Thinking ahead is a valuable tool regarding wealth preservation. The Illinois estate planning process can help transfer wealth to heirs or beneficiaries in as tax efficient a manner as possible. The Internal Revenue Code is complex and often difficult to understand, and it is subject to ongoing revisions as well. This is why it pays to consult with someone who is well-versed in such issues before determining a best course of action regarding an estate plan.
Passing one’s assets to a future generation is a personal process that is unique. There is often no set solution to a particular problem. An estate owner must execute as solid a plan as possible at a given time, then stay on top of it to periodically review the plan and make changes or updates as needed.
If you are thinking about how to best to execute an estate plan to protect your assets and provide for your loved ones in the future, it helps to consult with an experienced attorney whose top priority is helping you meet your objectives. Whether acting as an individual or a business owner, you can create a customized plan that meets your needs. Doing so can also help loved ones and other designated beneficiaries retain as much of their inherited legacy as possible.
Lesser Lutrey Pasquesi & Howe, LLC is committed to helping you resolve estate planning issues so that you can have as much control as possible in determining what happens to your assets when the time comes to administer your estate. By requesting a meeting, you can take the first steps toward executing your last will and testament or designating powers of attorney or trusts as you see fit. Our experienced Illinois legal team can guide you through the process and remain on hand to address any needs or obstacles that arise down the line.