The best Estate Planning Attorney in Chicago can ensure that your assets are distributed according to your wishes, minimize the potential for family disputes, and streamline the probate process. An experienced lawyer can also help you reduce taxes and protect your property from creditors. In addition to estate planning, you may want to create a trust for special needs beneficiaries or designate durable power of attorneys to handle health and finance issues should you become incapacitated.
A lawyer who specializes in this area of law can help you choose the right strategies to minimize estate taxes, avoid probate, and establish living trusts. They can also guide you in other important areas of estate planning such as guardianship, beneficiary designations, and trust funding. Some attorneys can even help you plan for business succession and purchase life insurance policies to provide a lump sum benefit that will pay the debts and expenses of your estate after your death.
If you have minor children, an estate plan can ensure that the courts will appoint guardians who are suitable for the job. Without a plan, the court may decide to award custody to relatives you would not approve of or may give the children unsupervised access to your money. This can lead to expensive legal disputes between your relatives. An effective estate plan can also address the needs of a disabled loved one by establishing a special needs trust to qualify for government benefits.
An estate plan can also make it easier for your business to transfer ownership upon your death or disability. A knowledgeable lawyer can create a business succession plan that will reduce the potential for family conflicts, allow you to retain control of your company, and minimize estate taxes. They can also assist with more complex solutions such as stock buy-back agreements and life insurance policies.
Tuohy Law Offices has been assisting clients in Chicago and surrounding areas for over a decade. Their lawyers have experience in handling trust and estate litigation, estate planning, business law, and real estate. They work to provide personalized service to every client and help them achieve their goals. They are a member of the Illinois Bar Association, an AVVO rated law firm, and a member of the ElderCareMatters Alliance. They are also accredited by the Better Business Bureau.
A law firm in Chicago is seeking a skilled Private Wealth Associate Attorney with 2-8 years of experience. The ideal candidate will specialize in sophisticated estate and tax planning, trust and estate administration, and charitable planning for high-net worth individuals and families. They will work closely with C-suite executives, family offices, and private institutions to create tailored estate plans. This position is full-time and offers competitive compensation and benefits.
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