A Commitment
to Each Client.
When someone makes an estate plan, they decide how they want to distribute their assets. Certain people may expect to inherit, such as children or a spouse. Disinheriting someone means cutting them out of the estate plan despite this expectation. Not everyone can be...
Individuals can put together testamentary documents before they die that will determine what happens to their assets after their death. A will can designate specific beneficiaries for someone's resources and name a representative to handle estate administration....
A trust can be a very useful estate planning tool. It can give someone more control over one's legacy and enhanced protection from collection activity later in life. Many people creating a trust transfer significant assets to fund the trust. They may then expect that...
As you probably know, estate planning allows you to arrange your affairs as you please and ensures that your final wishes are fulfilled upon death or incapacitation. Everyone can benefit from an up-to-date estate plan, but it may be even more critical for those with a...
As you may know, an estate plan must be reviewed and updated to reflect changes in your life or assets. Another reason is due to new and changing laws and regulations. One new law, the Corporate Transparency Act, may significantly impact your estate plan if you plan...
When many people are focused on estate planning, they are merely thinking about the future. They write a will describing which heirs and beneficiaries should get specific assets when they pass away. They will then wait for that day, and the estate executor handles the...
Estate planning allows someone to take control over their resources and provide for the needs of their closest family members. Under Illinois state law, most adults have the legal authority to draft estate planning documents. Unfortunately, sometimes those left behind...
Ending a marriage is never easy. For months or sometimes even years, your divorce may consume all your energy and dominate your thoughts. Reviewing and updating your estate plan is probably the last thing on your mind. Unfortunately, it is risky to put off this task,...
When many people create their estate plans, they often think that there’s nothing left to do. As a result, many estate plans end up collecting dust, figuratively speaking. However, there’s a glaring issue. While an estate plan doesn’t expire, it may need to be...
A will is a crucial component of any estate plan. This legal document sets out instructions on how your assets should be divided upon your death. In your will, you are also able to nominate legal guardians who can look after your young children should you pass away. ...
