Give us a call (312) 626-2537

Estate Plan Foundations

The bedrock of any estate plan is the creation of necessary documents including wills, trusts, powers of attorney and health care directives.

The amount of wealth an individual has is irrelevant to their need for an adequate estate plan. Whether a person has significant assets or is just beginning to build wealth, Hays Firm LLC can help set up a plan for the distribution of property and the care of minor children in the event of death.

A proper estate plan considers not only a client’s current asset portfolio, but also their short and long-term goals. Once goals are identified, we work with our clients to determine the approach that best fits their needs and draft the documents necessary to establish and implement the estate plan. These documents may include:

  • Wills
  • Trusts (revocable or irrevocable, living or testamentary, and special needs)
  • Powers of Attorney for Property
  • Powers of Attorney for Health Care
  • Health Care Directives (also known as living wills).

Everyone can benefit from a consultation regarding their estate plan. It is also advisable to periodically review a estate plans, and if necessary, amend the documents. Please contact an estate planning lawyer at Hays Firm LLC by calling (312) 626-2537 or via e-mail.

Recent Articles from our Legal Resources Section

  • trusts

    Tools to Protect Your Loved One Against Elder Abuse

    Tools to Protect Against Elder Abuse We have seen an increase in probate cases of elder abuse involving aging adults who are taken advantage of by people they know, trust, and love. Family members often discover too late that their parents or grandparents have been preyed upon by a caregiver or new “friend.” Senior citizens…

    Read More
  • Chicago Estate Ligitation

    CHICAGO ESTATE LITIGATION Estate litigation is similar to other types of civil litigation, with several key differences. Specifically, the probate court is governed by the Illinois Probate Act, which has special time limitations relating to the filing of claims or actions. Therefore, it is essential that you retain and attorney who understands the unique rules…

    Read More
  • Asset Protection Planning

    ASSET PROTECTION PLANNING The goal of an asset protection plan is to protect an individual’s assets from future creditors. The most common type of creditor who poses financial risks comes from a lawsuit or inner-family dispute. A complete asset protection plan considers a client’s entire wealth structure then identifies and resolves potential weaknesses. The solutions…

    Read More
  • Trusts

    What is a Trust and Do I need one? Hays Firm LLC drafts trusts for clients including young families with small children, business owners, and retired individuals. For each client, we walk through the complete estate planning process which begins by analyzing the client’s financial circumstances and goals. We then educate our clients about the…

    Read More