Make Estate Planning Your New Year’s Resolution!

Many of us made New Year’s resolutions at the start of 2021. Especially following the many trials and tribulations of 2020, we want to start anew. Many times, our resolutions involve improving our financial health, taking up a new hobby, or finally doing something we’ve put off for a long time. Why not combine all three and make your 2021 New Year’s resolution planning your estate?

At Barry Law, Inc., we understand that estate planning can seem incredibly intimidating before you get started. After all, it involves discussing topics that can be difficult, sensitive, and confusing. With a skilled and experienced estate planning attorney helping you through the process, however, planning your estate can be a thoughtful and comforting process that leaves you with peace of mind. Kevin Barry takes pride in making legally intricate estate planning topics like wills, trusts, powers of attorney, and estates approachable—and in ensuring that clients leave Barry Law, Inc. with an estate plan that meets their needs.

Why should you prioritize planning your estate? Like many people, you may have put it off thinking that you’ll always have time down the road to get to it, or that your family knows what you want and will effect your wishes after you pass. Unfortunately, both of these lines of thinking can land you and your loved ones in serious trouble and without enough assets to support them after you pass. Taking the initiative to begin the estate planning process cans save them time—and money—down the road.

It’s very common for people in their twenties, thirties, and forties to put estate planning on the back burner. Many people are focused on paying off student loans, car loans, and mortgages and mistakenly think they do not have enough assets to be valuable. However, the younger you are, the easier it is to start estate planning! For most people, estate planning is not a once in a lifetime event, but rather a lifelong process that shapes decisions on investments, insurance, real estate purchases, and other financial matters. Estate planning in your earlier stages of life can be thought of setting a goal for how you want to provide for your loved ones, which helps you focus on getting there.

Many new estate planning clients in their fifties, sixties, seventies, and eighties find estate planning to be too overwhelming, and are struggling to balance difficult situations like health issues, dependent adult children, or unexpected financial hits later in life. No matter what your assets look like, how many beneficiaries you have, or any complicating life factors, a skilled estate planning attorney can help you craft a strong estate plan! As difficult to assess your situation may currently seem, think of how much more difficult it will be for your loved ones to sort through it all after you pass without some sort of guidance from you.

At Barry Law, Inc., we know that estate planning can seem overwhelming, but there’s no better time than the new year to get started! Kevin Barry takes pride in helping clients from all walks and stages of life navigate the estate planning process, and is ready to answer your questions and help you create an estate plan that meets your needs. Please contact us at 77.779.6100 to schedule a n0-obligation appointment today.

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Meet Kevin Barry

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For over a quarter of a century, Kevin Barry has provided quality legal representation to clients in the Chicagoland area. Mr. Barry has dedicated his legal practice to all aspects of real estate matters, estate planning, probate estates, guardianshi… Read More

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