1580 S. MILWAUKEE AVE
SUITE 207 HILLTOP EXECUTIVE CENTER
LIBERTYVILLE, IL 60048

PH: (847) 680-1902
FX: (847) 680-0773

Estate Planning & Probate Services

Estate Planning

Estate Planning is an important way to make things easier for your family after you pass away.  It is a form of advance planning where you determine who ingerits your assets.  It also allows you to determine when and how your assets are distributed to your beneficiaries.  If you have minor children or you are empty nesters, Marlon Suskin will meet with you to discuss different estate planning options in order to set up an estate plan that will meet your prospective needs.  Below are explanations of different estate planning tools that Mr. Suskin can discuss with you.

  1. Simple will – declares a person’s wishes as to the welfare of his or her children and the distribution of his or her assets after one dies
  2. Trust – a trust is a legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the current state and the valid trust instrument.  A trustee manages the assets in the trust pursuant to the trust agreement.
  3. Testamentary trusts – a trust created within a will that does not go into effect until the death of the settler.  The trust will hold the settlers assets for the benefit of the beneficiary and will be distributed to specific beneficiaries when they meet certain requirements (i.e. certain age)
  4. Living Trust – A trust created and in effect during the settlor’s lifetime for the benefit of that person or another person.  This trust is used to protect assets from going through probate at the time of the settlor’s death.
  5. Bypass Trust – This is an estate planning tool whereby a deceased spouse’s estate passes to a trust rather than to the surviving spouse.  The purpose is to reduce the likelihood that the surviving spouse’s subsequent estate will exceed the estate tax threshold (i.e.  type of tax shelter)
  6. Power of attorney for healthcare – a document that appoints an agent to make healthcare decisions for the person named on the document.
  7. Power of attorney for property – a document that appoints an agent to take care of a person’s financial affairs if one is unable to make those decisions due to inavailability or incapacity.
  8. Living Will – a document that governs the withholding or withdrawal of life-sustaining treatment from an individual in the event of an incurable or irreversible condition that will cause death within a relatively short time and when such person is no longer able to make decisions regarding his or her medical treatment.

 

Probate Cases

Probate is a court supervised legal process where a deceased person's estate is administered.  Mr. Suskin is very experienced handling all types of probate related matters.  He will make the experience easier for the appointed executor or administrator of the estate during a difficult time.  Probate services include the following:

  • Organizing and collecting assets on behalf of the heirs or family
  • Drafting and filing all court documents
  • Appearing on behalf of the estate in court
  • Working with the necessary parties to liquidate all assets and pay necessary bills and taxes,
  • Assisting with the distribution of property to the proper parties.