Estate Planning

Practice Areas

Estate Planning & Elder Law

Don't Leave Your Future to Chance

Illinois Estate Planning and Elder Law Attorneys
Stock, Carlson, Oldfield & McGrath LLC

Estate Planning

If something were to happen to you tomorrow, do you know what would happen to your assets? Have you left behind legal documentation governing the allocation of your assets and the transfer of your property to your intended beneficiaries? Failure to leave behind proper estate planning documents can result in costly, time-consuming probate hearings for surviving family members, and potentially leave your assets to people who are not deserving of them, or even to the State.

At the Wheaton, Illinois law firm of Stock, Carlson, Oldfield & McGrath LLC, our lawyers explore trust and will arrangements that facilitate the easy resolution of your specific estate planning needs. Understanding how to avoid potential problems is an important component in every estate plan. Our estate planning attorneys guide you through tax considerations, asset distribution options, and other issues to ensure your wishes are in order.

Not Just Planning for Death

Estate planning should be more that just planning for the distribution of your assets after you are gone. It can also help you maintain, increase, and plan for the proper use of your assets during your lifetime. Estate planning might include setting up a trust to fulfill your obligations to your children under a divorce judgment, while protecting it from the interference of your ex-spouse. It might include protecting the value of your business - or other assets - in the event of your disability.

Advanced Directives

Estate planning should also include advance directives concerning issues of your health and medical care such as Health Care Powers of Attorney and Living Wills. This issue has been in the news lately and has been the subject of heated debate. Whatever your personal feelings on the issue, contact the Wheaton, Illinois law firm of Stock, Carlson, Oldfield & McGrath LLC. We can help you make sure that your health care conforms to your beliefs and wishes if you should become unable to communicate those beliefs and wishes in the future.

Elder Law

Many adult children of elderly parents find themselves in need of guidance when charged with putting their parent's affairs in order. Understanding the documentation and preparation of records needed, our attorneys will work closely with you to provide for the needs of your mother, father or other family member.

Our estate planning lawyers advise, counsel, and represent clients in the following areas of elder law:

  • Living Wills
  • Living Trusts
  • Powers of Attorney
  • Testamentary Trusts
  • Special Needs Trusts
  • Advanced Directives
  • Guardianship Proceedings
  • Simple and Complex Wills

Confronted with Long Term Elderly Care Needs?

Most elderly Americans who own homes may have trouble qualifying for governmental programs. The expensive cost of private health insurance often means seniors are unable to keep their homes to pay for health coverage. Additionally, long-term care is not covered by Medicare.

In many cases, arrangements can be made to help seniors qualify for benefit programs without requiring a liquidation of their assets. The elder law attorneys at Stock, Carlson, Oldfield & McGrath LLC can explain these options and guide you in the right direction. We work directly with trust management companies who can assist you in taking advantage of allowances within the law for providing long term Medicaid coverage to the elderly.

Contact the law firm of Stock, Carlson, Oldfield & McGrath LLC today for more information regarding our practice. We represent clients throughout Cook, DuPage, Lake and Kane County, as well as in the cities of Naperville, Wheaton, Rolling Meadows, and Glen Ellyn.

We accept the following major credit cards:

 

Credit Cards
 
We accept the following major credit cards:
 
We Accept Visa, Mastercard, Discover and American Express