Reasons to See an Estate Planning Lawyer in Rockford, IL Today
While some people don’t realize it, everyone has an estate. It is not necessary to own several properties, a stock portfolio, and have a certain amount of money in the bank to qualify for help with estate planning. In fact, choosing to see an estate planning lawyer in Rockford, IL while there are relatively few assets is a great way to begin setting goals for the future. Here is how the lawyer can help.
Taking a Good Look at Today
Think for a moment about what would happen if an accident took place and the family was left to sort out the finances and deal with the distribution of personal belongings. Would they know what to do? One of the essentials of estate planning is to ensure there are basic documents in place that ensure there is no question of what should be done with financial assets and personal belongings. The estate planning lawyer in Rockford, IL can help the client prepare those basic documents and provide the foundation for all future planning.
Wealth rarely materializes overnight. It is more often the result of years of hard work and commitment. In order to help the client accumulate wealth, the lawyer will provide some assistance in setting short and long term goals. For example, perhaps the client would like to become a homeowner in five years. That will involve setting aside funds each month in some type of interest bearing account and learning how to manage debt effectively.
Other goals could include establishing a retirement fund independent of the one offered through an employer. Perhaps starting an investment portfolio over the next decade is one of the plans for the future. In each case, the practical suggestions of the lawyer will make it easier to develop a plan of action for meeting each of these goals.
For those who are ready to begin making plans today, contact Crosby Law Firm and schedule an appointment. Bring along all documentation related to assets, holdings, and debts. With a little help, it is possible to come up with a plan that covers what the client already possesses and expand it as more assets are added in the future.