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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One of the biggest problems in estate planning and probate involves outdated wills.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...
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...
As technology advances, Illinois has kept pace with the times by adopting laws that allow for electronic wills and remote witnesses. This technology is crucial for modern estate planning and administration, enabling individuals to create and execute their wills from...
Some Illinois residents make the mistake of believing that only the very wealthy need estate planning. However, if you plan to leave any assets behind to your loved ones, estate planning may make the inheritance process go more smoothly for them. Last will and...
End-of-life discussions are difficult for everyone. But the discussions are even more challenging when individuals with intellectual and developmental disabilities are involved. If you live in Illinois and you have a loved one with special needs, you should be aware...