Executing certain documents while one is of sound mind may help ensure that certain actions are carried out (or avoided) if an urgent situation arises where one becomes incapacitated. Living wills are an example of this. When terminal conditions are diagnosed by Illinois physicians, such documents ensure that measures to prolong life may (or may not, depending on personal preference) be taken. Many consider them a vital part of the estate planning process.
What Illnois law states about the living will process
Some say these superstars made big estate planning mistakes
Pop music stars in Illinois and throughout the world went into mourning when headlines announced the deaths of Whitney Houston, Michael Jackson and Prince. Following each performer's passing, all of which were unexpected and untimely, stories began to surface regarding their estate planning practices, or lack thereof. Since then, several reports have suggested that each of these superstars made major blunders where their estates were concerned.
What are the top reasons to avoid probate?
When creating an estate plan, you can't focus solely on the here and now. You need to think about the future, such as what will happen to your assets upon your passing.
Duties of estate planning and administration can be split
When choosing an executor to help administer an estate, an Illinois estate owner does not have to designate a sole individual. In fact, certain duties can be split between several people, if needed. The estate planning and administration process is able to be customized to suit a particular person's needs and ultimate goals.
Can probate litigation be avoided?
A high priority for many Louisiana estate owners is helping loved ones avoid long, drawn out court proceedings down the line. Probate litigation may be avoided if certain issues are kept in mind and estate owners know where to turn for support, if needed. Not taking steps to avoid such litigation may ultimately cause permanent strain on familial relationships.
