Which Estate Plan is Right for Me?
Our Des Plaines and Hoffman Estates Attorneys Tailor Your Estate Plan to Your Life
Deciding how to dispose of assets after death is a task that most people would rather ignore. In fact, only one-third of American adults have taken the time to plan their estates, and most of them believe that a simple will is all you need to plan for the future. Our team of Hoffman Estates and Des Plaines estate planning lawyers will tell you that you need to determine your goals and objectives and then create a plan that will accomplish them. While writing a will is one way to distribute your property after you die, a will is not the only method available, and it may not be the most beneficial to your situation.
Estate planning is premised on multiple issues: accumulating assets and earnings, preserving assets, distributing assets after death and reducing administrative expense and confusion during your life and after death. It may sound simple, but it is not. Certain challenges, such as probate administration and inheritance taxes, can prevent your estate from being managed and distributed according to your wishes.
Our Des Plaines and Hoffman Estates attorneys know that estate planning is about securing peace of mind for you and providing adequate resources for your loved ones. At Pluymert, MacDonald & Hargrove, Ltd., we do not make decisions for you. Instead, our team of estate planning attorneys, headed by Gregory A. MacDonald and Patricia A. Tauchert, will educate you about the estate planning process and options. You make the decisions yourself. To make sure that your wishes are executed, we work with your financial planner, insurance company and accountant.
Our estate plans are tailored for each client, and include but are not limited to:
- Wills
- Testamentary trusts
- Living trusts (revocable)
- Property Power of Attorney
- Health Care Power of Attorney, HIPAA Release and Living Wills
- Trust asset funding
- Supplemental Needs Trusts
- Qualified domestic trusts
- Qualified personal residence trusts
- Charitable remainder trusts
- Charitable lead trusts
- Grantor retained annuity trusts
- Grandchildren’s education trusts
- Irrevocable trusts
Our practice includes guiding and assisting you in determining your objectives in the estate planning process, providing you with alternative approaches to accomplishing your objectives and designing your chosen plan to meet the stated objectives. We will assist you in implementing your plan and we can also assist you with the asset transfers necessary for many estate plans to function properly.
If you would like to build a relationship with a law firm that provides high quality legal services, with honesty and integrity, please contact one of our Hoffman Estates or Des Plaines estate planning lawyers to set up a free one-hour estate planning consultation.
Pluymert, MacDonald & Hargrove, Ltd. serves individuals and businesses in Cook, DuPage, Kane, McHenry, Winnebago and Lake counties, including the cities of Hoffman Estates, Schaumburg, Chicago, Des Plaines and surrounding areas.