When Is Estate Planning Necessary?
Many people may wonder if they need an estate plan. When they sit down with an attorney, they may be surprised to find just how helpful a comprehensive estate plan can be to bring into focus their long-term financial and life goals. Estate planning doesn’t have to be intimidating.
At Spagnolo & Hoeksema, LLC, Don Spagnolo devotes much of his practice to estate planning and will walk you through the process of creating an effective, comprehensive plan, step by step, tailored to your specific needs.
Estate planning is also important because if you don’t create your own plan, the Illinois intestate succession laws will control the distribution of your estate. That may not serve you or your heirs well. To prevent this, you need to speak with one of our attorneys and create a comprehensive estate plan tailored to your specific needs. If you own a business, this can be even more important.
We Can Help Create An Appropriate Plan
A positive way to look at estate planning is that it is a gift you give your family. By creating a comprehensive plan, you can greatly reduce the confusion and stress that accompanies any death. You can allow them their time to grieve, while our attorneys handle all of the necessary legal transactions for the estate.
Our firm provides experienced legal assistance with:
- Wills and trusts
- Estate and gift tax
- Business succession
- Charitable planning
- Powers of attorney
- Estate administration
- Trust administration
- Estate-related litigation
A comprehensive estate plan can also help you utilize trusts and other wealth preservation and transfer instruments you will need.
We Can Help Business Owners With Their Special Concerns
If you die without an estate plan, it can be catastrophic for your business. If you lack a succession plan, your business can suffer from the loss of your leadership. Spagnolo & Hoeksema, LLC, can help prevent this by creating a plan that will ensure the ongoing management of your business, enable you to step aside or leave the business, and succession planning that permits the sale or transfer of the business.
Contact Our Firm For Help With Your Estate Plan
Don’t put off developing an estate plan. If you live in the Schaumburg area or elsewhere in Northern Illinois, contact our Hoffman Estates office today and make an appointment to discuss your estate planning needs with our experienced lawyers. Call 847-584-3988 or use our online form.