A will is a crucial component of any estate plan. This legal document sets out instructions on how your assets should be divided upon your death. In your will, you are also able to nominate legal guardians who can look after your young children should you pass away. ...
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Wills And Trusts
Addressing creative works in your estate plan
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...
Decanting a trust: Adapting a trust to changing times
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...
3 ways a trust can benefit your business
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...
2 assets you should exempt from your Illinois will
Do you have a will? Congratulations if you do. You’ve taken one of the most important steps towards safeguarding your legacy and the people you care about. Without a valid will in place at the time of your demise, Illinois intestate laws would step and dictate what...
How can a Totten trust help your loved ones?
Most adults have bank accounts that they use on a regular basis. One question that often comes up when a person dies is who will get control of the bank account. You can make your wishes clear about this by getting the Totten trust for the bank account set up. A...
What does it mean to decant a trust?
When a testator goes through the trouble of setting up a trust for their heirs, the odds are high that they had some specific goals in mind. The court generally doesn’t want to interfere with those goals – but mistakes can happen, laws can change and the need for...
Revocable vs. Irrevocable trust: which one is right for you?
Including a trust in your estate plan comes with multiple benefits. It saves time, reduces estate taxes and ensures that your assets are distributed according to your wishes. Most importantly, a trust gives you control over your assets even after your passing. If you...
What are the benefits of an irrevocable trust over a will?
A will is the most common estate planning tool people use to bequeath their estate. However, there is more to estate planning than putting your last wishes on paper when passing over the estate to your loved ones. First, a will comes with some uncertainties. What if...
Avoid probate by establishing trusts for your heirs
Do you want to ensure your loved ones are cared for after you die? If so, you should consider setting up trusts. Trusts can help you avoid probate and provide financial security for your loved ones. What are the benefits of trusts, and how do you set them up? What...


