Estate Planning

Park Ridge Estate Planning Attorneys

There are a variety of factors to consider before you can decide what kind of estate plan you need. The first option to consider is whether a simple will can serve your needs, or whether you need a will with a testamentary trust or a living trust.

At John J. Pembroke & Associates, our estate planning lawyers are experienced in creating estate plans for clients ranging from young couples with few assets to wealthy business owners. Contact our office to schedule a free half-hour consultation with a knowledgeable estate planning lawyer to help evaluate your needs.

We provide comprehensive estate services, including trust administration, probate assistance, and probate and trust litigation.

Does Your Estate Plan Still Fit Your Needs

It's a good idea to review your estate planning documents every five to seven years to see if your plan still makes sense, given changing circumstances. Have you married or divorced? Has your income or business grown substantially? Have you had children? These are common life changes that may signal a need to change a will or trust.

Estate Planning Packages

There are a variety of tools available to meet your estate planning needs. Whether you need to designate someone to inherit your possession or you want to minimize taxes and manages funds, we can advise you on the best strategy to achieve those goals.

Depending on the complexity of your estate planning needs, fees can vary. Here is an estimate, however, of the costs you may expect. The fee for single persons are about half these amounts.

• A simple will costs approximately $500 for a married couple.
• A living trust costs approximately $2,600 for a married couple.

More Than Just Wills and Trusts

A will can only carry out your wishes after you die. A durable power of attorney and living will can communicate what you want to happen and who you want to be in charge if you are incapacitated. All of our estate planning packages include the following documents recommended by the state of Illinois:

• Durable powers of attorney for health care and property, which enable you to name a trusted person to make decisions for you if you should become incapacitated prior to death.
• A living will, which enables to you to communicate to family members and heath-care providers the medical care you would want if you are unable to communicate your wishes.

We also assist families with a family-owned business with business succession planning.

Contact estate planning lawyer John Pembroke to schedule a consultation.