August is National Make a Will Month and now is as good a time as ever to remind you to create a will, or review an existing one, if you haven’t already. A will is one of the most important legal documents to your name in life, which means you should never die without a will. It outlines which pieces of property you want to distribute and to whom. It also explains your final wishes, such as who will become guardian of your minor children, should you have any at the time of your death.
Under Illinois law, if you die intestate (without a will), your property will be transferred to family members. If no known relatives can be found, your property will be transferred to the state. Intestacy laws of Illinois prevent unmarried partners or friends from receiving your property because they have no legal claim to it.
Illinois does not pass any of the following property through intestacy laws should you die without a will:
During National Make a Will Month, its good to consider that should you die without a will in Illinois, your property will be distributed using the following:
Speak to a will and trust attorney today about creating a will to protect your financial interests and heirs.
Realizing you are living without a valid will brings a lot of stress and worry, especially if you have children. You should speak to a will and trust attorney because they will be able to ensure the following:
Our Oak Brook estate planning attorney can help clients in the following areas:
August is National Make a Will Month. Do you have questions about creating a will? Are you ready to create a will or make updates to a current will? The Oak Brook estate planning attorney at the Estate & Probate Legal Group can answer all of your questions and walk you through the process. Call our office at 630-864-5835, or submit our contact form to schedule an appointment today. We serve clients in Cook, DuPage, Kane, Lake and Will Counties.