Drew and Snyder - Illinois Law Firm - Counselors at Law - Attorneys you can trust in Lansing and Torrence IL

NEWSLETTER

July 2006

If your family and friends are important to you, then you should consider planning for the management of your estate now –during your lifetime. Anyone that has acquired assets during his or her lifetime should seek good and sound legal advice as to what estate plan best suits you. Below are many of the estate planning documents that we can advise, counsel, and represent you on:

Power of Attorney for Healthcare;
Power of Attorney for Property;
Living Will;
Last Will and Testament;
Land Trust;
Authorization to obtain medical records;
Revocable Trust;
Irrevocable Trust;
Special Needs Trust; and much more…

Much of your estate planning can be handled at very affordable prices. The trouble is that none of us like to think about death! Consequently, estate planning is often avoided like the plague. However, failing to plan for your estate can be both foolhardy and costly. In fact, much more costly than it is to pay your attorneys to draft your estate planning documentation during your lifetime.

The proper mindset with regards to estate planning is that it is much more about lifetime management of your financial affairs and thoughtful consideration towards your loving and devoted family members! Not only does this sound better, but it is true.

When it comes right down to it, it is about planning for the following important reasons:

Proper gifting to all your chosen loved ones and charities;
Proper administration of your gifting and management of your lifetime affairs;
Naming the person or persons you trust to act as your estate representative;
To carry on the Family Legacy by planned giving and administration;
For the smooth transition of the family business to the next generations;
Privacy; and,
To avoid the many pitfalls of poor planning, which include unnecessary expenses and negligent estate administration.

In sum, for reasonable attorney fees, you can put an exclamation on your life by properly considering your estate planning needs now before it is too late. Besides, once your estate planning is out of the way, you have less reason to worry and you will undoubtedly live a happier life.

Your Attorneys at Law,

Drew & Snyder, Counselors at Law

LEGAL WORD OF THE MONTH:

Escheat - A reversion of property to the state in consequence of a want of any individual to inherit. (Black’s Law Dictionary. Fifth Edition.) <OR>
If you’re the last one in your family to survive with no ancestors or descendants, and do not have a will or a trust then the state will take your property at death. (Drew and Snyder’s Dictionary)

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FACSIMILE • 708.429.9757

7622 W. 159th Street • Orland Park, Illinois 60462
708.429.3114

Both attorneys are licensed to practice law in Illinois, all Illinois courts, and the northern district of Illinois, Federal Court. Both attorneys are licensed to practice in the Northern District of Indiana, Hammond Federal Court.