Estate Planning Attorneys
Everyone wants to make sure their family will be cared for after they die, but many people incorrectly believe that estate planning is only for the incredibly wealthy.
In fact, you don’t need to own individual stocks, bonds, or multiple businesses in order to want to put an estate plan into place.
What Is Estate Planning?
Are you worried about who gets your house if something happens to you? Will your family have to go to court or pay a bunch of extra fees to straighten out the title of your house?
That’s where Diamond Estate Planning comes in.
Estate planning is the process of creating an easy way for your spouse or loved ones to deal with your passing or becoming incapacitated. We want to make sure your kids, your property, and your legacy go to the loved ones you want.
But a good estate plan can keep you in control and make sure your wishes are protected.
You collect various belongings throughout your life that make up your estate:
- Other real estate
- Checking account
- Savings account
- 401K or simple retirement account
- Life insurance
- Personal possessions
And you probably want a say in what happens to those things after you die. You want to decide who will receive all these assets, what exactly they should receive, and when they should receive it.
Making note of those wishes and organizing them into a concrete plan is estate planning. It will give you peace of mind knowing that your family will be taken care of, no matter what happens in the future – including the unexpected.
What We Do at Diamond
Wills spell out your wishes to your family. Like trusts, wills can make clear who you want to inherit what, as well as explaining your wishes for your children and your pets. Unlike trusts, however, your family still has to go to court after you die to access your money and distribute your property the way you wanted them to. Your will also becomes public record, whereas a trust does not.
We create trusts that avoid probate (the process of your family going to court after you die). Our trusts clearly explain your wishes to your family and set up protections for minor children and family members on government assistance. Trusts can also direct your family to make charitable donations to causes you care about and make sure specific items go to the people you want to have them.
Powers of Attorney
A power of attorney designates a person you trust to make health care or financial decisions for you if you can’t do them yourself. You also designate additional, backup people to step in if you first choice is unavailable. There are multiple types of POAs, and our office can help you create the ones you need.
Healthcare POA for Minor Children
Parents can set up a health care power of attorney for their children, giving someone other than themselves permission to take the child to the doctor or emergency room.
A living will is a document that tells your healthcare provider (or hospital) your end-of-life medical care if you become unable to communicate. For example, a living will clarifies whether you want to be on life support, etc.
Asset & Wealth Protection
Diamond Estate Planning can help with wealth preservation by making sure that when someone dies or becomes disabled, proper contingencies are in place. That way, you can control what will happen to your wealth and avoid possible loss.
Estate Planning Resources For Professionals
for your home.
What Makes Diamond Estate Planning Different?
At Diamond Estate Planning, we help you create an estate plan
that works for you now and will grow with you as
your family and estate grow.
Our estate planning team has kids (and grandkids!) of our own, so we know how important they are, as well as how hard it is to plan for everything. We don’t want to make you feel anxious about the future. Instead, when you finish signing your documents, you’ll feel good about the plan you’ve put into place.
And we understand that the majority of our clients are not excited to think about dying, but we also know how important it is for you to do this for your children. That’s why we try to make the process as painless and as streamlined as possible.
We have a wide network of attorneys with a wide variety of knowledge, which is why the work that we do for you will even help prepare you for the unexpected. We take a team approach to make sure that all the details are correct, ensuring that multiple people understand your file and your needs so you don’t end up waiting endlessly for one attorney who’s stuck in court to call you back.
Diamond Estate Planning in McHenry has been helping Illinois families plan their legacies for decades, and we’re ready to get to work for yours next.