Illinois Estate Planning

Estate Planning helps manage your assets and legacy. Our attorney-drafted templates are quick and easy to complete.

intro Estate Planning

Common Illinois Estate Planning documents

  • Last Will and Testament — outlines how to distribute your assets after death.
  • Power of Attorney — designates someone to handle your affairs if you are unable.
  • Living Trust — manages assets during your lifetime and specifies distribution after death.
  • Healthcare Directive — outlines your medical wishes if you cannot communicate them.
  • Living Will — specifies your preferences for end-of-life medical care.
  • Probate Documents — facilitate the legal process of settling an estate.

Similar documents: key differences

  • Last Will vs. Living Trust — a will distributes assets after death, while a trust manages them during life.
  • Power of Attorney vs. Healthcare Directive — a POA manages financial matters, while a healthcare directive addresses medical decisions.
  • Living Will vs. Healthcare Directive — both express medical wishes, but terminology may differ across states.
  • Probate vs. Non-Probate Assets — probate assets go through court, while non-probate assets transfer directly.

How to get started

Start in minutes with these steps.

  • Find a template or package that fits your situation.
  • Review the description, preview, and signing requirements.
  • Get full access with a subscription.
  • Complete it in the online editor.
  • Export or send: download, email, USPS mail, notarize online, or send for e-signature.

FAQs

Estate Planning helps manage and allocate your assets according to your wishes.

An Estate Plan often includes a will, power of attorney, and healthcare directive.

Review your Estate Plan after significant life events, like marriage or the birth of a child.

A Living Trust manages your assets during your lifetime and specifies distribution after death.

Glossary

  • Estate - All assets owned by an individual at their death.
  • Will - A legal document outlining asset distribution after death.
  • Trust - An arrangement for managing assets on behalf of beneficiaries.
  • Power of Attorney - Legal authority to act on someone’s behalf.
  • Healthcare Directive - Document specifying medical treatment preferences.
  • Probate - The legal process of administering a deceased person's estate.
  • Beneficiary - An individual entitled to receive assets from an estate.
  • Executor - The person responsible for carrying out the terms of a will.
  • Living Will - Document detailing end-of-life medical care preferences.
  • Legacy - What you leave behind for future generations.

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