Begin Your Estate Planning in Galesburg IL and the Surrounding Areas
In good times and bad times, it’s important to look ahead and plan for what the future may bring. And, although it’s not something we like thinking about, we ought to give some consideration to what happens after you or a loved one passes away. By taking the appropriate steps and arrangements, you live the rest of your life without worry about how your estate is handled after you’re gone. And for efficient help with estate planning in Galesburg IL, look no further than the professionals at Blake Law Office.
At Blake Law Office, we handle all variety of scenarios involving the preparation of your estate for residents throughout Galesburg, Monmouth, Peoria, Macomb and the surrounding communities. Nowadays, it’s essential for anyone with any value and family to settle their affairs in an organized manner. Even if your assets are limited, there are other reasons to have an estate plan, such as naming a guardian for minor children. And Blake Law Office has the tools and experience you need to get the job done right.
The Importance of Estate Planning
To better understand what estate planning entails, you must first understand what your estate is. Your “estate” is a compiling of all your net worth as an individual, consisting of real and personal property. Real property would include your home or possibly rental or farm property. Personal property may include bank accounts, vehicles, collectibles and more. It’s always advisable that you have an estate plan designating who will receive your assets.
- Through estate planning, we can help protect your assets. If you pass without an estate plan, your assets are distributed in accordance with the state statutes. This process can be drawn out and cost more money than it’s worth. Often times, this is not how you would want your assets distributed.
- A Backup Plan
- Life is full of unknowns. No one knows if they will develop medical issues such as dementia or Alzheimer’s. It’s always best to have Powers of Attorney’s in place for both medical decisions and handling your financial affairs. That way, you can control who would make those major decisions in the event you are unable.
- Reducing Tax Burden
- Even after death, you cannot escape the IRS. Depending on the size of your estate, State and/or Federal Estate taxes may be due. Everyone is always surprised as to the amount of tax that is owed. We can set your estate up in such a way that may reduce or otherwise eliminate the amount of tax due.
What More We Offer
With years of experience in estate planning for Galesburg IL, locals count on Blake Law Office for guidance. Additionally, we offer other services to help you and your family plan for whatever the future holds. For example, we offer help with:
Call Our Office
Don’t wait too long to begin your estate planning in Galesburg IL! Get ahold of the professionals who can help you get it done: Blake Law Office. You can contact us today at 309-343-3155 for a consultation. Also, we are located at 56 N. Prairie St., Galesburg, IL 61401.