Many people mistakenly believe that they do not need a will or that estate planning is unnecessary. Whether due to a younger age, few assets, or thinking, “There will be time for that later,” the lack of a will can have many consequences for your surviving family, especially if you have minor children.
Whether you need to create or update a will or estate plan, the skilled estate planning lawyers from Lucas Law can help.
What Does “Dying Intestate” Mean?
This legal term refers to someone dying without a will in place that designates beneficiaries, division of assets, and guardianship for minor children. If this happens, the State of Illinois has laws that govern who can get your assets and how they are distributed. Various potential situations are addressed in these laws to cover things like: