Every person can benefit from having an estate plan in place. Those who have children, own a business, or have solely owned assets should have a plan in place to avoid having the Probate Court make decisions about the distribution of your assets upon your death.
For many people, a simple will can accomplish their goals. A will can designate a guardian for minor children, ensure your property is distributed in accordance with your wishes, and minimize the probate process. However, for others with more complex estates a trust may be necessary. Trust agreements have numerous benefits not offered by a will including tax benefits and privacy. Wills and trusts can always be changed. Therefore, it is imperative to work with an estate planning attorney who understands your goals and can help you make necessary modifications when those goals change.
Residents in the Chicago, IL and Miami, FL area who need help crafting an estate plan can contact Weiss Ortiz, P.C. for help. We offer affordable legal services. We know your needs are unique and we will work with you to craft an estate plan that helps ensure your wishes are followed.