One of the ways Chicago attorney Jennifer M. Smith helps clients is by working with them to put their affairs in order, preparing professional legal documents to guide estate administration after death. Just as important is planning for handling affairs during periods of lifetime incapacity.
When you work with the Law Offices of Jennifer M Smith, you can have peace of mind knowing that your wishes are documented and that your affairs are in order.
Your will is a legal document that names someone to be in charge of the administrative tasks that come with winding down your estate after your death. A will can also provide for specific bequests, gifts of personal property and establishes how the assets that pass through the will should be distributed after you die.
Trusts can be created inside of wills to provide for distribution to children or grandchildren over a period of years – these are called ‘testamentary trusts.’ However, in some cases it may make sense to create a separate living trust instrument. There are many reasons to consider creating revocable or irrevocable trusts during your lifetime, including avoiding probate, minimizing estate tax obligations, or providing for a blended family. Chicago estate planning attorney Jennifer M. Smith can help you determine what types of estate planning instruments will best meet your goals and needs.
Powers of Attorney
A power of attorney is a legal document you create authorizing someone else (a trusted family member, friend or a professional fiduciary) to step in and handle your financial affairs for you. If you become incapacitated, you’ll have someone who can step in to easily handle things on your behalf. Jennifer M. Smith, Esq. can help you determine whether it makes sense to give someone else this authority over your finances.
When someone’s estate has to go through probate court, attorney Jennifer M. Smith can help loved ones through that process too.
Putting Your Affairs in Order Starts with a Phone Call
Nobody wants to think about their estate planning documents actually needing to be used. However, failing to plan ahead can leave your loved ones with added stress and uncertainty when the time comes. By being proactive about your estate planning, you’re not only making sure your legal affairs are in order; you’re also taking steps to make sure your wishes for your family, property and other assets are legally documented, and that they’ll be followed when the time comes.
The estate planning process begins with a simple phone call. Contact the Law Offices of Jennifer M Smith in Chicago today at (312) 752-7123 to schedule an initial consultation.