AuBuchon Law, LLC logo

Providing Families Peace of Mind

FAQs

AuBuchon Law, LLC

Have a question regarding our legal services? We have the answer. Check out these FAQs and give us a call today for more information!

  • What is the difference between a will and a trust?

    • Will: A legal document that specifies how your assets are distributed after your death. 
    • Trust: A legal entity that holds and manages assets during your lifetime and after your death, often allowing your heirs to avoid probate.

  • Do I need an estate plan if I don’t have significant assets?

    Yes, estate planning is not just about wealth. It ensures your healthcare wishes are honored, assigns guardians for minor children, and protects loved ones, no matter the size of your estate.

  • How often should I update my estate plan?

    Review your estate plan every 3-5 years or after major life events including marriage, divorce, the birth of a child, or acquiring significant assets.

  • What happens if I pass away without a will in Illinois?

    If you pass away without a will, Illinois law determines how your assets are distributed, which may not align with your wishes. The process is called intestacy. It can lead to delays and increased costs for your heirs.

  • Can I include specific instructions for my pets in my estate plan?

    Yes, you can. You can develop a pet trust to ensure your pets are cared for and specify how funds should be used for their welfare.

Share by: