Attorneys for Clients in Prospect Heights Seeking Estate Planning Services
Securing the future for yourself, your family, and your business can bring peace of mind today, and save you time, money, and hassles later. At the Illinois NTegrity Law, we advise and assist clients with sound estate planning and probate support. Our lawyers’ extensive business law experience provides them with insight into how wills, trusts, and other asset preservation tools can protect their client’s business interests.
Sound Estate Planning Strategies
Careful estate planning can allow you and future generations to enjoy the benefits of your hard work. “Contact us online”/contact-us, or call our office at (847)-737-1800 to discuss your estate planning concerns. Our lawyers provide these personal legal services structured to meet the needs of the business owner:
- Establish a reciprocal buy/sell arrangement between business partners to avoid disputes and other complications upon retirement or death
- Sell a business at the time of death or retirement
- Gift or sell a business to another family member while maintaining an income for retirement
- Ensure smooth transfer of a family business from one generation to another
We help clients establish the true value of their assets, especially proper business valuation related to any agreements and to accurately estimate estate taxes.
Avoiding Probate Complications
Without a trust or a last will and testament in place, probate can become complicated, time consuming and expensive to resolve. Our Illinois wills, trusts and probate attorneys will work with you to determine the best options for avoiding probate. We can also explain how a living trust can be used to effectively transfer a family business, avoid probate fees and create potentially significant tax savings.
Powers of Attorney and Trusts
A will is an important and fundamental tool that our estate planning attorneys use to ensure our clients’ futures. However, a will is limited in that it only triggers upon the death of the testator. On the other hand, a power of attorney agreement can give a trusted person the ability to make medical, financial, and business decisions for you in the event that you become incapacitated or you suffer from a diminished mental capacity. Additionally, certain trusts enable you to transfer funds to a loved one while you’re still alive. Depending on the type of trust your attorney forms, you may still retain control of the assets. A comprehensive estate plans should include measures that deal with contingencies other than death.
At NTegrity Law, we work closely with our clients to help them understand and determine which estate planning options work best to meet their future personal and business objectives. Our attorneys will help clients build a customized wealth preservation strategy to avoid potential litigation and probate issues.
For sophisticated legal advice and assistance in Prospect Heights, Illinois, contact the Illinois estate planning lawyers a NTegrity Law at (847)-737-1800
