Previous posts on this blog have discussed how our law office can help clients in the Chicago area plan to pass their wealth down to the next generation. Indeed, careful estate planning can ensure that a family receives their loved one’s property with as little conflict and as a minimal of a tax burden as possible.
However, planning an estate is still only the first step in a complicated process. After the death of a loved one, and possibly even during their lives, a family will also have to deal with probate or trust administration. In some cases, administering a guardianship or handling an elderly or ill person’s affairs through a power of attorney may also present legal challenges for a family.
Even when family members are all getting along, a will or trust can be difficult to interpret. Moreover, there are important legal steps that all families must follow in order to make sure that the administration and transfer of property goes smoothly and as intended. Finally, particularly in an estate with diverse assets, knowledge of accounting practices and procedures is important.
The attorney at our law office not only has decades of experience handling estates, trusts and tax-related matters associated with them, he is also a certified public accountant. This is one reason why many people in Northern Illinois trust both their estate planning and estate administration needs to his legal time and him. Our goal is to help families administer their estates as promptly and as efficiently as possible.
At the same time, we are fully prepared to advocate for the interests of the estate should there be conflicts between family members, with creditors or with taxing authorities.