Kevin's firm handled setting up my will and trust recently. They took something that seemed intimidating and made it easy to understand. I've also referred a couple clients to Kevin - he's trustworthy, approachable and very fairly priced.
"I've used Kevin and his firm's services since 2011. He gave undivided attention to my cases, advised me on different options and..."
"Kevin was extremely professional, responsive and knowledgeable when I came to him for help. I would definitely recommend O'Flaherty Law!"
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Davenport, IA 52801
I am personally committed to ensuring that each one of our clients receives the highest level of client service from our team. Our mission is to provide excellent legal work in a cost-effective manner while maintaining open lines of communication between our clients and their attorneys. Many of our clients are going through difficult times in their lives when they reach out to us. They should feel comfortable leaning on the experience and knowledge of our attorneys as their counselors and advocates. We are here to help!
Our Moline estate planning attorneys outline the 8 goals of a good estate plan in this article. Four General Goals that Apply to Most People:
1. Appointment of Fiduciaries and Distribution of Assets When You Pass;
2. Avoiding probate when you pass;
3. Guardianship avoidance upon mental incompetence;
4. End of Life Decision-Making;
Four Goals that Only Apply in Specific Circumstances
5. Estate Tax Planning;
6. Special Needs Planning;
7. Creditor Protection; and
8. Medicaid Planning.
Read the article by our Moline estate planning attorneys about the 8 Goals of a Good Estate Plan
These next two articles by our Moline estate administration lawyers attorneys discuss appointing fiduciaries and arrange asset distribution. Your estate plan's purpose is the appointment of executors or trustees to manage your estate once you pass. It's purpose also enables individuals you appoint to make healthcare and financial decisions for you in case you become mentally incompetent. The next article on asset distribution discusses how your assets will be distributed after you pass both with and without a will or trust.
Our Moline estate planning attorneys discuss revocable living trusts and what ways they are used to avoid probate which is required in Illinois when you pass away and have real estate worth $100,000.00 or more outside of a trust. The costs of probate can be between 5% and 10% of the estate value in court and attorneys fees so it's best to ensure that an estate avoids probate proceedings..
Probate also may take a year or more which causes your loved ones to wait to receive your assets, which is what makes revocable living trusts so lucrative.