Estate Planning Lawyers Serving Lake County and Cook County
People need a skilled and attentive attorney when creating an estate plan, because each plan needs to be customized to the individual’s needs. The estate planning lawyers of Lois Kulinsky & Associates, Ltd., have more than 50 years of combined experience helping people determine the best possible estate plan for their specific needs and how to avoid or get through the probate process as quickly as possible.
Experience With All Available Estate Planning Tools
Our experienced lawyers have the skill to use all available estate planning tools, including:
- Wills, including pour-over wills
- Living wills
- Living trusts
- Powers of attorney for financial and medical purposes
- Transfer of death instruments
We also represent people in Illinois probate matters.
Our website is filled with useful information for people interested in estate planning, including our estate planning FAQs.
Elements Of A Comprehensive Estate Plan
Everyone needs a basic will and testament to make sure their assets are distributed according to their wishes, and not as otherwise provided by law. However, a will is only the beginning. For everything from trusts to powers of attorney, our lawyers have many different options that can be tailored to your specific needs.
The Value Of Trusts
Trusts are one of the most commonly used estate planning tools, and we are familiar with all of the types of trusts available to accomplish unique goals, such as:
- Special needs trusts for children or adults with special needs. These can be designed to leave assets to the person with special needs without having those assets interfere with the government benefits that person may be entitled to.
- Land trusts for estates that are primarily real estate-based. These trusts allow real estate to be left without having it go through probate court. For homeowners with minimal other assets, these trusts, combined with a will, can be extremely beneficial.
- Living trusts may benefit many estate types. Like other trusts, this type of trust allows the transfer of assets without the need to go through probate court, but also offers privacy and the advantage of being revocable (i.e. changeable) during the creator’s lifetime.
Powers Of Attorney
Powers of attorney come in various forms. Durable powers of attorney are available when a loved one can no longer manage his or her affairs because of disability and a doctor certifies this in writing. General powers of attorney are more broad and do not require disability. There are also powers of attorney specifically for the transferring of real estate. We will thoroughly review your situation to ensure the form of power of attorney that meets your needs.
Transfer On Death Instruments
Real estate can be transferred to your loved ones upon your death with a transfer on death instrument. This can avoid probating of the real estate which you own.
We understand that you want to preserve your assets, not spend them. We charge reasonable rates that can be paid by credit card or through an installment plan for your convenience.
Contact Us Now For A Free, Half-Hour Initial Consultation
To get started, contact us online or call one of our offices to schedule a free, half-hour consultation with one of our attorneys. Our offices in Wheeling and Buffalo Grove can be reached at 847-459-4448, and the number for our Libertyville office is 847-281-0200.