Chuhak Chats & Tecson Tips: National Make-A-Will Month (Part 1)

Bryan Montana, Estate Planning attorney at Chuhak & Tecson, P.C., reminds everyone that August is National Make-A-Will Month. This August, join us as we delve into the world of wills and estate planning. We’ll explore a few topics to shed light on crucial information that you should know. Let’s kick off the series with this pressing question.

What happens if I don’t have a will?

We often hear: “Turn 18? Time for a will!” But why? In Illinois, if someone dies without a will, the legislature lays out the pecking order of beneficiaries. If someone dies with a spouse and children, half of the estate goes to the surviving spouse and the other half to the children. If someone dies without a spouse, but with children, all of the estate goes to the children; and if someone dies without a spouse or children, assets pass to parents, then to siblings, etc. This may or may not reflect your intentions.

Regardless, by taking the time to speak with a trusted estate planning attorney, you can be certain that your wishes are respected — and even explore more efficient ways to leave assets to family, friends and charity. Stay tuned for the next post on how to avoid the courts!

For more information on wills, Medicare, elder law concerns and all estate planning questions, please contact one of Chuhak & Tecson’s Estate Planning or Elder Law attorneys who will be pleased to assist you.