When most people consider planning their estate, they think about establishing a legal document to ensure the right beneficiary will receive their personal property. Items such as their home, automobile, and business property that they know will be distributed correctly after the have passed away. While it is important to validate who will receive these personal possessions after you are deceased to prevent any disputes among family members. There are other critical decisions that need to be made that do not involve financial matters. An estate planning lawyer in Moline, IL area can assist in making these important decisions and creating a binding document to ensure they are followed when you have passed away.
Small Children or Disabled Adult Custody
When you have children under the age of 18, you want to make sure they will be taken care of if you should suddenly pass away. Even with disabled adults that you are responsible for their care, it is important to know their future is secure when your death occurs. An estate planning lawyer in Moline, IL can make this possible by creating a legal documentation that expresses your final wishes of who will have custody of your children or be responsible for making decisions for a disabled adult. An attorney can assist you in setting up a trust fund for your dependents and the terms of the trust to ensure they are financially secure after you have passed away.
Help Ease the Emotional Distress of Loved Ones
When a loved one has passed away, it can be emotionally traumatic for their family. Especially, when the family member is a small child or mentally challenged adult. When you established who will be the caregiver of your children or a disabled adult, you reduce the risk of an unpleasant dispute between family members on who should obtain custody of them. This can lead to excessive stress and emotional trauma on your dependents during a difficult time. David J. Franks Attorney at Law can help avoid this by establishing a legal document on who you want to obtain custody of your dependents after you have passed away.
