Estate Planning for Dad
Father’s Day is a perfect time to take a trip down memory lane, reflecting on good times spent with dad and showing your gratitude. Whether you plan to have a family get-together, go golfing, or send a greeting card in the mail, this Father’s Day take the time to think about his future.
One of the easiest ways to make sure your father’s future is safe and secure is to make certain that he has all of his documents organized. It might not be the most sentimental gesture, but checking to see if your father has his estate planning documents in order will pay off in the long run.
Has your father ever gotten around to updating the Will he had drafted 20 years ago? Do you know what his wishes are in case of emergency? Where does he keep his important documents should you need to get a hold of them in the future? Having the answers to these types of questions are essential for families to know.
Our goal as a Chicago elder law firm is to help facilitate planning for the entire family. Asking and answering questions about estate and end-of-life planning tend to be subjects that many people put off, but getting the conversation started is very important.
For example, many people don’t realize that if you die without a properly executed estate plan, your family may have to go to probate court which can cost thousands of dollars. And furthermore, if done incorrectly, you won’t have the ability to protect the money you leave your beneficiaries from their creditors.
With Father’s Day nearing close, talk to your father about his plans for the future and contact a Chicago estate planning attorney at Peck Ritchey, LLC to discuss how to make sure your dad is protected.