A Commitment
to Each Client.
In estate planning, the needs of artists and creatives can often be unique and complex. Their estates usually comprise tangible assets and a rich tapestry of intellectual property. Preserving and managing this intellectual property necessitates a proactive approach to...
Establishing a trust is a common estate planning strategy that helps to protect and manage assets for the benefit of an individual’s heirs. However, life can inspire surprising changes, and circumstances may make it necessary to adapt the terms of a trust to better...
One of the difficulties of estate planning is being told misleading information. You may need to read this blog post to understand what estate planning facts you’ve been misinformed on. Here’s what you should know: Myth 1: Estate planning is only for the rich Truth:...
Being a business owner has many benefits. Apart from the financial rewards, you become independent and get many learning opportunities. Therefore, it is imperative to protect your investment. While there are many ways to protect your business, trust planning can go a...
Someone who steps into the role of a trustee, as well as those who agree to handle probate proceedings for someone who recently died serve in a fiduciary role. Fiduciaries have a very high duty of obligation to other parties. When it comes to trust and estate...
When one creates an estate plan, they wish to protect their loved ones should they become incapacitated or die. However, in some cases, the protection may not be as smooth as intended. Different factors may lead to disputes, causing loved ones to go to court. If this...
Individuals who have achieved financial stability via smart investments and/or professional success have to think carefully about what they intend to leave for the people they love when they’re gone. It is common for those with significant personal resources to want...
Some individuals with estate plans don’t bother to update them because they assume there won’t be any major changes in their lives. But as the old saying goes, “Tomorrow isn’t promised to you.” Though possessing an estate plan is better than not having one at all,...
When you run your own business, time can quickly slip away from you. Before you know it, the months and years can go by in what feels like a flash. You’re always busy having to think about all the tasks that require your attention. One of the consequences of being so...
Anyone with a very large estate may have to worry about federal estate taxes. Those obligations apply regardless of what state someone lives in at the time of their death. However, only a few states assess state-level estate taxes, and Illinois is one of them. Those...
