A Commitment
to Each Client.
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...
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...
You have built your estate for years, and you probably want to save as much of it so that your family can have a comfortable, secure life when you are gone. Currently, the federal government can tax up to 40% of any estate that surpasses the amount of $11.7 million...
Wealth preservation is an important consideration for those with substantial assets in Illinois. Whether you own real estate, investment accounts or a business, you likely want to pass as much of your personal property on to your loved ones as possible. Estate...
When it comes to estate planning, it’s easy to focus on the basics such as creating a will, living trust and living will. However, if you neglect to go deeper, you could end up missing out on something that makes life easier on you and/or your family. Here are some of...
Many blended families work out very well and all of the new siblings get along wonderfully. However, there are also cases in which things do not go as smoothly as hoped. The two sides of the family may remain at odds or never really get close. When it comes to estate...
Your parents own a business, and you know that the succession plan they’re putting in place is the focus of most of their estate planning -- either that, or they’re going to sell the company and give the assets to you and your siblings. Either way, this is a...
Most people coping with the death of their loved ones are grateful that they don't have to be the ones to handle the estate's administration. Being a beneficiary and not needing to worry about handling taxes or other financial obligations can make it easier to handle...
When you create an estate plan, you do so for many reasons. At the top of your list is the ability to decide where your assets end up upon your death. While there are many estate planning tools you can use to your advantage, there’s no guarantee of preventing a will...
If you are an executor for your parents’ or family member’s estate, you likely will face challenges when settling your loved one’s estate. The process takes time, it can be complicated, and you can face difficulty with heirs who are unhappy about what their share is...
