It's important to pay attention to the beneficiary designations on all of your financial accounts. Failure to fill out such a designation properly -- or to update it after a change in circumstances -- could create a serious problem for your entire estate plan.One...
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Month: November 2017
Late rap star’s son and widow engaged in fight over final will
Illinois rap fans of the 1980s may remember Eazy-E and his record label, Ruthless Records. As sometimes happens following deaths of loved ones, two of his family members are currently facing off in a dispute over his will. His son has stated that he believes his...
Estate planning and administration not at top of everyone’s list
In Illinois and throughout the nation, more people than not fail to execute solid estate plans. In fact, where the whole estate planning and administration process is concerned, only about 42 percent of people have final wills in place. A last will and testament is...
Estate planning and administration can be a gift to loved ones
In Illinois and elsewhere, the topic of mortality does not make many people's Top 10 lists of favorite conversations. Many people shy away from such topics because they want to focus on living rather than the fact that they are going to die someday. This hesitance...
Basic tips for selecting a trustee
There may come a point when you realize that creating a trust is the best decision you can make from an estate planning perspective.Although there is a lot that goes into this process, most people find that they're able to put themselves in a better place sooner...
Heirs and beneficiaries don’t always agree to estate plan results
When an Illinois resident executes an estate plan to distribute his or her assets to various family members or others, documents may be customized to suit individual wishes and long-term goals. For instance, many estate owners include advanced medical directives in...
