ESTATE PLANNING

Estate Planning Simplified

Often the biggest challenge to estate planning is getting started. And that involves knowing where to start. 

The right resources and the right professionals can make all the difference. This page provides a few informational tools to help you begin the process . . . and we’ll be here to answer your questions. Give us a call and we’ll make creating your estate plan that much easier. 

Estate Planning Services

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Is There Time Not to Do Estate Planning?

Probate is a term many have heard but few understand – until they have to go through it. Probate is the process by which a court distributes the assets of a deceased individual’s estate. The time and expense involved varies by the value of the estate and the state in which it resides. Whether or not someone has a will, probate will occur. But having a will can help reduce the length of time. 

If you are currently in a probate situation and need guidance, we can help. Give us a call at 630.665.2300 to speak to one of our attorneys.

Estate Planning Tools

Consider a
Simple Will if:

You have simple and straightforward estate planning needs such as a small estate exempt from estate taxes, or designated beneficiaries for your primary assets. Here’s how a simple will can benefit you:
  • You want to create a simplified list of who gets your property and how.
  • You want to name an executor who will carry out your directions.
  • You want to appoint a guardian for your minor children.
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Consider a
Living Trust if:

You’ve acquired physical and financial assets and require more out of your estate plan – both while living and when you pass. Here’s how a living trust can benefit you:
  • You want to avoid probate.
  • You want to protect your minor children and save your adult children from irresponsibility.
  • You want to reduce taxes.
  • You want to ensure complete privacy.
  • You want to protect yourself while still alive.

Consider a
Dynasty Trust if:

You have significant wealth and want to spread it over multiple generations while maintaining asset and tax protection. Here’s how a dynasty trust can benefit you:

  • You want to provide funds for your descendants' needs.
  • You want to avoid estate tax across future generations.
  • You want to insulate inherited assets from your descendants' creditors.

PERKINS & ZAYED, P.C.
1745 South Naperville Road, Suite 200, Wheaton, IL 60189

Phone: 630-665-2300 | Toll Free: 877-TRUST-50
Fax: 630-665-4343
Email: admin@trust-lawgroup.com

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The information contained on this website is for informational and educational purposes only and is not legal, tax or financial advice. Always consult a qualified licensed attorney and/or appropriate professional to provide advice for your individual needs and circumstances. Use of this website does not create or constitute an attorney-client relationship. This website may include advertising material for Perkins & Zayed, P.C., The Estate and Trust Law Group.