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The Law Office of Dionna Reynolds

Chicago Estate Planning Lawyer

833-878-7837
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  • About Us
    • Dionna Reynolds
    • Tanya S. Hurd Jones
    • Judith Smith Stephney
    • Javier Porcayo
  • Practice Areas
    • Estate Planning Attorney
      • Wills and Trusts Attorney
    • Real Estate Attorney
      • Real Estate Attorney – Investor
    • Eviction Services
    • Professional Notary Services
    • Probate and Estate Administration
    • Property Tax Appeals
    • Quit Claim Deed / Deed Filing Service
    • Nonprofit and Business Formations
    • Corporate Lawyer
  • Book Online
  • Blog
    • Klarna, Afterpay & Buy Now, Pay Later Are Now Being Reported to Credit Bureaus — What You Need to Know and How Bankruptcy Can Help
    • Top Books on Financial Literacy & Estate Planning
    • The Law Office of Dionna Reynolds, LLC Expands with Downtown Chicago Location and Announces New Book Available for Preorder
    • 🌷“Easter, Eggs, and Estate Plans: Don’t Leave Your Family Hunting for Answers”🐣
    • Exciting News: Our New Downtown Office is Now Open—By Appointment Only!
    • Understanding Mechanics Liens: What Contractors and Property Owners Need to Know
    • Probate Horror Stories: What Happens When You Don’t Have a Will
    • Valentine’s Day for Your Business: Show Your Clients Some Love!
    • The Cost of Waiting: Why Estate Planning Can’t Wait
    • Navigating Complicated Real Estate Matters: Why Buying Without a Deed is Risky and How We Can Help You Sell Property
    • New Year, New Opportunities: Empowering Families and Communities in 2025
    • Empower the Future: Teaching Financial Literacy to Youth & Teens
    • New Federal Reporting Requirement for Illinois Businesses: Are You Ready?
    • Local Attorney Dionna Reynolds Wins $10,000 BMO Celebrating Women Grant
    • Why Estate Planning Is Essential for Homeowners and Their Families
    • Back-to-School: A Perfect Time for Both School Supplies and Legal Documents
    • Rooting for Team USA in the Olympics: A Time for National Pride and Personal Preparation
    • Why Now is a Good Time to Pursue Eviction in Cook County
    • Inflation, Interest Rates, and Your Home Buying Dreams: A Mid-Summer Reality Check
    • Don’t Be Left in the Dark: Birth Order Doesn’t Dictate Caregiving Decisions
    • Summer Safety Tips for Your Home: Stay Cool and Secure This Season
    • Navigating a Shifting Market: Tips for Buyers and Sellers in a High-Interest Rate Environment
    • Understanding Guardianship for Adults: Protecting the Elderly with Medical Conditions and Mental Incapacity
    • Understanding Reassessments in Calumet and Bremen Townships: A Guide for Property Owners
    • Unveiling the Wealth-Building Potential of Trusts: A Simple Guide
    • The TikTok Ban: Implications for Real Estate and the Average American
    • Navigating Evictions: A Delicate Balance Between Protecting Rights and Property
    • Empowering Women During Women’s History Month: The Vital Role of Estate Planning and Entrepreneurship
    • Paving the Way: The Role of Real Estate Law in Advancing Civil Rights
    • Happy New Year from The Law Office of Dionna Reynolds, LLC – Here to Help You Achieve Your 2024 Goals!
    • Honoring Loved Ones During the Holidays: Preserving Family Legacies Through Probate
    • “The Gift of Peace: Why Estate Planning is the Perfect Holiday Present for Your Family”
    • “Year-End Surgeries: The Importance of Estate Planning and Power of Attorney”
    • Cybersecurity Impact on Real Estate Closings: A Guide for Clients Using Fidelity National or Chicago Title
    • Navigating Eviction: A Guide for Landlords to Protect Their Investments
    • Navigating Inflation: Financial Tips from Your Trusted Attorney
    • Why Millennials Should Set Up Their Estate Plan Now
    • The Power of Attorney: Why It’s Essential for Your Peace of Mind
    • What is a Real Estate Land Trust?
    • Do Not Be Discouraged When Buying a Home
    • 5 Tips From Attorney Reynolds on How To Sell Your Home
    • Benefits of Homeownership vs. Renting
    • Five Top Reasons to Hire a Real Estate Attorney
    • Frequently Asked Estate Planning Questions – Volume 4
    • Frequently Asked Estate Planning Questions – Volume 3
    • Frequently Asked Estate Planning Questions – Volume 2
    • Frequently Asked Estate Planning Questions – Volume 1
    • Do Not Call Registry
    • ESTATE PLANNING
    • How to Lower Your Property Taxes
    • How to Contest a Will
  • Contact Us
  • Home
  • About Us
    • Dionna Reynolds
    • Tanya S. Hurd Jones
    • Judith Smith Stephney
    • Javier Porcayo
  • Practice Areas
    • Estate Planning Attorney
      • Wills and Trusts Attorney
    • Real Estate Attorney
      • Real Estate Attorney – Investor
    • Eviction Services
    • Professional Notary Services
    • Probate and Estate Administration
    • Property Tax Appeals
    • Quit Claim Deed / Deed Filing Service
    • Nonprofit and Business Formations
    • Corporate Lawyer
  • Book Online
  • Blog
    • Klarna, Afterpay & Buy Now, Pay Later Are Now Being Reported to Credit Bureaus — What You Need to Know and How Bankruptcy Can Help
    • Top Books on Financial Literacy & Estate Planning
    • The Law Office of Dionna Reynolds, LLC Expands with Downtown Chicago Location and Announces New Book Available for Preorder
    • 🌷“Easter, Eggs, and Estate Plans: Don’t Leave Your Family Hunting for Answers”🐣
    • Exciting News: Our New Downtown Office is Now Open—By Appointment Only!
    • Understanding Mechanics Liens: What Contractors and Property Owners Need to Know
    • Probate Horror Stories: What Happens When You Don’t Have a Will
    • Valentine’s Day for Your Business: Show Your Clients Some Love!
    • The Cost of Waiting: Why Estate Planning Can’t Wait
    • Navigating Complicated Real Estate Matters: Why Buying Without a Deed is Risky and How We Can Help You Sell Property
    • New Year, New Opportunities: Empowering Families and Communities in 2025
    • Empower the Future: Teaching Financial Literacy to Youth & Teens
    • New Federal Reporting Requirement for Illinois Businesses: Are You Ready?
    • Local Attorney Dionna Reynolds Wins $10,000 BMO Celebrating Women Grant
    • Why Estate Planning Is Essential for Homeowners and Their Families
    • Back-to-School: A Perfect Time for Both School Supplies and Legal Documents
    • Rooting for Team USA in the Olympics: A Time for National Pride and Personal Preparation
    • Why Now is a Good Time to Pursue Eviction in Cook County
    • Inflation, Interest Rates, and Your Home Buying Dreams: A Mid-Summer Reality Check
    • Don’t Be Left in the Dark: Birth Order Doesn’t Dictate Caregiving Decisions
    • Summer Safety Tips for Your Home: Stay Cool and Secure This Season
    • Navigating a Shifting Market: Tips for Buyers and Sellers in a High-Interest Rate Environment
    • Understanding Guardianship for Adults: Protecting the Elderly with Medical Conditions and Mental Incapacity
    • Understanding Reassessments in Calumet and Bremen Townships: A Guide for Property Owners
    • Unveiling the Wealth-Building Potential of Trusts: A Simple Guide
    • The TikTok Ban: Implications for Real Estate and the Average American
    • Navigating Evictions: A Delicate Balance Between Protecting Rights and Property
    • Empowering Women During Women’s History Month: The Vital Role of Estate Planning and Entrepreneurship
    • Paving the Way: The Role of Real Estate Law in Advancing Civil Rights
    • Happy New Year from The Law Office of Dionna Reynolds, LLC – Here to Help You Achieve Your 2024 Goals!
    • Honoring Loved Ones During the Holidays: Preserving Family Legacies Through Probate
    • “The Gift of Peace: Why Estate Planning is the Perfect Holiday Present for Your Family”
    • “Year-End Surgeries: The Importance of Estate Planning and Power of Attorney”
    • Cybersecurity Impact on Real Estate Closings: A Guide for Clients Using Fidelity National or Chicago Title
    • Navigating Eviction: A Guide for Landlords to Protect Their Investments
    • Navigating Inflation: Financial Tips from Your Trusted Attorney
    • Why Millennials Should Set Up Their Estate Plan Now
    • The Power of Attorney: Why It’s Essential for Your Peace of Mind
    • What is a Real Estate Land Trust?
    • Do Not Be Discouraged When Buying a Home
    • 5 Tips From Attorney Reynolds on How To Sell Your Home
    • Benefits of Homeownership vs. Renting
    • Five Top Reasons to Hire a Real Estate Attorney
    • Frequently Asked Estate Planning Questions – Volume 4
    • Frequently Asked Estate Planning Questions – Volume 3
    • Frequently Asked Estate Planning Questions – Volume 2
    • Frequently Asked Estate Planning Questions – Volume 1
    • Do Not Call Registry
    • ESTATE PLANNING
    • How to Lower Your Property Taxes
    • How to Contest a Will
  • Contact Us
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Wills and Trusts Attorney

The last thing you want to think about is what will happen after you pass away. While this feeling is understandable, it’s also important to plan for your death and even incapacitation to ensure maximum protection and minimum stress for your loved ones. This is where a strong estate plan can make a huge difference.

At the Law Office of Dionna Reynolds, LLC, we can help you draft detailed estate planning documents that are tailored to meet your specific needs. They include wills and trusts designed to ensure that your wishes are carried out when you can no longer express them yourself.

Wills

According to a 2019 survey from Caring.com, 76% of respondents thought a will was important, but only 40% actually had one. Those who didn’t have wills cited reasons like lack of assets and not knowing how to get started.

Contrary to popular belief, you don’t need to have a sizable estate to benefit from a will. As a basic element of estate planning, you can use it to:

  • Identify the beneficiaries who will inherit your property
  • Name a guardian for your minor children
  • Appoint someone to manage your minor children’s property until they reach legal age
  • Name a representative to ensure the terms of your will are carried out

You can prepare a will with as little or as much detail as you wish. It can even be used to set up trusts for the benefit of your spouse, a loved one with a disability, and/or for minor children. Having a will can ensure that your wishes will be carried out as intended, as there is some court supervision over the probate process.


Trusts

Trusts can be set up to support a wide range of estate planning goals. While their primary benefit is to help you minimize estate taxes and avoid the expense of probate, you have different options, some of them intended for very specific purposes. Common examples include:

  • Revocable living trusts that help you avoid probate, ensuring a bigger inheritance for your beneficiaries.
  • Irrevocable living trusts that protect your estate from creditors and can help you qualify for needs-based government programs such as Medicaid.
  • Irrevocable life insurance trusts that remove the death benefit of your life insurance policy from your taxable estate. 
  • Special needs trusts that provide for the future of vulnerable loved ones.
  • Qualified personal residence trusts that remove the value of your residence from your taxable estate with little or no gift taxation.
  • Credit shelter trusts to reduce Illinois estate taxes for your spouse.

When you’re planning for your family’s future, an experienced legal professional can help make the process less daunting. That’s where the experienced and compassionate estate planning team at the Law Office of Dionna Reynolds, LLC can help. 


FAQs

Q. What if I Die Without a Will in Illinois?

If you die without a will, your property will be distributed according to the Illinois laws of intestate succession, which may not necessarily be in accordance with your wishes. For example:

  • If you are survived by a spouse and children, your spouse receives half of your estate and the children split everything else. If any children have predeceased you, their share will pass on to their children.
  • If you’re only survived by your spouse, they inherit your entire estate. If you have children but no spouse, the estate is split equally between them.
  • If you have no spouse or children, your parents and siblings typically inherit everything in equal shares. Should you have no immediate family, succession moves to more distant relatives, such as aunts, uncles, and cousins. If you have no surviving family members who can be located, the estate escheats to the county where you lived.

Drawing up a will can ensure that your money and property go directly to your chosen beneficiaries and prevent an outcome you would never have wanted.

Q. Do I Need a Will or Estate Plan if My Property is Owned Jointly?

Yes. In some cases, joint tenancy can be part of an estate plan, but it does not cover all scenarios or contingencies, such as what happens after the death of the surviving joint tenant. Regardless of how your assets are titled, they should be addressed in a will or trust, to ensure a degree of certainty over how they end up being distributed.

We will sit down with you, review all of your assets, and come up with wealth preservation strategies that include scenarios like joint tenancy. We will use our understanding of Illinois wills and trusts law to craft a solution that gives you peace of mind.

Q. Do I Need an Attorney to Create a Will or Trust?

There are a lot of DIY will kits and other estate planning tools that purport to create valid legal documents. While they may be more affordable, the mistakes that can arise from using a templated document can cost you and your family even more later on.

If you hire an estate planning attorney from our law firm, you can rest assured that your estate plan is both legally valid and structured according to your unique wishes and needs. We can also help you update your will or trust as your life circumstances change. Doing estate planning on your own all too often results in expensive and embittered litigation, unnecessary delays, and tax-inefficient transfers of property.

Let Us Help You Plan for the Future

At the Law Office of Dionna Reynolds, LLC, we will listen to your goals, evaluate your situation, and help you understand your legal options. We will also:

  • Give you straightforward advice about using a will or a trust as part of your estate plan
  • Help you craft comprehensive estate planning documents that meet your needs
  • Provide advice regarding estate and gift taxes and proper titling of assets

Attorney Dionna Reynolds and her team are dedicated to providing clients with comprehensive, quality, and compassionate legal guidance in the Chicagoland area. To schedule a consultation, call 833-878-7837 or contact our office online.

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Client Testimonials

Attorney Reynolds handled the purchase of our condo and was excellent! She made sure we understood every detail and was available for our many questions. I will certainly engage Attorney Reynolds in future real estate matters.

L.S

Super knowledgeable and friendly office of attorneys and staff that area always willing to offer sound advice or just a listening ear. I highly recommend the Law Office of Dionna Reynolds to all my real estate clients both buyers and sellers to ensure they have proper counsel and a smooth transaction!

B.H

I had a great experience working with Attorney Reynolds and her team. They put the clients first, respond fast to messages. If you want a first class experience, contact Attorney Reynolds.

K.J

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    Chicago, IL 60604
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