When you have accrued a substantial estate throughout your life, you want to leave it in good hands after you are gone. The idea of leaving it to people who will not take care of it or spend it recklessly can be galling.
Rather than risk the state’s probate court taking possession of and dividing up your estate randomly after you are gone, you can stipulate right now the names of your heirs and how you want your assets and money dispersed. You can draw up your final will and testament while you are still alive by hiring an experienced probate lawyer in Moline, IL.
Naming Your Heirs
Having a probate lawyer in Moline, IL, on retainer is important if you want to name your heirs before you die. Dying without naming your heirs directly leaves open the possibility of a probate judge deciding who will get your estate after you pass on. People that you wanted to exclude from inheriting anything from your estate could receive money and gifts that you meant to go to someone else.
Your lawyer will make sure that the heirs to your estate are listed clearly in your will. That will can then be filed with the probate court within days after your death.
Paying Your Taxes
Making up your will now can also resolve any taxes that your estate owes after your passing. You can leave money behind in a separate fund to pay the inheritance and death taxes on your estate. This courtesy relieves your heirs from having to pay taxes on anything that they receive from you.
You can find out more about hiring a probate lawyer in Moline, IL, online. When you want to settle your estate well before you pass away, your probate lawyer can provide the legal services for this purpose.
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