Estate planning allows you to take stock of what you have, manage your assets, create enforceable directives, and provide instructions for emergency situations. It also ensures that your family is taken care of if something were to happen to you. If you have not yet taken these important steps, we encourage you to call the Law Office of Richard C. Claahsen today to schedule a consultation with an experienced estate planning and probate attorney today.
Many people know that estate planning is something they should do eventually, but justify putting it off. Unfortunately, life is unpredictable and you cannot know when things will happen necessitating a will or advance healthcare directive. Simply put, you should begin planning your estate as soon as possible. Even if you own very few assets, planning your estate gives you the power to dictate your wishes and spare your loved ones from unforeseen burdens.
Probate is the legal process of formally closing someone's estate. It is through this process that inheritable assets are distributed, taxes paid, creditors notified, and any other loose ends are tidied up. Typically, the way probate works is that a loved one is named in a will as the executor of the estate. When the estate owner dies, the executor must go through the motions of closing the estate in a timely fashion.
If the estate owner did not name an executor in their will or did not have a will, someone close to them will have to volunteer to do the job and obtain an administrative appointment to the post from an Illinois County Circuit Court.
Though you are not required by law to work with an estate planning attorney if you are tasked with executing an estate, the process will be much more efficient and less stressful if you do. We have helped countless clients with probate over the years and have it down to a science. If you've been named an estate executor, contact the Law Office of Richard C. Claahsen today.
The Law Office of Richard C. Claahsen provides trusted estate planning and probate counsel for residents of Yorkville, Oswego, and Sugar Grove. Contact our office today at (630) 553-1234 to schedule a consultation with Mr. Claahsen.