Estate Planning: 101

8500 East State Street,Rockford IL 61108

21 February, 2023

Description

Estate planning is is an essential service that every person, family, and business owner needs. It’s the only way to protect your loved ones and your hard-earned money once you are gone — whether you have $5,000 or $5 million. During this seminar you will learn: Why does someone need an estate plan?What documents make up an estate plan?What is the difference between a will and a trust?Who do you need on your estate planning team?What are current laws that affect estate planning?Plus more!We will have a time for Q+A at the end! Light refreshments will be provided. Did you know? Without an estate plan, families can anticipate that the average uncontested probate case in the state of Illinois costs about $5,000 and takes over a year to process. This means that your loved ones will not fully have control of your assets until this process is over. Having an estate plan in place can minimize taxes, allow your assets to bypass probate, lower the cost of any fees associated with probate, and reduce fighting within families.