Many people mistakenly believe that estate planning is only for rich people. The fact is, every family should have an estate plan of its own. Without an estate plan, the state of Illinois will control how your assets are distributed after you pass away. The government is not interested in streamlining the distribution of your assets, minimizing taxes, reducing costs, and ensuring your wishes are carried out.
Another reason to have a plan of your own is to ensure that you will be able to control who can make important medical and financial decisions on your behalf if you become incapacitated. Without a properly designed and implemented plan in place, someone could petition the court for control over your medical care and assets someone that you would never have chosen yourself to make important decisions on your behalf.
We provide a range of foundational estate planning services, including:
- Powers of Attorney
- Health Care Directives
- HIPAA Authorizations
- Revocable Living Trusts
Contact the Oak Brook, IL and Sarasota, FL estate planning attorneys at Borkus Law PA today to learn how we can design an estate plan tailored to address your unique concerns and achieve your goals.