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Last Will & Testament

The Illinois Electronic Security Act authorizes the use of virtual signings for your important estate plan, Living Trust, Health Care Power and Financial Power of Attorney documents. All documents can be delivered to you and you can sign in the comfort and safety of your home, via electronic conference. We are authorized to supply all witnesses and notary. Of course, you are always welcome to sign your documents in the traditional way, in person, in our Oakbrook Terrace offices.  

 

Last Will & Testament

A Last Will & Testament is a legally binding document establishing the distribution of your assets at your death.  In the Will you name your beneficiaries and their share of your estate. Wills are as descriptive and as detailed as you wish.

In addition to naming exactly who receives your assets, a Last Will & Testament is a flexible document whose purpose  includes, but is not limited to the following:

  • Nominating a guardian for your minor children.
  • Naming an executor. An executor handles the distribution of your assets and the administration of your estate.
  • Provide for the establishment of a testamentary trust.
  • Direct the payment of debts, taxes and expenses after your death.

Even with a Last Will & Testament, however, the distribution of your assets is subject to supervision by the Probate Court. Probate is a public proceeding that can take as long as one to two years to complete.

See Living Trusts to discover how to avoid this system completely.

You can change yourr Last Will & Testament at any time as long as you are mentally competent.

Please click on these links for detailed information regarding Power of Attorney, Living Trust and Probate.

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