Wills

Illinois Will Attorney - Bonnie Spaccarelli Hannon, P.C.

Elder Care ● Estate Planning ● Probate Law ● Wills and Trusts ● Real Estate ● Guardianship Law

Bonnie Spaccarelli Hannon advises everyone, even people with living trusts, to have a will. A simple will, a pour-over will, or a detailed will save money and ensure that assets will be distributed according to your wishes, rather than a court’s decision, after your death. To schedule a consultation with an experienced, compassionate, well-qualified Illinois living will attorney, contact the law offices of Bonnie Spaccarelli Hannon, P.C.

Functions of a Pour Over Will

A provision in a pour over will which deeds all assets to a person’s living trusts ensures that any assets that were not assigned to the trust will be accounted for. Everything that has become part of the estate governed by the will should be allotted to the living trust to prevent financial disaster for surviving family members.

Without a pour-over will, any assets which have not been properly assigned to a trust will nonetheless go through expensive and time-consuming probate court proceedings. A will saves money because with the existence of a will, the estate will not have buy probate bonds to insure the executor.

Review your Possibly Outdated Will

If you have an old will, Bonnie Spaccarelli Hannon encourages you to have that will reviewed and updated with the assistance of an experienced estate planning attorney. Your attorney should clearly explain to you steps involved in creating a will that will clarify and simplify the finalization of your affairs after your death. Your lawyer should explain ways of avoiding or reducing probate expenses and allow you to have a full understanding of the consequences of every provision of your will or trust when planning for the future.

Examine Topics Such as Divorce and Real Estate as You Think about Creating a Will Appropriate for your Circumstances

Schedule a consultation with Illinois attorney Bonnie Spaccarelli Hannon to begin a dialog about topics pertinent to your individual circumstances. Discuss relevant questions such as the following:

• Does a divorce negate a will?
• Are you and your spouses joint tenants or tenants in common on your real estate title, and what effect will that designation have on administration of your estate and the ability of the surviving spouse to sell the property?

To Be Sure you Have Provided for Your Family’s Future to the Best of Your Ability

Whether you have, or believe you need, a will, a trust, a pour over will, or no will at all because you and your spouse own everything together as joint property, contact an experienced estate planning lawyer to be sure you have provided for your family’s future to the best of your ability.