Estate Planning Resources
You already know that you need an estate plan, but you may need guidance to help figure out what combination of wills, trusts and other estate planning tools will suit you best. Also, there are a number of healthcare planning tools to consider as well to avoid having a guardianship imposed on you or forcing others in the difficult position of making life decisions on your behalf. Below are a handful of resources our estate planning attorneys have collected to help you understand wills and estates in Illinois and to know where to go for more information. To speak with an attorney about developing a comprehensive, customized estate plan tailored to your needs, contact Johnson, Westra, Broecker, Whittaker and Newitt at our offices in Carol Stream, St. Charles and Chicago.
Illinois Probate Code – All the trusts and estates laws of Illinois are collected here. Click here for a table of contents to go to specific sections, such as wills, guardians for disabled adults, and the probate of small estates.
Like Kind Exchanges – This page discusses IRS section 1031 exchanges, which can be an important factor in tax planning when you are transferring business or investment property.
Illinois Department of Public Health – The department makes a variety of advance planning forms available, including a living will, power of attorney for health care, declaration for mental health treatment, do not resuscitate order, and others. Read the Statement of Illinois Law on Advance Directives and DNR Orders to learn about the different types of directives available under Illinois law.
Illinois Department on Aging – The Department on Aging helps older Illinoisans live independently with dignity and quality of life.
Illinois State Bar Association – Among the ISBA Consumer Legal Guides, you will find Estate Planning, What is a Living Trust, and Serving as a Guardian for a Disabled Adult. The Legal Health Checkup booklet contains a section on protecting the privacy of your health care information as well as advance directives such as powers of attorney for health care and living wills.
American Bar Association – Wills and Estates resources from the ABA include a page on 10 Things Estate Planning Can Do for You. Also, the Bar provides access to archived issues of its Probate & Property magazine, a publication of the ABA Section of Real Property, Trust and Estate Law. Some articles or issues may be locked for members only, but others are open to the public.