An estate plan is a legally enforceable framework to assure that your property is safely kept, invested, and managed for your benefit; the benefit of the people who are most important to you; and, ultimately, is distributed to the persons or charities you favor.Torch Legal provides any of the essential estate planning instruments, including:
As appropriate for your objectives, preferences, and personal financial circumstances.
Legal will prepare your personalized estate plan. When ready, we will
meet again to review, explain and finalize your documents. We will
then conduct a formal signing that includes witnesses and
notarization, as required by law.
When your estate plan is finished, you will have peace of mind knowing that your intentions have been clearly stated in legal documentation.
We understand estate planning. Call us to schedule your first appointment at (815) 477-1700.
Torch Legal provides effective legal
representation for probate executors, administrators, and trustees and
is a legal process by which an estate, consisting of all property
owned by a deceased, is inventoried, administered, accounted for, and
ultimately transferred to the persons designated in a will, or to the
rightful heirs. Although many property transfers can be accomplished
without probate, an estate over $100,000 in value requires probate.
With independent administration, court appearances and legal fees are minimized. Alternatively, heirs may contest wills, and probate may be court-supervised, if necessary, to protect the rights of heirs and creditors.
Guardianship for disabled adults is a legal process wherein a court appoints a guardian to be legally responsible for a disabled person. Guardians are required to inventory assets, account for income and expenditures, and file detailed reports with the probate court.
Trusts usually do not require probate. The designated successor
trustee has the power and authority to manage and distribute trust
income and assets. Trustees are legally accountable to all
beneficiaries of a trust, and beneficiaries have legal recourse
against a trustee who fails to properly administer their trust.
Torch Legal provides legal advice and documentation to enable trustees to fulfill their fiduciary responsibilities, including:
Torch Legal has also
represented beneficiaries in legal action against a trustee who fails
or refuses to disclose, account for, or distribute assets to the
beneficiaries, in accordance with the trust.