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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!"
Choosing the right law firm can change everything. At O’Flaherty Law, we pride ourselves on transparency, responsiveness, and personalized care. See how we compare to the industry standard.
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Learn how we service your area with our Remote Location Approach.
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 Firm4949 Forest Ave., Ste. 1B
Downers Grove, IL 60515
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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 Downers Grove estate planning lawyers further discuss the 8 things you need in a good Illinois estate plan.
The four goals that apply to nearly every client and the tools that we use to accomplish them are:
1. Appointment of fiduciaries and distribution of assets;
2. Probate avoidance upon death;
3. Guardianship avoidance upon mental incompetency;
In addition to these four primary goals, clients in special circumstances may also seek to accomplish four particular goals that are specific to their circumstances. These four Focused Goals are:
7. Protecting assets from creditors; and8. Preventing assets from interfering with eligibility for Medicaid and transferring assets to loved ones at death free of Medicaid liens.
Our Downers Grove estate Planning attorneys explain why revocable living trusts are the most popular estate planning vehicle.
Revocable living trusts are used to ensure that your estate avoids probate. Probate is a year long court case that may be necessary to distribute your estate if you do not have a trust. If your estate goes through probate, your loved ones will not have access to your assets for at least a year, and will have to pay a significant amount in court costs and attorneys fees. Avoiding probate with a revocable living trust will save your family money, time, and unnecessary stress.
In this article, our Downers Grove estate planning team discusses the typical documents of an Illinois estate plan. These are:
1. Revocable Living Trust: Primary estate plan document, which sets forth inheritance wishes, provides for disability, and establishes successor trusts for children.
2. Pour-Over Will: Safety net document, which provides that any assets not transferred to trust during lifetime will be dealt with according to the terms of the trust; also provides for guardianship of minor children.
3. Healthcare Power of Attorney: Designates an individual to make medical decisions on your behalf in the event of incapacity.
4. Financial Power of Attorney: Allows your spouse (and successor agents) to execute financial transactions on your behalf.
5. Living Will: States your wishes in the event that you are incapacitated and death is imminent except for delaying procedures.
Click each of the links above to more about each of these documents and how our Downers Grove estate planning attorneys can help you draft and enforce them.
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