If adult children in Illinois are named as heirs in a parent's will, it is logical to assume they would hope to avoid legal obstacles when the time comes to administer their loved one's estate. In the past, several celebrities have taken legal steps to protect their...
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Month: February 2020
Estate planning: Hot topic after Kobe Bryant’s death
NBA fans, coaches, players and families in Illinois and around the globe recently mourned the tragic death of basketball icon Kobe Bryant, who was traveling with his daughter and several others when their helicopter crashed, leaving no survivors on board. Since the...
Do you worry one family member may challenge your Illinois will?
There is a common saying that one bad apple spoils the bushel. The scientific basis for this statement is the fact that apples give off a ripening hormone. When one apple suddenly spoils, other apples in close proximity may wind up ripening prematurely and rotting as...
Estate planning: Are you concerned with wealth transfer issues?
Thinking ahead is a valuable tool regarding wealth preservation. The Illinois estate planning process can help transfer wealth to heirs or beneficiaries in as tax efficient a manner as possible. The Internal Revenue Code is complex and often difficult to understand,...
How much do your heirs and beneficiaries know about finances?
When an Illinois resident executes an estate plan, there is often a last will and testament included. An estate owner might name heirs and beneficiaries to inherit certain assets after he or she has passed. If those so-named are not at all educated about financial...


