Estate planning is an important step that all Illinois adults should take. It allows you to safeguard your assets and heirs. It’s crucial to pay attention to your beneficiary designations for a variety of reasons. Marriage, divorce or remarriage If you get married,...
All Illinois adults should create an estate plan to protect their assets and loved ones. Because everyone is human and no one is perfect, it’s easy to make mistakes. These are some of the most common ones to avoid and that can result in litigation. Not naming a...
Many Ilinois residents combine various financial instruments when devising their estate plan, including trusts. One of the lesser-known trusts is a qualified terminable interest property (QTIP) trust. Is this type of trust right for your situation? What is a QTIP...
It can be difficult for Illinois residents to know what goes into creating an estate plan. This process can become even more complex when considering elements like joint and separate bank accounts, large families, and properties. Thankfully, there are a few basic...