Naperville Estate Planning Attorneys
No one enjoys thinking about and planning for what will happen when they are gone. Estate planning can be a very stressful experience. However, it is a very important task, and, done right, can help you feel secure going forward. If you have not made an estate plan or you are not sure what your estate plan should be, we can help you make the best decisions for your situation so that your wishes are carried out after you pass.
Peck Ritchey, LLC lawyers have handled a wide variety of estate planning issues, and we can help you with your estate planning needs. A Naperville estate planning attorney can put your mind at ease about the steps you can take to make sure all the details are taken care of. For a free, confidential consultation of your case, contact us today at (855) 328-5787 or via our online contact form.
Do I Need an Estate Planning Lawyer?
If you have been thinking about completing an estate plan or will, you may wonder what your options are and whether you need an estate planning attorney. Estate planning attorneys can answer all your questions and help you create a plan for your heirs. Don’t leave your family’s future to chance. Complex legal issues, such as taxation and inheritance laws, affect your estate plan and are best handled by an attorney with experience in estate planning. If you try to make an estate plan yourself, it may leave out important details, be confusing for people who try to interpret it, or even not be legally binding at all.
Why Choose Peck Ritchey, LLC to Handle My Estate Planning Needs?
At Peck Ritchey, LLC can help you achieve the results you want.
Types of Cases We Handle
When you think of estate planning, you might automatically think about a will. While a will is an essential part of estate planning, there is more to estate planning. We offer services related to the following:
- Wills: A will ensures that your property passes to a person you designate.
- Trusts: There are different forms of trusts, including revocable and irrevocable living trusts and testamentary trusts. We can help you understand if a trust makes sense for your estate.
- Powers of Attorney: Depending on the need, powers of attorney can be broad or specialized. A common version is a health care power of attorney that enables someone else to make medical decisions for you.
- Planning for Nursing Home Care: Planning for nursing home care is a big step that can give you peace of mind.
If you need help with any of these tasks, or anything else related to estate planning, contact Peck Ritchey, LLC.
Frequently Asked Questions About Estate Planning
Estate planning always brings up lots of questions. We have provided answers to some of those questions here, and we’re available to discuss your situation in detail when you call us at (855) 328-5787.
What happens if I pass away without an estate plan?
If you do not have an estate plan, all your property will be inherited by others according to Illinois default rules, which are known as the state’s probate laws. The Illinois probate laws provide that if you are married and pass without a will, all your property will be distributed to your spouse. If you have children and no spouse, your children will receive equal shares of all your property. If you are survived by both a spouse and children, then your spouse would receive half of your property, and the other half would be divided among your children.
In circumstances where there are no children or spouse, if you die intestate (without a will) your property will be divided among your parents and siblings. Any time that these relatives are deceased, your estate is distributed to other members of the extended family, such as aunts, uncles, and cousins. In rare situations where there are no family members to take your estate, the state of Illinois would receive your property.
In cases where there is no will, your estate will also go through a process of administration to determine who gets your property, something that is not necessary when you have an estate plan. Also, the probate process will cost less if you have an estate plan in place. Even in cases where there are no disputes, without a will, the fees will be much higher than they would when a will exists. When there is no estate plan in place, the court is entitled to a percentage of the value of your estate to account for its administration.
What is the cost of estate planning?
The cost to plan your estate depends on several factors, including the size of your estate and the way you want the estate to be distributed. The simpler the plan, the more cost-effective estate planning can be. The attorneys at Peck Ritchey, LLC provide a free consultation so you can gain an understanding of the process and associated costs. Although it may be tempting to try to plan your estate on your own, an experienced attorney can pinpoint issues that may arise and help you effectively deal with them in advance.
What if I already have an estate plan, but I want to make changes?
There are specific ways to change an estate plan. Our experienced estate planning attorneys can help you make the necessary changes.
Contact Peck Ritchey, LLC Today
Thinking about life after you are gone can be scary, but having an estate plan in place is essential for assuring your money and property are handled the way you want it to be and that your family is taken care of. Having a lawyer guide you through this process can make it far less stressful, and can give you the peace of mind you need. Contact the Naperville attorneys from Peck Ritchey, LLC at (855) 328-5787 or reach out to us via our online contact form. We can discuss your estate planning needs and answer your questions in a free, confidential consultation.