A Commitment
to Each Client.
Couples often do their estate planning together, if only to make certain that they both have all of their bases covered and are on the same page. Most of the time, couples choose either mirror wills or mutual wills. Mirror wills Mirror wills are essentially two...
The creation of an Illinois estate plan can protect someone’s interests as they age and can establish a legacy after they die. Unfortunately, the best intentions of testators can end up undermined by the conduct of their family members. Children, grandchildren and...
When making an estate plan, it’s important to be aware that the transfer of assets can take some time. Just because you chose a specific beneficiary to inherit a certain amount of money does not mean that they take control immediately when you pass away. The estate...
Are you looking at a sudden, unexpected influx of asset? Whether you recently won a lottery or received a large personal injury settlement, transitioning from an average annual income to significant wealth requires careful planning. For most people, the urge to...
Trusts are very popular ways of making sure that an estate’s assets do the most good and fulfill a testator’s wishes over the long run. Having the right trustee to manage and administer a trust is, naturally, critical. What happens, then, if you have lost faith in a...
Granting power of attorney is a crucial decision that requires careful consideration. This legal process empowers an individual, known as an attorney-in-fact, to act on your behalf in various legal and financial matters. This authority usually only comes into play in...
Over the past decade or so, you may have noted that your online presence and digital assets have become nearly as significant as many of your physical possessions. If so, you’re not alone. And it’s due to this trend that digital estate planning is becoming...
Your executor will perform crucial duties. From managing your estate to keeping beneficiaries and interested parties reasonably informed. Thus, it's crucial to reimburse them for their services. This can be a no-brainer if you hire a professional executor. But you can...
When some individuals decide to make an estate plan, they just pay attention to their largest assets. Who gets the family home? What happens to the vacation home or the cabin? How do they divide their investment portfolio or a substantial bank account? They focus on...
When creating your estate plan, your primary focus is likely on ensuring your assets get passed down to your beneficiaries as you intend. While that’s undoubtedly an important goal, you should also do what you can to protect those assets – and your broader interests –...
