Orland Park Lawyer For Wills And Trusts
Wills and trusts are two of the basic foundations of an effective estate plan. With assistance from an experienced lawyer, you will get expert guidance on selecting the estate planning documents that fit your individual needs. The Law Office of Joseph A. Macaluso, P.C., frequently represents clients throughout the Orland Park area with regard to drafting wills, creating trusts and developing effective estate plans.
Our attorney, Joseph Macaluso, has more than 40 years of experience practicing law. He has in-depth knowledge of estate planning laws, the tax issues that often arise (and how to avoid them), business succession planning and estate planning under typical or unique circumstances.
Creating A Will
A will isn’t just a simple document that says where you want your money to go; it’s a document that can detail how you want your minor children to be cared for after your passing (guardianships), how you want your real estate and assets distributed and more. We offer comprehensive service in drafting, amending and executing wills.
Transfer of death documents can effectively help you avoid probate, even if you own real estate. We can advise you on effective strategies to avoid tax complications in your will and estate plan, and show you how real estate can be efficiently and economically transferred to your heirs.
The Benefits Of Trusts And Tax Planning
Most people understand the general benefits of having a will before they die, but not everyone is familiar with the benefits of having a trust. In Illinois, there are several types of trusts (living trusts, revocable trusts, irrevocable trusts and special needs trusts) and choosing the right one for your situation will be done after consulting with our attorney. Some of the many benefits of Illinois trusts include:
- Avoiding probate: The probate process can be expensive and time-consuming. Having a trust can avoid this process.
- Your information is private: Probating your will is a court process where all filings are a matter of public record. Trusts are not filed with the court and thus not a matter of public record. Trusts help keep your personal information confidential.
- Tax savings: An expertly crafted trust may prevent costly tax implications in certain situations.
Contact The Law Office Of Joseph A. Macaluso, P.C.
We do not charge for initial consultations. To schedule a meeting, please call us at 708-390-8935 or contact us online. Our firm is located in Orland Park, and we accept cases throughout Chicago and the surrounding Illinois areas.