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Estate planning is about having conversations with a professional who can help individuals make decisions regarding their estate, both during their life and after their death. This is important because people may live many years beyond their ability to make sound personal and financial decisions. This is becoming more common in today’s society.
Having a well-thought-out plan ensures that all of these decisions are in place, allowing someone to take care of an individual according to their wishes. Additionally, estate planning addresses the distribution of assets after death, ensuring that all of the individual’s wishes are met.
Niles, IL estates & probate attorney Dana Zivkovich discusses estate planning and why it’s important. Estate planning involves consulting with a professional who helps individuals make decisions about their estate, both during their lifetime and after their death. This is particularly important, as many people now live well beyond their ability to make sound personal and financial decisions, a situation that is becoming more common.
A well-crafted plan ensures that decisions are made in advance, allowing someone to care for the individual according to their wishes. Additionally, estate planning outlines the distribution of assets after death, ensuring that the individual’s final wishes are honored.