Many people view estate planning as protecting their hard-earned property and assets, though the focus of estate planning is also largely on the protection of your close family members and other loved ones. If you pass away, they will be going through an emotionally difficult time, so it is important to take steps to make the legal process of probate as easy as possible for them. Discuss the best ways to accomplish this in your specific situation with a probate lawyer in Illinois.
There are certain mistakes that people make that can make probate more difficult for your loved ones. The following are some ways you can work to make probate less stressful.
Have a Well-Drafted Will
Dying without a last will and testament almost always makes probate much harder for family members. However, it is not enough to simply have a will, as it should be a well-drafted will that is enforceable and can stand up to potential challenges. You want to have the right attorney draft your will to ensure it covers all the bases.
Choose the Right Executor
Part of drafting a will is selecting someone to be the executor of your estate. Many people default to their oldest adult child or spouse, though this might not be the right decision. Carefully consider who will be the most willing and capable to do the job.
Protect Assets from Probate
The fewer assets that go through probate, the simpler probate can be. Discuss options to protect assets from probate, such as:
- Living trusts
- Payable on death (POD) and beneficiary accounts
- Transfer on death (TOD) titles and deeds
Learn How a Probate Lawyer in Illinois Can Help
If you want to learn more about probate and how to make it easier for your family, Illinois probate attorney Charles T. Newland is here to help. Contact us online or call 847.797.9300 today.