Planning for Success with a Team You Can Trust
If you are close to retirement or helping your aging parents with their future plans, it is essential to think about health care needs that might arise later. This includes planning for the cost of Medicare and protecting Medicaid eligibility. How can you prepare for...
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...
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....
Estate planning in Illinois is crucial to managing finances and ensuring that assets are distributed according to your wishes after you pass away. In planning your financial future, it's helpful to understand the different tools and strategies available to help you...
When it comes to estate planning, one of the most important decisions you will make is who will be in charge of carrying out your wishes. Two of the most common choices are a trustee and/or an executor. Both have their own set of responsibilities, so it's important to...
Illinois residents who are at the beginning of their estate planning journey might think there’s only one type of last will. However, there are many different types of wills that can be used as extra protection for your estate plan. What is a pour-over will? A...