Melanie Witt of Witt Law, P.C., is a well-respected estate planning attorney in the Chicagoland area. Melanie took some time to share these helpful tips to help you reduce stress in 2021 by having an estate plan for the future of your family and loved ones.
✨Make sure to have an estate plan in place. Many people push this in the back of their minds because it is a little unnerving to think about the “what-if’s” but try to think of having an estate plan as an investment in the future generations of your family or an organization you are proud to leave your legacy with.
✨It is a myth that you have to have a certain amount of money or assets to make it worth it to have an estate plan established. That couldn’t be further from the truth. If you don’t have a ton of assets or money then it’s even more important that the resources that you do have, go to the right people.
✨When thinking about creating a will or power of attorney for healthcare or financials, make sure to have people in mind that you trust and have a candid conversation with those individuals before naming them in important documents. For example:
🌀Do they have the means and availability to take guardianship over young children?
🌀Will they be responsible with the funds you have already set aside for their college tuition?
🌀These are the types of questions you’ll want to consider before consulting with an estate attorney.
It can feel intimidating to think about these things but just a quick consultation with an estate attorney, can help ease your worries and help you think about setting your family up for success, resulting in less stress for you!
If you’d like to set up a consultation with Melanie, reach out to her team through the Barrington or Downtown offices.
Barrington: (847) 387-3946
Downtown: (312) 613-6305
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