Planning for Success with a Team you can Trust
A trust can play a crucial role in safeguarding your family home from potential risks and ensuring a smooth transition from you to your heirs when the time comes. If you place your home in a trust, you achieve key benefits that enhance protection and give you more...
Congratulations on the purchase of your new home! Whether this is your first home or you are upgrading or downsizing from your current home, the purchase of a home is a big event in your life. When major life events occur, it is important that you have a plan in place...
Most people believe that receiving a large inheritance from a loved one would be life-changing. At least one study, however, found that about one-third of Americans who had received an inheritance eventually experienced a decrease or no change in their wealth after...
The death of a loved one is never easy. Regardless of your relationship with the deceased (for example, a relative, significant other, or close friend), you need space and time to process and grieve your loss. Once you have had time to cope with all that has happened,...
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...