Estate Planning
ILLINOIS ESTATE-PLANNING ATTORNEY
Estate planning was once a matter of helping people plan for the transfer their assets to heirs upon death. Today, since people are living so much longer, the scope of estate planning has broadened to include the preservation and best use of assets during your lifetime so you won't outlive your assets.
The sooner you begin estate planning, the better you can protect and preserve the assets you have spent a lifetime accumulating. The older you get, the more critical estate planning becomes.
At the Law Office of Daniel Parsons we use numerous estate planning tools to help our clients accomplish their goals, whatever those goals may be. Those tools include:
- Powers of attorney for property and health care. Bad things happen to young people too, and once you reach the age of adulthood you need the protection these documents offer.
- Trusts are our most effective asset-management tools during our lifetime and after death. Trusts are also very effective tools for disability planning, minimizing estate taxes and probate avoidance.
- Wills are used to designate to whom you want to leave your estate and when you want them to receive those bequests.