Planning for Success with a Team you can Trust
When a death is imminent, such as when a loved one goes into hospice or receives end-of-life care, the estate’s executor can prepare for probate and ensure that the estate administration process proceeds smoothly and efficiently. Here is a detailed list of tasks...
If you’re a property owner in Illinois, it is crucial to understand what happens during probate and how it can complicate real estate matters, especially when multiple heirs are involved. This process can be time-consuming and confusing, but with proper planning, you...
Buying a home is one of the most significant financial decisions many Illinois residents make in their lifetimes. As such, home buyers should explore various options that can protect their assets and provide potential benefits in the long run. One such option is...
One of the most important parts of estate planning is naming a beneficiary. This allows Illinois residents to distribute their assets to their family, friends, or organizations. Sometimes, a beneficiary is unable to receive the assets. By naming a contingent...
As a millennial, you may have a lot of expenses, including student loans, mortgages, car payments and the like. Creating an estate plan is possibly one of the furthest things from your mind. Nevertheless, it's essential to start thinking about certain aspects, even if...
If you haven't started developing an estate plan in Illinois, you may have some misconceptions about the process. It's not a lofty document only for extremely wealthy individuals, but an essential set of papers that define your wishes for your care before your death...
If you are creating an estate plan in Illinois, you may be wondering whether a dynasty trust would be a good option for your situation. If you want to preserve wealth across generations, it may be the right choice for you, but it is important to understand what a...
There are plenty of reasons for Illinois residents to want to downsize. Minimalism continues to become a popular lifestyle choice for millions of people across the country, and many people choose to downsize when they get older and begin the estate planning process....
The unequal inheritances for children is a controversial and sensitive issue for Illinois families. While some parents choose to distribute their assets equally among their children, others may divide their estate unequally, leaving more to one child than another....
In December 2017 President Trump signed the Tax Cuts and Jobs Act. This reform impacts different financial and tax planning areas, particularly estate planning. What does this mean for your estate plan in Illinois? Changes to the estate tax exemption The estate tax...