Sivia Law Family Estate Planning

Your estate is comprised of everything you own – your assets, belongings, savings, and more. Creating your will is a powerful estate planning instrument that states what you want to happen to your money and your property after your death.


If you have children, a will should also contain your choice for who will act as a guardian for your children. By leaving these clear instructions in a legally enforceable document, you can be sure that your wishes are carried out and help prevent disputes among your family members.


There are numerous pitfalls that can occur when drafting your will without the guidance of an experienced wills and estates lawyer. We are here to help you create a powerful plan with the objective of carrying out your wishes.

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Common Misconceptions

  • Only for the Wealthy

    One common misconception is that estate planning is only necessary for the wealthy. 


    In reality, estate planning is essential for individuals and families of all income levels.

     

    It involves more than just distributing assets—it encompasses decisions about healthcare, guardianship for minor children, and end-of-life wishes, ensuring that everyone's needs are addressed regardless of financial status.

  • It's Only About Wills

    While wills are a crucial component of estate planning, they are not the only document to consider. 


    Other essential elements may include trusts, powers of attorney for healthcare and finances, and beneficiary designations on retirement accounts and life insurance policies. 


    Each of these documents plays a vital role in ensuring that your wishes are carried out effectively and efficiently.

  • One-and-Done Process

    Estate planning is not a one-time event but rather an ongoing process that should be reviewed and updated regularly to reflect changes in your life circumstances and the law. 


    Major life events such as marriage, divorce, births, deaths, or significant financial changes may necessitate revisions to your estate plan to ensure that it remains current and effective.

  • Only for Older Adults

    Many people mistakenly believe that estate planning is only necessary for older adults. 


    However, unexpected events such as accidents or illnesses can occur at any age, making estate planning essential for adults of all ages, especially those with dependents. 


    Starting early allows individuals to establish a solid foundation for their estate plan and make adjustments as their life circumstances evolve.

"Estate planning is not just about leaving a legacy, but about protecting your loved ones and ensuring their future security. It is a proactive step towards asset protection and a way to plan ahead for the uncertainties of life. By taking action now and creating a comprehensive estate plan, you can provide your family with the peace of mind they deserve."

Sivia Law Blog

Choosing Your Decision Makers

February 21, 2025
Estate planning is about more than just dividing assets; it’s about making sure your wishes are honored when it comes to your health, finances, and legacy.

Legal Steps to Take Before a Medical Procedure

February 14, 2025
Beyond understanding the medical aspects, there are critical legal steps you should take to safeguard your rights, clarify your wishes, and prepare for any unexpected situations.

When Parents Leave Children Unequal Inheritances

February 7, 2025
Estate planning is a sensitive and complex process that often involves difficult decisions. One of the most challenging choices parents may face is whether to leave their children unequal inheritances.

Will Your Loved Ones Have to Pay an Inheritance Tax?

January 31, 2025
In this blog, we’ll break down inheritance and estate taxes in Illinois and Missouri, helping you understand what to expect and how to plan accordingly.

A Trust Only Works if It’s Properly Funded

January 24, 2025
At our firm, we emphasize the importance of proper trust funding. This crucial step ensures that your trust will work for you and your loved ones when you need it most.

Easing the Mental Load of Estate Planning

January 17, 2025
Estate planning often feels like an overwhelming task, conjuring images of endless paperwork, difficult decisions, and tough conversations. It’s a process that involves contemplating the future—sometimes in ways that are deeply personal and emotionally taxing.

The Sandwich Generation: Balancing Care for Kids & Parents

January 10, 2025
The “sandwich generation” refers to adults balancing the dual responsibilities of raising children while caring for aging parents. While this can be rewarding, it’s also overwhelming, especially when thinking about everyone’s future.

Year-End Financial & Legal Checklist

December 27, 2024
As the year draws to a close, it’s essential to take stock of your financial and legal matters. A well-organized year-end review can help you ensure compliance, avoid surprises, and set clear goals for the year ahead.
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