An estate is the total property, real and personal, owned by an individual. It includes assets like financial accounts, life insurance, real estate, business interests and personal property. We believe that every estate is worth planning for, no matter the size. An estate represents your accumulation of hard work and effort. Estate planning puts you in control of your future.
Without an estate plan, state law will determine how your assets are distributed after your death. With an estate plan, you ensure that your family is cared for and that your assets are administered in a way that best accomplishes your goals and objectives.
Our clients range from young married couples starting a family to business owners with sophisticated estate planning needs. We work closely with clients to understand their goals, needs and overall family and financial situation. Whether you are new to estate planning or are looking to update your existing documents, we will help you design a plan that meets your unique needs, circumstances and objectives.
Our services include:
- Last Will and Testaments outlining the plan of distribution of assets upon death and naming guardians for minor children if appropriate.
- Revocable and Irrevocable Trusts designed to avoid probate, protect assets and minimize estate tax liability.
- Powers of Attorney and Health Care Directives allowing you to prepare for disability or incapacity.
- Pre-Marital Agreements establishing financial rights and obligations in connection with an impending marriage.
We invite you to contact Salvi, Salvi & Wifler, P.C. to schedule a consultation to discuss your Illinois estate planning needs.