Estate Planning Attorney in Schaumburg & Elgin, Illinois
Estate Planning Attorney & Probate Law in Elgin, IL
If you were to suddenly pass away, would your family be left in the dark regarding your assets? Don’t leave them scrambling to cover the costs of your funeral, debts and more — make sure your estate is distributed according to your wishes with a concise, thorough estate plan. Christopher S. Nudo, Attorney at Law, can help you draft a will or trust that will cover all your estate planning needs. From designating an executor to determining who is in charge of your property, our team will handle it all.
We’ll send our estate planning attorney directly to your door so you can work out the details of your will or trust at your convenience. Schedule a consultation with us by calling (847) 469-4242, and see how you could save $100 on an estate plan.
Draft the Right Documents for Your Estate Planning Needs
Christopher S. Nudo, Attorney at Law has extensive experience handling the estate planning needs of Schaumburg, Illinois, residents. Our estate planning attorney can assist with:
- Living wills
- Pour-over wills
- Powers of attorney
- Certifications of trust
- Health care powers of attorney
- Advanced estate planning-: i.e. legacy trusts, charitable remainder trusts, irrevocable life insurance trusts
What Goals Should Estate Planning Ideally Accomplish?
The goal of estate planning is to efficiently transfer a person’s assets upon their death to individuals or organizations that are important to them (e.g. family members, church, charity). These assets include real estate, retirement accounts, collectibles, and personal assets. Read More
How Can I Legally Protect My Assets From Potential Incapacity?
Assets can be protected from potential incapacity in two primary ways: with a living trust, and with a durable powers of attorney. Protecting assets is really about effectively managing a person’s assets once they are no longer able to manage the assets themselves due to some sort of cognitive impairment. In a living trust, a successor trustee is appointed to manage the assets when the grantor of the trust is no longer able to. The trustee will manage the assets that are controlled by the trust. Assets not controlled by the trust such as merchants or vendors like credit card companies and brokerage facilities are more comfortable working with a power of attorney than a trust. This is why we recommend a power of attorney to support a trust in order to protect assets through that incapacity. Read More
What Is Probate and When Does It Occur?
In Illinois, probate is the act of substituting one’s free will by the court system, and is really designed to protect creditors of an estate. In the making of a will, a person is capable of choosing to gift their assets to whomever they want. Unfortunately, the will in and of itself does not provide adequate authority, which means the executor cannot fulfil the intention of the decedent until the court system determines that the will is authentic and appoints an executor. Through the probate process, the court system oversees the transfer of the assets from the decedent’s name to the beneficiaries. Read More
Knowledgeable Legal Counsel
You need an attorney with decades of experience up his sleeve. When planning your estate Christopher will examine your assets thoroughly and come up with a strategy that will work best for your goals and needs. If you fail to divide your assets before you pass, the chance of probate will greatly increase. Probate is the process of the court deciding who your belongings should go to, and they do not always do it in the most fair or accurate ways.
If you live in or near Schaumburg, Illinois and you are thinking about the future and planning your estate, call Attorney Christopher S. Nudo.
Don’t Leave Your Family Unprotected
Contact Us Now! (847) 469-4242
Text Us Here (847) 828-8018