By Reilly Law Office, Dec 4 2018 12:24AM
On October 1, 2018, St. Margaret’s support group for persons affected by Parkinson’s disease met at 1:30 p.m. in Spring Valley, Illinois. The support group offers emotional support and information for people affected by Parkinson’s disease and their families. The group meets monthly in St. Margaret’s Presentation Room for socialization.
Attorney Jennifer Bunker Skerston presented valuable information about estate planning, Powers of Attorney, their importance and implications. The presentation addressed important aspects on Financial Powers of Attorney, Health Care Powers of Attorney, their role and importance for people with Parkinson’s disease.
The question of whether or not having an Estate Plan is necessary also came up. Attorney Jennifer Bunker Skerston explained that an Estate plan can be useful to make sure that the right people get the right property at the same time, that the wishes of the Decedent will be fulfilled and last, but not least, to ensure that the Decedent’s family will continue to have the standard of living they are used to. Among the goals of an Estate Plan is preventing unnecessary taxes, costs and the guarantee of property distribution according to the Decedent’s wishes. During the presentation it was also explained what intestacy, or passing away without a Will, involved and what the Illinois law allows for in these cases. Attorney Jennifer Bunker Skerston’s presentation tackled complex issues such as Probate time frames and costs and delicate information like what happens to an Estates after death.
The issue of Trusts and their usefulness was also approached. The Attorney explained that Trusts can save people time, money and taxes making them one of the most efficient modern estate planning tools. The advantages and disadvantages of Living Trusts were explained and a presentation of the different types of Special Needs Trust was also given.
With today’s rising taxes and life’s uncertainty, the best way to make sure that your family’s needs are taken care of after your passing is to plan ahead. At REILLY LAW OFFICE, LLC we make sure your family and loved ones will receive the property you wish them to have and give you peace of mind so you can enjoy your golden years with less to worry about.
CALL 815-672-8505 TODAY for a FREE consultation and find out what we can do for you and the ones you care about most!