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Estate planning is about having conversations with a professional who can help individuals make decisions regarding their estate, both during their life and after their death. This is important because people may live many years beyond their ability to make sound personal and financial decisions. This is becoming more common in today’s society.
Having a well-thought-out plan ensures that all of these decisions are in place, allowing someone to take care of an individual according to their wishes. Additionally, estate planning addresses the distribution of assets after death, ensuring that all of the individual’s wishes are met.
Niles, IL estates & probate attorney Dana Zivkovich discusses estate planning and why it’s important. She explains that estate planning involves working with a professional to make informed decisions about managing an estate both during one’s lifetime and after death. This process is increasingly important as people are living longer, often beyond the point where they can make sound personal or financial choices on their own.
She emphasizes that a well-structured plan ensures decisions are carried out in accordance with the individual’s wishes, providing clarity and security. Estate planning also addresses the distribution of assets after death, ensuring that the individual’s intentions are honored and their estate is managed effectively.