Objectives of Estate Planning. | Chicago Estate Planning (2024)

The fundamental object of Estate Planning is for you to protect your family. Estate Planning is the only way you can take control away from the legislature and the courts, and put the persons you trust the most in charge of looking out for the best interests of you and your loved ones.

During your lifetime, the primary objective is for you to choose how to protect your loved ones in case you become incapacitated. This includes making choices about a surrogate to make medical decisions for you, the management of your property and business, and providing for the support of your family, thereby reducing the stress on your loved ones by letting them know your wishes.

Upon your death, the primary objectives are to wrap up your affairs, provide for the support of your spouse and children, avoid unnecessary probate expenses, minimize the costs of estate taxes, and to transfer your property to your heirs and legatees.

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Objectives of Estate Planning. | Chicago Estate Planning (2024)
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