Oak Brook Estate Planning Attorneys
and Oak Brook Trust Attorney

Get expert Oak Brook estate planning advice with Tuohy Law Offices

Estate planning lawyer you can trust

A life well lived is one filled with precious moments and valuable assets. As you build a fulfilling life in Oak Brook, Illinois, creating a plan to protect your legacy becomes crucial. Tuohy Law Offices’ team of experienced estate planning attorneys in Oak Brook has a long history of helping residents secure their future. Our dedication to the community and practice in estate planning makes us a valuable resource for anyone looking to ensure their needs are met.

With over 40 years of experience and over 5,000 living trust estate plans prepared, we understand the intricacies of Illinois law and the unique estate planning needs of Oak Brook residents. Our personalized approach ensures your estate plan reflects your desires, protects your loved ones, and minimizes future complexities, enabling you to make informed decisions about your estate. We can also represent clients in court if necessary.

Many people mistakenly believe that a will is sufficient for estate planning. However, wills go through probate, a lengthy and public court process that can be expensive and time-consuming for your beneficiaries. On the other hand, an effective estate plan that goes beyond a will can help you:

  • Avoid probate: A living trust, a cornerstone of our estate planning service, can effectively bypass probate, saving your beneficiaries from unnecessary delays and legal fees.
  • Minimize taxes: Strategic estate planning can minimize estate taxes, ensuring a larger inheritance for your loved ones.
  • Protect assets: A well-crafted estate plan safeguards your assets from creditors and potential lawsuits.
  • Maintain control: Determine how your assets are distributed and how your minor children are cared for in case of your incapacity.
  • Reduce family conflict: A clear and comprehensive estate plan minimizes misunderstandings and disputes among beneficiaries.

The benefits of choosing Tuohy Law Offices
for your estate planning needs in Illinois

At Tuohy Law Offices, we take pride in offering our clients a comprehensive
and personalized approach to estate planning. Here’s what sets us apart:

Experience

With over 40 years of experience, we have the legal expertise and a proven track record of success in guiding Oak Brook residents through the estate planning process.

Knowledge

Our law firm possesses in-depth understanding of Illinois estate planning law, ensuring that your plan is comprehensive and legally sound.

Personalized attention

Building strong relationships with clients is essential for our success. We work hard to provide personalized attention and excellent customer service throughout the process of estate planning.

Compassion and understanding

We recognize the emotional nature of estate planning and approach each client with sensitivity and respect.

Commitment to Oak Brook

Our law firm is deeply rooted in the Oak Brook community and understands the needs and values of its families.

Tuohy Law Offices’ Oak Brook estate planning services

Our professional Oak Brook estate planning lawyers offers a comprehensive suite of services to meet your specific needs:

Living trusts

A living trust allows you to transfer ownership of your assets to a trust while retaining control during your lifetime. Upon your passing, the assets can be distributed to your beneficiaries without going through probate, saving time and money.

An estate planning lawyer can help you determine if a living trust is right for you and guide you through the creation process.

Wills

A will is a fundamental estate planning document that outlines your wishes for the distribution of your assets to your family after your passing.

An estate planning lawyer will help you draft a last will that is legally sound and reflects your specific desires.

Power of attorney

A power of attorney grants legal authority to another person to manage your finances or healthcare decisions in the event you become incapacitated.

We can help you establish both financial and healthcare power of attorney documents.

Beneficiary designations

Certain financial accounts, including retirement plans and life insurance, let you directly name someone to receive the money after you pass away.

Our attorneys can advise you on beneficiary designations to ensure your wishes are carried out.

Asset protection planning

Legal strategies can be implemented to safeguard your interests and hard-earned assets from creditors, lawsuits, and long-term care costs.

An estate planning lawyer can help you develop an asset protection plan that aligns with your goals.

Estate tax planning

For high-net-worth individuals, minimizing estate taxes is crucial. We can develop strategies and coordinate with financial institutions to reduce your estate tax liability and maximize the assets passed on to your family.

Estate planning is an investment in your family’s future. By creating a clear and comprehensive plan with a trusted estate
planning lawyer in Oak Brook, you gain peace of mind knowing your loved ones are protected and your wishes are respected.

Why Oak Brook families trust Tuohy Law Offices
for their estate planning and legal needs

Read what our clients have to say about our estate planning services:

Frequently Asked Questions

How could not having an estate plan cause problems for my loved ones?

According to Illinois estate planning law, your property may be subject to probate if you don’t have an estate plan. Going to probate court is a lengthy and costly legal process that can lead to disputes among family members and delays in distributing assets. Additionally, without a credible probate attorney and clear directives, your assets may not be distributed according to your wishes. An estate planning lawyer can help you avoid these legal issues by providing expert legal representation and creating a customized estate plan.

I’ve heard trusts are better than wills. Is that true?

While trusts offer some advantages over wills, like avoiding probate, they aren’t always the best fit for everyone. Our law firm can discuss the pros and cons of each option and help you determine what’s best for your situation.

How much does estate planning cost?

The cost of estate planning can vary depending on the complexity of your situation. If you’re looking to create a will, trust, or other estate planning documents, our law firm offers free consultations with an estate planning lawyer to discuss your needs and provide you with a personalized quote.

How often should I review and update my estate plan, and does Tuohy Law Offices provide ongoing support?

It’s essential to review your estate plan periodically, especially after significant life events such as marriage, divorce, birth of children, death of a family member, changes in financial circumstances, or updates to your investments. Our law firm offers ongoing support to ensure your plan remains current and aligned with your objectives. We’ll proactively reach out to you to schedule reviews and update your estate plan as needed.

Does estate planning cover personal injury or medical malpractice?

Estate planning from Tuohy Law Offices focuses on managing your assets and wishes after you pass away, not personal injury or medical malpractice.