Creating a legal document called an estate plan allows individuals to dictate their wishes for the future handling of property, finances and health care. An attorney can assist with drafting a variety of documents such as a will, living trust, durable power of attorney for healthcare and more. A trusted local estate planning lawyer can also help with less common devices like a Third Party Special Needs Trust, which allows a family member to make medical decisions on behalf of a disabled child, or an irrevocable living trust for tax purposes.
When a person dies without an estate plan, the process of probate can be complicated and lengthy. A good estate planning attorney can provide advice and guidance on how to avoid the probate process altogether or reduce its duration and costs. They can also offer strategies on ways to minimize gift, estate and inheritance taxes. They may also advise on charitable planning to ensure that assets pass to beneficiaries in a tax-efficient manner.
An estate planning lawyer can be helpful when someone wants to create a revocable living trust and assign beneficiaries to their other assets, such as life insurance policies, retirement accounts and securities. They can also help with preparing an advanced healthcare directive and a HIPAA release form to allow access to medical records on behalf of a loved one. A good estate planning attorney will be familiar with all of the state and federal laws governing these matters, including the Medicaid laws.
A private law firm in Chicago, Illinois is looking to hire a Private Wealth Associate Attorney with 2-8 years of experience in sophisticated estate planning, trust and estate administration, and tax and charitable planning for high-net-worth clients. The ideal candidate will have experience advising families, family offices and C-suite executives on a wide range of complex issues.
Correa Law has been helping individuals and families protect their properties, assets and health with proper estate planning since 2010. Founder Mario Correa provides each client with personalized attention and preparation for each situation. The company offers a comprehensive list of legal services, including asset protection planning, fiduciary services, estate and trust administration, nursing home injury litigation, elder law and Medicaid planning, and estate and trust planning for families with children with special needs.
Finding the Best Estate Planning Attorney in Chicago
Choosing the right estate planning attorney can make all the difference in ensuring that your family’s financial and personal matters are handled appropriately after your death. A reputable attorney can assist with all aspects of your estate, including tax planning, trust and will formation, and guardianship. They can also draft documents like a living will, power of attorney for health care and finances, durable power of attorney, beneficiary designations and real property deed transfers.
An experienced attorney will listen carefully to your wishes and concerns during the initial consultation. They will then share their professional opinion and recommend the appropriate documents to be drafted. They will also explain how the documents you select will work together to ensure your estate is handled as you want.
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