You never know when a sudden illness or accident will impact your life. When that moment comes, you’ll want to know that your loved ones and assets will be protected. A lawyer for wills and trusts near Cicero can help you do that in the following ways.
Protect Your Minor Children
If you die intestate or without a will, the court will determine what will happen to your minor children. They may choose a guardian whom you would not have trusted to love and care for your children. By drafting a will now, you can choose who will get custody of your children.
Protect Your Assets
Imagine you have a particular asset and you want it to go to one of your children. If you leave that asset in your will, it may be sold to pay off your creditors or estate taxes during probate. However, an attorney can help you set up a living trust that will immediately transfer ownership of that asset to your loved one upon your death. In that way, it will avoid going through probate.
Protect Yourself
If you become unable to communicate your wishes due to illness or an injury, you will need someone to speak for you. A lawyer for wills and trusts near Cicero can help you set up a healthcare proxy and financial power of attorney to handle your affairs in that situation. When you recover, you would regain control of your medical care decisions and finances. In the meantime, you would have someone you trust in charge of making those decisions for you.
Whether you just need a simple will or a more complex estate plan, trust Koch & Associates P.C. Attorneys At Law with your needs by visiting them online.
