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Lake in the Hills Estate Planning Attorneys | Estate Planning Lawyers, Lake in the Hills IL

Lake in the Hills Estate Planning Attorneys | Estate Planning Lawyers, Lake in the Hills IL

Because your estate planning documents are important for your family, they are important to our Lake in the Hills Estate Plannning & Administration attorneys. We take the time to educate your on how trusts, wills, and Powers of Attorney can save your family time and stress in the future. We want to make sure your precious belongings and assets are safe from the probate process and are able to be transferred quickly and easily. There is no better time to start planning for your family's future than now.

Because your estate planning documents are important for your family, they are important to our Lake in the Hills Estate Plannning & Administration attorneys. We take the time to educate your on how trusts, wills, and Powers of Attorney can save your family time and stress in the future. We want to make sure your precious belongings and assets are safe from the probate process and are able to be transferred quickly and easily. There is no better time to start planning for your family's future than now.

Our Lake in the Hills Estate Planning & Administration Lawyers Can Assist You With All Of Your Estate Planning Needs:

Your Community Law Firm

Why O'Flaherty Law for My

Estate Planning

Matter?

In this video, our Lake in the Hills Estate Planning & Administration attorney describes why O'Flaherty Law is the best choice for your estate matter.

  • We Are Affordable! Here at O'Flaherty Law, our Lake in the Hills Estate Planning & Administration attorneys have a pretty simple philosophy. We provide experienced service at a cost-effective rate, and we leave our clients satisfied with our work and attention that they received. Why would you pay for a basic form without much attorney review. We are able to provide these lower prices and still maintain excellent service and attorney oversight to make sure your estate planning documents read how you want them to.
  • We Go Above-And-Beyond!  When it comes to estate planning, there can be a lot of options out there. Some of them include template forms that may not contain the same goals you wish to achieve. We want to break you from that mold and construct great estate planning documents that cater to your wishes. After forming these trusts, why stop there? We will fund your trust free of charge and cut through any red tape that may be standing in your way from your goals.
  • We Know Our Stuff!  Estate planning attorneys can often get complacent in what they offer to clients. However, unlike other attorneys, we stay in the cutting edge with Estate Tax Avoidance Techniques, Special Needs Trusts, Creditor Protection Strategies, and other specialized techniques to fit your situation. We don't just sell the form, we sell the experience and knowledge that leaves our clients feeling like they got their money's worth.
  • We are Comprehensive!  Once your estate planning documents are in order, that is often just the beginning of our trusted relationship with our clients. We provide a multitude of legal services as well. Our team is dedicated to provide you the same excellent service you received in estate planning with many other areas of law. Whatever you need may be, we will be a trusted resource to you.

Some of Our Accomplishments

Schedule a Free Consultation With Our

Lake in the Hills Estate Planning Attorneys

lake in the hills will and trust lawyer

Please contact our friendly

Lake in the Hills Estate Planning Attorneys

at our nearest location to schedule a free consultation:

O'Flaherty Law of Lake in the Hills

8411 Pyott Road, Ste. 107
Lake in the Hills
,
IL
60156
Get Directions

See below for our other locations. If our office locations are not convenient for you, we are happy to speak with you by phone.  ​​​

Hours: 9 am - 5 pm Mon - Fri

Our  Office Locations: 

Downers Grove Attorneys, Downers Grove Attorney, Downers Grove Lawyer, Downers Grove Lawyers

Downers Grove

5002 Main St, Ste. 201 Downers Grove, IL 60515

Naperville Attorney, Naperville Attorneys, Naperville Lawyers, Naperville Lawyer

Naperville

105 Jackson Avenue, Ste. 4b Naperville, IL 60540

Elmhurst Lawyer, Elmhurst Lawyers, Elmhurst Attorneys, Elmhurst Attorney

Elmhurst

​110 E. Schiller Street, Ste. 220B ​Elmhurst, IL 60126

Lake in the Hills Attorneys, Lake in the Hills Attorney, Lake in the Hills Lawyer, Lake in the Hills Lawyers

Lake in the Hills

8411 Pyott Road, Ste. 107, ​Lake in the Hills, IL 60156

Tinley Park Attorney, Tinley Park Attorneys, Tinley Park Lawyer, Tinley Park Lawyers

Tinley Park

​16557 Oak Park Avenue, Ste. B, Tinley Park, IL 60477

St. Charles Attorneys, St. Charles Lawyers, St. Charles Attorney, St. Lawyer

St. Charles

210 S Fifth St, Ste. 107B, St. Charles, IL 60174

lake in the hills will and trust attorney

Meet Our Owner

Kevin O'Flaherty oversees all legal matters and is actively involved in making sure every client's case, big or small, is handled with excellence and attention to detail. He is available to contact through phone and email and his rates are available upon request.

Here's What Our Clients Have to Say:

John Paul Clancy
Says...

"Kevin and his firm, O'Flaherty Law, are friendly, efficient, knowledgeable and professional. Kevin is a master at bringing people together and sharing ideas."

Kevin Sender
Says...

"Kevin O'Flaherty and his team at O'Flaherty Law are among the friendliest and easiest to work with attorneys I've dealt with. I would suggest them to any friends or business associates."

Kevin O'Flaherty was instrumental during the purchase process of my new house. I highly recommend him and the entire firm!

An excellent client experience, I recommend O'Flaherty Law to all of my clients that have a need for consultation in family law.

DuPage Family Law AttorneyDowners Grove Estate Planning Attorney
John Paul Clancy
Says...
"Kevin and his firm, O'Flaherty Law, are friendly, efficient, knowledgeable and professional. Kevin is a master at bringing people together and sharing ideas."
DuPage Family Law AttorneyDowners Grove Estate Planning Attorney
Kevin Sender
Says...
"Kevin O'Flaherty and his team at O'Flaherty Law are among the friendliest and easiest to work with attorneys I've dealt with. I would suggest them to any friends or business associates."
DuPage Family Law AttorneyDowners Grove Estate Planning Attorney
Mike Stehlik
Says...
"Kevin and his team are my "Go To" resource for clients that need estate planning"
Kevin Koc
Says...
Kevin O'Flaherty was instrumental during the purchase process of my new house. I highly recommend him and the entire firm!
Stephen Petersen
Says...
An excellent client experience, I recommend O'Flaherty Law to all of my clients that have a need for consultation in family law.
Troy Golden
Says...
Kevin is an excellent attorney. He helped me incorporate by business and provides legal counsel as need. I highly recommend him.

Click here for Videos, Podcasts, and Articles by our Lake in the Hills Estate Planning & Administration Attorneys

will lawyer lake in the hills il

Or Continue Scrolling Below to Browse some of our Most Helpful Articles

Overview of Medicaid for Long-Term Care: Eligibility, and the Look Back Period | Illinois Elder Law

In this episode, we give an overview of #Medicaid for Long-term care. We explain Medicaid income requirements, the Medicaid look back period, and Medicaid eligibility requirements.

In this article, we give an overview of #Medicaid for Long-term care. We explain Medicaid income requirements, the Medicaid look back period, and Medicaid eligibility requirements.

Read More
lake in the hills trust attorney

In this article, we give an overview of #Medicaid for Long-term care. We explain Medicaid income requirements, the Medicaid look back period, and Medicaid eligibility requirements.

Read More

Why Should I Have An Estate Plan?

Estate planning attorney lake in the hills il

In this Learn About Law podcast & videoblog, Lake in the Hills Estate Planning & Administration attorney Kevin O'Flaherty of O'Flaherty Law discusses the importance of having an Estate plan when you have children.

Estate planning attorney lake in the hills il

Every estate planning case is unique. That's why our Lake in the Hills Estate Planning & Administration attorneys take their time to fully understand your goals.​ Only after an understanding is achieved, can we begin with a strategy that encompasses your needs. We don't just supply you with the documents. We take the time to explain the documents and how they work to accomplish your needs for your family.

Typical Goals Of A Good Estate Plan

There are many benefits that an estate plan can provide to your family. Here are just some listed below:

Probate Becomes Unnecessary : Probate is the court's way of distributing your assets when you pass. This can cost from 5% to 10% of the value of the estate in attorney fees. On top of the attorney fees, there will be court costs as well. Not only can it be expensive, but it can be a lengthy process that won't allow your loved ones to have access to your assets for at least a year. The last thing that your family needs in the grieving period is this stressful distraction. Probate is required if you do not have a proper estate plan when you pass. This estate plan ensures that your wishes are fulfilled and your assets are distributed immediately and without the costs of the probate process.

  • The Right Way to Distribute Assets: Your wishes may be complex, but our Lake in the Hills estate planning lawyers make sure that it is executed correctly. We make sure your assets are to be distributed through a loved one or fiduciary you trust rather than the probate court that does not hold your interests. Even years after you pass, with the right estate plan you may be able to control your asset distribution. For example, if there arises a case where a young adult may need a delayed inheritance, your estate plan may make sure the young adult does not see a dime of it until they are old enough to handle the responsibility. Instead, these assets can be released by your trustee over time as the child ages. If you have a minor child with an ex-spouse, you can make sure your ex-spouse does not receive your assets because she is the guardian of your child. Instead, the assets can be managed by someone you appoint.
  • Naming a Guardian for Minor Children:  Young families have the important task of naming the right person to their raise their children if they become unable to do so. This decision is too important to leave up to chance through probate. Your wishes are essential when it comes to the protection of your children.
  • Avoiding a Guardianship Proceeding Should You Become Mentally IncompetentThough accident, disease, or old age, you may be rendered mentally incompetent. A guardianship proceeding would follow such event which would allow your loved ones to manage your personal and financial affairs. These proceedings can be costly and require attorney fees and court courts that may put an unnecessary burden on your family. These proceedings are not only costly, but they can be lengthy as well. Guardianship proceedings take approximately six months. Your family remains in limbo while you wait for this proceeding and cannot act on your behalf. Establishing a solid financial and healthcare power of attorney means you can appoint your guardian in advance. This in turn lowers the costs, saves your family the stress, and cuts out the waiting period involved.
  • End of Life Instruction: When it comes to estate planning, the theme is saving your family from the emotional burden that is placed on them during a time where you become unable to make important decisions. Our Lake in the Hills attorneys will alleviate this stress by creating a great estate plan that outlines your wishes ahead of time. This process helps get rid of the guilt that can occur and disputes that may arise when a family is left to make these choices without guidance.

Read more from our Lake in the Hills estate planning attorneys regarding the 8 goals of a good estate plan. 

In this Learn About Law podcast & videoblog, Lake in the Hills Estate Planning & Administration attorney Kevin O'Flaherty of O'Flaherty Law discusses the 8 Goals Of A Good Estate Plan.

estate planning lawyer lake in the hills illinois

There are many benefits that an estate plan can provide to your family. Here are just some listed below:

Probate Becomes Unnecessary : Probate is the court's way of distributing your assets when you pass. This can cost from 5% to 10% of the value of the estate in attorney fees. On top of the attorney fees, there will be court costs as well. Not only can it be expensive, but it can be a lengthy process that won't allow your loved ones to have access to your assets for at least a year. The last thing that your family needs in the grieving period is this stressful distraction. Probate is required if you do not have a proper estate plan when you pass. This estate plan ensures that your wishes are fulfilled and your assets are distributed immediately and without the costs of the probate process.

  • The Right Way to Distribute Assets: Your wishes may be complex, but our Lake in the Hills estate planning lawyers make sure that it is executed correctly. We make sure your assets are to be distributed through a loved one or fiduciary you trust rather than the probate court that does not hold your interests. Even years after you pass, with the right estate plan you may be able to control your asset distribution. For example, if there arises a case where a young adult may need a delayed inheritance, your estate plan may make sure the young adult does not see a dime of it until they are old enough to handle the responsibility. Instead, these assets can be released by your trustee over time as the child ages. If you have a minor child with an ex-spouse, you can make sure your ex-spouse does not receive your assets because she is the guardian of your child. Instead, the assets can be managed by someone you appoint.
  • Naming a Guardian for Minor Children:  Young families have the important task of naming the right person to their raise their children if they become unable to do so. This decision is too important to leave up to chance through probate. Your wishes are essential when it comes to the protection of your children.
  • Avoiding a Guardianship Proceeding Should You Become Mentally IncompetentThough accident, disease, or old age, you may be rendered mentally incompetent. A guardianship proceeding would follow such event which would allow your loved ones to manage your personal and financial affairs. These proceedings can be costly and require attorney fees and court courts that may put an unnecessary burden on your family. These proceedings are not only costly, but they can be lengthy as well. Guardianship proceedings take approximately six months. Your family remains in limbo while you wait for this proceeding and cannot act on your behalf. Establishing a solid financial and healthcare power of attorney means you can appoint your guardian in advance. This in turn lowers the costs, saves your family the stress, and cuts out the waiting period involved.
  • End of Life Instruction: When it comes to estate planning, the theme is saving your family from the emotional burden that is placed on them during a time where you become unable to make important decisions. Our Lake in the Hills attorneys will alleviate this stress by creating a great estate plan that outlines your wishes ahead of time. This process helps get rid of the guilt that can occur and disputes that may arise when a family is left to make these choices without guidance.

Read more from our Lake in the Hills estate planning attorneys regarding the 8 goals of a good estate plan. 

​Is A Trust Appropriate For Me?

In this Learn About Law podcast & videoblog, Lake in the Hills Estate Planning & Administration attorney Kevin O'Flaherty of O'Flaherty Law discusses using a trust to ensure that your estate avoids probate when you pass.

Estate planning attorney lake in the hills il
lake in the hills estate planning lawyer

While most people have a preconceived notion that Revocable Living Trusts may only benefit and be required for the wealthy, the fact remains that Revocable Living Trusts suit most families. A Revocable Living Trust may be for you if:

  1. You own your home or condo: A trust will ensure that your estate avoids attorney fees and court costs that are associated with a probate case. In addition to saving money, you will save time.  A will won't provide the same peace of mind.
  2. You have more than $100,000.00 in total assets: A trust makes sure that your assets stay out of the probate process; a will does not. 
  3. You are a divorcee with a minor child: A trusts allows you to appoint someone to manage your child's assets in the event your child is too young to receive it. This prevents your ex-spouse from gaining control of these assets as the child's guardian. 
  4. You have young children or young adult children who you do not want to receive a lump sum inheritance at your death:  If you have young adults or young children who do not yet have the fiscal responsibility of handling a lump sum of cash, you can have your trust give instructions on when it is to be distributed. You have the ability to appoint someone you trust to manage these assets for your children's benefit. If you do not have an executed trust, it will be delivered in a lump sum.

Read more from our Lake in the Hills estate planning attorneys regarding Revocable Living Trust

Specialized Estate Planning Goals

Lake in the Hills attorney, Kevin O'Flaherty, discusses the 8 goals of a good estate plan.

​We have the experience with many special circumstances that could arise that only an experienced estate planning attorney can properly execute. Some of our competitor estate planning lawyers may not have the ability to accomplish your goals, but we are able to. Here are some examples of some special estate plans we have experience with:

  • Estate Tax Avoidance:  We understand how how you work to build and maintain wealth for your family and loved ones. When you pass, your loved ones are the ones who should reap the benefits of your tireless work, not the government. If your estate plan isn't made correctly, state and federal tax could end up consuming at least 35% of your assets. We will help you create a strategy that will completely avoid this estate tax   We work with you to look at every opportunity available under the law to minimize your estate tax exposure and make sure that your loved ones receive the fruits of your labor.
  • Protection of Assets from Creditors: If you are in a job field with high liability, our Lake in the Hills estate planning attorneys offer irrevocable trusts, family limited partnerships, and life estate deeds to make sure creditors cannot go after your assets. In the event of a lawsuit, we can ensure that your home and wealth stay protected and inside your family.
  • Medicaid & Long-Term Care Planning: If you or your parent face the decision of long-term care, you have the opportunity to apply for Medicaid benefits to cover cost related to such care. What many do not know is that in order to receive these Medicaid benefits, you are first required to spend down your assets? You must show that you have less than $2,000.00 in total assets before having Medicaid eligibility. Our Lake in the Hills elder law attorneys use life estate deeds and irrevocable living trusts to make you eligble for Medicaid benefits while also keeping your assets inside of your family and retaining the right of possession of your home. We also have the ability to assist you in protecting assets from collection by the government to satisfy the bills of long-term care after you pass. Medicaid planning beings at least five years after you apply for Medicaid to maximize your options.
  • Special Needs Planning:  There are limits on how much income you can receive and total assets you can accrue without negatively affecting the benefits of Medicaid or social security. If you or your child are disabled, there may arise a problem. However,  our Lake in the Hills special needs attorneys can make it so that you earn an income, accumulate savings, receive gifts and inheritances, and maintain a decent standard of living without losing eligibility for government benefits. If you are the parent of a special needs child, your child's supplemental needs trust should be made into your own estate in order to ensure that any inheritance they will receive will not affect their eligibility for government assistance.

Our Lake in the Hills estate planning attorneys have the experience that is needed to accomplish your individualized goals.

Read more from our Lake in the Hills estate planning attorneys regarding the 8 goals of a good estate plan. 

Further Reading from our

Lake in the Hills Estate Planning Attorneys