate planning, our dedicated legal staff can provide you with the support and assistance you need. Contact the attorneys at Peck Ritchey, LLC, today by calling (855) 328-5787 to learn more about what we can do for you.

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The peace of mind that Peck Ricthey's office has given me is worth every penny. The services they provided me and my family in an emergency medical situation is beyond outstanding. Last minute notice, Peter Brady and team were compassionate, understanding and most importantly efficient and got the job done. Look no further if you have any needs that this office can provide for you. Definitely in good hands! Thank you, a thousand times over for all of your help.

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I solicited Peck Ritchey, LLC for assistance with a living trust for which I became the beneficiary. I needed assistance with understanding the details of how it all worked. However, I was especially concerned because there were threats of allegations made by family members and a lawsuit was filed against me. I needed a solid professional who had my best interests in mind. Peter Brady took my case and he managed it flawlessly. He explained everything in a way I could understand, he knew the law inside and out, he was always available to answer questions, and even offer support when things seemed like they could become extremely problematic. In addition to this, he had a plan. He navigated the course as if he already knew the next move by the opposing attorney. He made me feel like everything was in control and that’s because he knew exactly what he was doing and he consulted with me about everything. We ended up settling out of court and ultimately the court officially dismissed the lawsuit. I honestly believe if it wasn’t for Peter and his expertise this could have gone in an entirely different direction. Peter did a stellar job and I couldn’t be more pleased and impressed with his performance.

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