When starting the estate planning process, you may hear the term “legacy planning.” There is a current trend to replace the former with the latter to give a fresh face to the process. Is estate planning and legacy planning synonymous? Yes, and no. Everyone has an...
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Month: September 2021
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Dynasty trusts and preserving family wealth
A dynasty trust carries on from one generation to the next. Unlike other irrevocable trusts, dynasty trusts are not subject to the anti-perpetuity rule that ends most trusts after some time. They last forever, as long as there are assets held in the trust. You may...
Does Illinois enforce no-contest clauses in wills?
No one likes the idea of their family tearing itself apart with lawsuits and will challenges after they are gone. That’s why many Illinois residents who create their wills insist that their attorneys include a no-contest clause, in an attempt to force their family...


