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FAQs: Estate planning questions
Do I need a will or a trust?
It depends on your property, family and goals. A will is enough for many people. A trust helps avoid probate and keep matters private.
What happens if I die without a will in Illinois?
Illinois law decides who inherits, and a court appoints someone to manage your estate. Your wishes may not be followed.
What is a power of attorney?
It names someone to make financial or health care decisions for you if you cannot make them yourself.
How often should I update my plan?
Review it after major life events, such as marriage, divorce, a birth, or a death in the family, or every few years.
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