Planning for Success with a Team you can Trust
Many people make mistakes during the estate planning process that can lead to unnecessary complications and stress for their loved ones. What should you avoid? Mistake #1: Waiting to plan One of the most common mistakes is putting off estate planning. Some people...
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...
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....
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...
One of the biggest problems in estate planning and probate involves outdated wills. Unfortunately, it’s not uncommon for Illinois residents to either forget to update their wills, or to assume that they don’t need to make formal changes to the documents. Here are...
As Illinois residents set up their estate plans, they might consider appointing someone to act as their attorney-in-fact. An attorney-in-fact is someone who, despite not having any sort of legal training, is able to make legal decisions on behalf of a different...
Learning that you’re going to be a parent is exciting for any Illinois resident. Your priority now lies in ensuring that you do everything possible to care for your bundle of joy. Estate planning is one of the best ways to start. Create a will Your last will and...
Regardless of your age, writing a will helps ensure that your wishes are respected after you die. Understanding the nature of wills can help you develop an estate plan to provide for your heirs. History of Last Wills and Testaments Ancient Greek and Roman citizens...