Amin Law Offices, Ltd., located in Schaumburg, IL, provides legal counsel and representation to individuals, families and businesses throughout the United States. Our law firm's mission is to establish lasting relationships with our clients built on trust, integrity, excellent service and effective communication, in order to facilitate our clients' achievements.
Through the firm's experienced guidance in legal practice areas including estate planning, estate/trust administration, asset protection planning, business planning, corporate law and real estate, we assist our clients in making important decisions and implementing their goals. Amin Law Offices, Ltd. was founded in 2006 by the firm's principal, Jayal Amin.
Through the firm's experienced guidance in legal practice areas including estate planning, estate/trust administration, asset protection planning, business planning, corporate law and real estate, we assist our clients in making important decisions and implementing their goals. Amin Law Offices, Ltd. was founded in 2006 by the firm's principal, Jayal Amin.
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Many people believe that estate planning is only for people who are particularly wealthy, have elaborate schemes in mind for passing their money to their heirs, or for people who are acutely ill and contemplating their death. This could not be farther from the truth!
Estate planning is for every husband, wife, mother, father, grandparent, business owner, professional, or anyone else who has someone they care about, are concerned about providing responsibly for their own well being and for the well being of those they love, and for anyone who seeks to make a difference in the lives of others after they're gone.
Estate planning is for every husband, wife, mother, father, grandparent, business owner, professional, or anyone else who has someone they care about, are concerned about providing responsibly for their own well being and for the well being of those they love, and for anyone who seeks to make a difference in the lives of others after they're gone.
A revocable trust provides no asset protection for the trust maker during his or her life. Upon the death of the trust maker, however, or upon the death of the first spouse to die if it is a joint trust, the trust becomes irrevocable as to the deceased trust maker's property and can provide asset protection for the beneficiaries, with two important caveats.
If estate planning is the process of designing a playbook, estate administration occurs when the playbook is put into action. The process begins with an event that triggers a provision in your estate plan, such as incapacity or death. The plan becomes 'executory', meaning that the individuals you designated in your plan documents must step into action and execute according to your instructions.
The Charitable Lead Trust is a type of charitable trust that can reduce or virtually eliminate all estate tax on wealth passing to heirs. In order to accomplish this goal, you create a trust that grants to a charity or charities, for a set number of years, the first or 'lead' right to receive a payment from the trust.
Have you been looking forward to the day you can retire, perhaps turn your business over to a son or daughter, or sell it? Even if you are not planning to stop working, you need to plan for the day you cannot run your business due to unforeseen illness or death. Most business owners do not take the time to plan for how they will leave their business.
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