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Lombard estate planning lawyerWhen most people are asked about the concept of estate planning, they immediately think about a will and how it can be used to determine what will happen to a person’s assets and property upon his or her death. A will is certainly one of the cornerstones of a comprehensive estate plan, but on its own, a will is not always enough. There are four major elements of estate planning, and an experienced attorney can help you address each one properly.

Protecting Your Property During Your Lifetime

While estate planning is largely focused on what will happen after you die, the process also includes ensuring you have enough financial security to live out the rest of your life as you see fit. Investment strategies and savings, of course, are important, but you may also want to take steps toward protecting your family business or income-generating real estate holdings. You should also consider assigning power of attorney for property to a trusted person who can make decisions regarding your affairs in the event that become incapacitated and unable to make such choices for yourself.

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