Why Choose Wator & Associates, P.C. for Estate Planning?
At Wator & Associates, P.C., we understand that estate planning is about more than just a will—it’s about safeguarding your financial legacy and reducing stress for your family. Our comprehensive services cover all areas of estate planning, including:
• Wills and Trusts: Drafting clear, legally sound wills and establishing revocable or irrevocable trusts to control asset distribution and avoid probate.
• Tax Minimization Strategies: Leveraging Illinois and federal tax laws to reduce estate, gift, and income taxes, including use of exemptions and charitable planning.
• Powers of Attorney: Appointing trusted individuals to manage your financial and healthcare decisions if you become incapacitated.
• Healthcare Directives and Living Wills: Outlining your medical preferences to ensure your wishes are honored.
• Beneficiary Designations: Coordinating retirement accounts, life insurance, and other assets to align with your estate plan.
• Business Succession Planning: Ensuring smooth transitions for family-owned businesses while minimizing tax liabilities.
• Probate Avoidance: Structuring your estate to bypass costly and time-consuming probate processes.
Our goal is to create a customized estate plan that reflects your unique needs, protects your wealth, and provides clarity for your heirs.
Minimize Tax Repercussions with Expert Planning
Estate taxes can significantly reduce the value of your legacy, but Wator & Associates, P.C. is here to help. Our attorneys are well-versed in Illinois estate tax laws and federal regulations, including the 2025 federal estate tax exemption (projected at ~$13.61 million per individual, adjusted for inflation). We employ advanced strategies to:
• Utilize gifting strategies to reduce your taxable estate.
• Establish trusts to shield assets from estate taxes.
• Coordinate charitable contributions for tax deductions.
• Optimize generation-skipping transfer tax exemptions.
By proactively addressing tax implications, we help you pass on more of your wealth to your loved ones or chosen causes.
Serving All of Illinois with Personalized Care
Wherever in the Chicagoland area, Wator & Associates, P.C. offers compassionate, client-focused estate planning services. We take the time to understand your goals, family dynamics, and financial situation to create a plan that’s right for you. Our team stays updated on Illinois probate laws and tax codes to ensure your estate plan is both compliant and effective.
Get Started Today
Don’t leave your legacy to chance. Let Wator & Associates, P.C. help you build a secure estate plan that protects your assets, minimizes taxes, and ensures your wishes are honored. Contact us today for a consultation!
Call (773) 407-2100
Visit www.myillinoisatty.com
Email: info@myillinoisatty.com
Secure your future with Wator & Associates, P.C.—Illinois’ trusted estate planning experts.