Life and financial situations can change quickly and without expectation. Certain conditions could make updating your will a smart idea. However, the unpredictability of life can mean that you wish to make changes to your will down the road. Certain conditions, like...
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Estate Planning And Administration
Designating your organ/tissue donation wishes in your estate plan
Many people dread the idea of estate planning because it involves, in large part, thinking about a future where you won’t be around. However, it’s not unusual once you begin the process to appreciate the opportunity you have to make sure your wishes are known and...
How to prevent challenges to your will?
There are various important aspects of estate planning, with drafting a will being at the top of the list. A will provides instructions about how your assets should be divided if you become incapacitated. It can also designate legal guardians to look after your...
Unequal bequests are becoming more common
When someone leaves unequal bequests in their estate plan, it simply means that they are leaving different amounts to different children. For example, someone may have three children and $1 million to split up. Rather than dividing the sum in thirds, they give half of...
When should you update your estate plan?
Estate planning is one of the most important tasks you can ever undertake. A solid estate plan protects your future, assets and loved ones. Without one in place, it would be up to the state of Illinois to decide how your assets will be distributed when you pass on....
Are you too young to think about estate planning?
There are numerous aspects to estate planning, but a large part of the process centers around providing for your family. This is extremely important. However, some reports suggest that over half of the population has yet to draft a will. There are many reasons behind...
Is a transfer on death deed the right solution for your home?
Your house is worth thousands of dollars, so it is not an asset that you want to lose control of while you're still alive. On the other hand, you don't want your family members to experience a long-term legal limbo during which they cannot use the property. If your...
Will your estate require ancillary probate proceedings?
Whether you have a lakeside cabin up in Wisconsin, a vacation home in Colorado or one of your kids is living in your old condo in Brooklyn that you still own, those assets will need to be covered in your estate plan. If you still own the assets when you pass away,...
Dementia and your aging parent
When you have a loved one who is showing signs of dementia, now is the time to sit down and talk to them about their wishes. People who suffer from dementia often have times when they are lucid, and it is important to discuss their estate plan, will and other...
Setting up a trust based on age
You have a lot of potential tools that you can use when doing estate planning. If you don't want to leave assets directly to your heirs, for instance, you could consider setting up a trust. Even if you do this, you still have a lot of different choices to make. Some...


