A Commitment
to Each Client.
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....
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...
There are numerous estate planning tools that can be used for different purposes. For example, a will can name individuals who you want to inherit your assets upon your death. Trusts can be used for several purposes, such as donating to charity or setting up a college...
In some cases, it may be fairly easy for heirs to identify how to split up financial assets. For instance, maybe you and your siblings were given a will by your parents. It splits all of their finances up equally, so you each get the same portion. But that doesn’t...
No reasonable person creates an estate plan with the intention of making their loved ones feel guilty or undeserving of their inheritance. However, many people do suffer what’s known as “inheritor’s guilt.” Often, this happens when someone receives a large and...
