Many individuals in Illinois and across the country have given a fair amount of thought into what they wish to happen to their assets when they are gone. However, while this is one part of estate planning, there are numerous additional benefits that may at times go overlooked. When considering one's wishes for the future, a person might find it advisable to speak with someone with experience in the area for advice on all available options.
It can be challenging to prepare for every possible scenario, perhaps especially those that are unexpected and sudden, such as a medical condition. However, an individual can take certain precautions in this area, such as making his or her wishes known concerning the type of treatment he or she will receive. This can range anywhere from choosing another individual to make the necessary decisions should one become incapable, to dictating the type of care provided during end-of-life treatment.
If a person has kids, he or she may also want to consider choosing a guardian. This may ensure that one's kids are cared for according to his or her wishes in the event of an untimely death. An estate plan can also help convey a person's wishes concerning certain assets to his or her loved ones, which could prove beneficial when he or she doesn't want certain items to be sold or given away.
With the sheer amount of potential scenarios to consider, estate planning can seem somewhat intimidating or overwhelming. Those who wish to plan for the future may find it beneficial to speak with an attorney with experience in this area for assistance in covering every crucial aspect. An attorney in Illinois can address a client's concerns and assist in forming a plan that is in keeping with his or her wishes for the future.
Source: morningstar.com, "Don't Neglect the Softer Side of Your Estate Plan", Christine Benz, Sept. 17, 2017