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Finding an attorney who is a “real person” can be difficult. Many attorneys surround themselves almost exclusively with other attorneys and are accustomed to speaking in ivory tower legalese. You should be able to connect with your attorney on a personal level, and he or she should speak to you in plain language that you can understand. You will be working very closely with this person on issues that are very important to you. It is important that he or she be down-to-earth and someone that you connect with.
The most common complaint that clients have of their attorneys is that the attorney is unreachable, does not communicate with them regularly, or does not promptly return your calls. Your attorney should reach out to you about your case regularly and respond within 24 hours to calls and e-mails. An open line of communication between you and your attorney is essential to building trust.
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Your attorney’s goal should not be to win at all costs. Rather, it should be to achieve a favorable outcome for you as efficiently as possible. It is important that your attorney set realistic expectations at the outset as to the costs you should expect, the concerns that the attorney has about the outcome of your case, and the length of time that you should expect your case to take.
Regardless of the nature of your case, we have an experienced attorney who will focus on your individual needs. Our team of attorneys works closely together, bringing each of their different fields of experience to bear in order to optimize our client care.
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!"
Estate planning involves creating a plan to manage property and healthcare in case of disability or death. Our trust and estate attorneys can put together a comprehensive plan that covers your needs.
Comprehensive legal counsel for estates ensures assets are distributed as desired, protecting beneficiaries from unnecessary legal complexities. Estate planning minimizes estate and death taxes, helps avoid probate by transferring assets before death, and prevents family disputes over inheritance. It is also crucial to settle all debts and expenses to simplify the estate settlement process.
Estate planning documents include wills, trust agreements, beneficiary designations, and powers of attorney, with specific provisions to ensure one's wishes are clearly defined.
These documents may also include deeds to transfer real estate to a living trust and changes of ownership of financial assets. Additionally, cash can be transferred into a living trust, allowing the trustee to manage it along with other assets.
For those who own a business or have descendants who would inherit some or all of a business, estate planning documents can be used to alter the structure of a business and effect change in control and ownership.
A living will declaration is a statement given directly to a doctor that makes clear one’s wishes as to how he or she would want to be treated when death is imminent. Income tax implications are significant, as income from a living trust is reported on the grantor's tax return.
Powers of attorney provide for another person to manage a person’s property and the payment of their bills during incapacity. An agent, acting on behalf of the principal, can make critical decisions regarding health care, finances, and property. Limited powers of attorney grant the agent narrower, defined abilities, as opposed to a general power of attorney.
A living trust is a crucial component of a comprehensive estate plan. It is a legal document that allows you to transfer ownership of your assets to a trust, which is managed by a trustee, typically yourself, during your lifetime. Upon your death, the trust assets are distributed to your beneficiaries according to your wishes, avoiding the need for probate court. Living trusts can provide peace of mind, asset protection, and tax benefits. There are two types of living trusts: revocable and irrevocable. Revocable living trusts can be changed or terminated during your lifetime, while irrevocable trusts are permanent and cannot be changed once created.
Estate planning is not a one-size-fits-all solution. When you need estate planning legal services, different situations require unique estate planning strategies. For example, individuals with minor children may need to create a testamentary trust to manage their assets until the children reach adulthood. Those with special needs loved ones may require a special needs trust to ensure their loved one’s needs are met without jeopardizing government benefits. Business owners may need to create a business succession plan to ensure the smooth transfer of ownership and management.
When you work with us, we provide you with peace of mind and ensure that your estate plan is comprehensive and effective. We can also help you update your existing estate plan to reflect changes in your life, such as the birth of a child or the acquisition of new assets. Call us today at 630-324-6666.
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The purpose of a consultation is to determine whether our firm is a good fit for your legal needs. Although we often discuss expected results and costs, our attorneys do not give legal advice unless and until you choose to retain us.
Schedule a ConsultationLearn More About The Firm1515 Legacy Cir., Ste. 1A
Naperville, IL 60563
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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!
In this article, our Naperville estate planning lawyers explain common goals that can be accomplished through a good estate plan:
1. Appointment of fiduciaries and distribution of assets;
2. Probate avoidance upon death;
3. Guardianship avoidance upon mental incompetency;
7. Protecting assets from creditors; and
In this article, our Naperville estate planning lawyers explain some of the reasons to have an estate plan when you have minor children.
In short, an estate plan allows you to name a guardian for the children and provides you additional peace of mind knowing that your minor children are set up for success in the unlikely event you and/or your spouse pass away. It also allows the children to have access to your assets and avoid the stresses of probate.
In this article, our Naperville estate planning lawyers explain when revocable living trusts are appropriate in your estate plan. Revocable living trusts are appropriate for anyone who:
(a) divorcees who do not want their ex-spouses to gain control of assets intended for minor children; or
(b) families with children younger than 30 who do not want their children to have unfettered access to their inheritance before reaching an age where they will act responsibly.
Read more from our Naperville estate planning lawyers about revocable living trusts.
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