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Estate Planning - Administration in Park Ridge, IL
Brown- Marc L. Attorney - Park Ridge, IL - Phone: (847) 825-1900
Ferraro- Francis J.- IV Attorney - Park Ridge, IL - Phone: (847) 698-9600
Haley William H Attorney - Park Ridge, IL - Phone: (847) 384-8202
Hansen Thomas J Limited - Park Ridge, IL - Phone: (847) 292-1800
Harth Charles C - Park Ridge, IL - Phone: (847) 696-0774
Owens- Denis J. Attorney - Park Ridge, IL - Phone: (847) 825-2128
Pembroke- Bielski and Associates- LLC - Park Ridge, IL - Phone: (847) 696-0060
Raysa- William G. Attorney - Park Ridge, IL - Phone: (847) 268-8600
Helpful Definition for: Estate Planning - Administration
Estate planning in Park Ridge is the attempt of eliminating confusions over the administration of a probate, optimizing the value of estate and arranging for its safe disposal. It is basically the process of transferring or distributing the assets, including the real & personal properties of the owner to the legal heirs in case of disability or death.
Beneficiary designations, trusts, property ownership, powers of appointment, gift, powers of attorney, living will, partition & specific final arrangements such as whether to be buried or cremated, etc., constitute the major devices of estate planning during lifetime. For post-death estate planning- will, succession & life insurance are the effective tools.
The main objectives of estate planning in Park Ridge are- tax-effective transfer of asset to beneficiaries, pre-decided time of distribution, selection of guardian, trustee or the executor and business succession.
Recent News from the Green Blog
By: Lee Ann Rush We’ve discussed the stranglehold that the giant food-processing conglomerates have on our domestic food supply several times, always recommending that people choose wisely by limiting processed foods, buying local (preferably organic) produce in season, and taking a shot at growing their own backyard or container gardens. One thing we haven’t talked about is drinking water, something that..