(847) 714-2866 lauren@lejlaw.com

5 Reasons Every Parent Needs an Estate Plan (And What Happens If You Don't)

You already have an estate plan. If you haven’t written one, the state of Illinois has written it for you – and it probably doesn’t look anything like what you’d choose. 

  • To name a guardian

    If something happened to you tomorrow, who would raise your children? You probably have someone in mind — but that wish means nothing unless it’s written down in a properly executed will. Don’t leave the most important decision of your life up to a judge. How to answer this tough question?

  • To keep a judge out of your family’s life

    Without an estate plan, a court decides who raises your children. That process can drag on for months and cost your family thousands in legal fees — all while your kids are in limbo.

  • To ensure your child can get medical care

    Only a parent or legally appointed guardian can authorize medical treatment for a minor. If something happens to you before a guardian is formally appointed, your child could be left in a dangerous gap. An estate plan closes that gap.

  • To protect your children’s inheritance from probate

    Without an estate plan, the assets you leave behind must pass through probate court — a slow, expensive, and public process. With the right plan in place, we can help your children receive more of what you worked for, faster and with far less hassle.

  • To decide when your children actually receive their money

    Without a plan, a court-appointed guardian could control your assets and spend them however they see fit. Or your child could receive everything in a lump sum at 18 with no guidance. An estate plan lets you set the terms — whether that’s at 25, when they finish college, or in stages over time.

 

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