Aurora Wills and Trusts Lawyer

Attorney for Estate Planning and Asset Protection in Aurora, IL

It is important for every family to prepare for the future to ensure that their loved ones, assets, and legacy are protected. For people in Aurora, Illinois who own businesses or other complex assets, who want to preserve family wealth, or who want to make sure they and their families will have the financial resources needed in the future, estate planning involves much more than simply creating a will. It will require a careful consideration of how wealth will be preserved, how loved ones will be cared for, and how to ensure that a person's wishes will be followed in the years to come.

At Gateville Law Firm, our estate planning lawyer works with families to ensure that they can manage these responsibilities. Rather than simply drafting documents, we provide advice and guidance on the options that are available, the steps that can be taken to protect assets, and the updates that may be made to address the changes a family has experienced. Our goal is to help our clients achieve lasting peace of mind.

Estate Planning Services for Multiple Types of Families

We work to meet the unique needs of our clients, including:

• Families With a High Net Worth: For clients who have assets in excess of $1 million, we can provide guidance on the use of trusts and other instruments to protect wealth and pass it on to future generations.
• Business Owners: Asset protection can be crucial for people who own businesses. We can provide guidance on liability protection and succession planning to help ensure that a business can continue operating successfully.
• Parents: Providing for the needs of future generations is one of the primary concerns involved in estate planning. We can help parents ensure that minor children or adult children will have the financial resources they need in the future.
• Seniors: Elderly people may have unique needs, and in addition to addressing concerns related to their family members, they may encounter concerns related to the costs of long-term care. We can help determine the best ways to protect and preserve assets while addressing the various expenses that elders or retirees may encounter.
• People in Law Enforcement, Education, or Healthcare Fields: The retirement benefits available to people in these occupations may be complex. Proper planning is essential, and we can help determine the role that pensions or other benefits may play in an estate plan.

Coordinating Wills and Trusts in an Estate Plan

A comprehensive estate plan will include several different legal tools that can help a family plan for the future while achieving specific goals. Our attorney can provide guidance on the best ways to use a last will and testament to detail how a person's assets should be distributed after their death.

We can also provide guidance on the use of living trusts to protect and preserve assets while making arrangements to distribute them to different beneficiaries. A revocable living trust can provide flexibility when handling different types of assets while also providing protection against lawsuits, the division of assets between divorcing spouses, or expenses related to long-term care.

We can help ensure that living trusts are structured in a way that will ensure that assets can be managed correctly in the event of a person's incapacitation. By establishing living trusts, families can maintain privacy and avoid the costs and delays that may be involved in distributing assets through the probate process.

Benefits of Developing an Estate Plan With the Help of Gateville Law Firm

Clients who work with our firm can rest assured that they will receive comprehensive guidance and ongoing advice. Rather than creating basic, generic estate planning documents, we work closely with clients to make sure they fully understand all of their options and are prepared to address the concerns that may arise in the future. We will continue to work with clients as needed, updating documents to address any changes experienced by a family.

Other benefits of working with us include:

• Comprehensive Legal Documents: When creating living trusts, wills, or other documents, we make sure they cover all potential legal and financial concerns while avoiding errors or gaps. Our trust documents are typically over 70 pages long, fully addressing all of our clients' needs. We also provide organized binders for estate planning documents and digital copies, ensuring that information will be easily accessible for our clients.
• Real Estate Knowledge: Our attorney and staff have extensive experience addressing concerns related to real estate property. We can perform title searches to clear up any potential disputes related to the ownership of real estate. We can ensure that homes or other properties will be addressed correctly in an estate plan, including making arrangements to transfer ownership of property between family members.
• WealthCounsel: The software we use to create estate planning documents is recognized as one of the most professional and versatile solutions available. We also have access to a nationwide network of estate planning professionals.
• Client Education: To ensure that our clients have the information they need to make decisions related to estate planning, we provide multiple types of educational materials, including newsletters, blogs, videos, and FAQs. We also offer free seminars in Aurora and other nearby communities.

Contact Our Aurora, Illinois Estate Planning Attorney

Whether you need help drafting a will, establishing a living trust, creating a succession plan for your business, or minimizing estate taxes, the attorney at Gateville Law Firm can help you create a plan that aligns with your goals. Contact our Aurora estate planning lawyer at 630-780-1034 to schedule a free consultation.