Protecting your assets remains a priority in estate planning. You want your heirs to reap from the benefits provided by your large estate and the abundant assets available. However, you do have some concerns related to one of your adult children. Why? Because he is...
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Wills And Trusts
Understand how beneficiary designations can affect your estate plans
Protecting your assets for your heirs may be a top priority for you, especially when you’ve worked hard to build those assets up. Many people focus on their will as the main vehicle to pass assets to their heirs or they establish trusts to preserve those assets. Some...
What is a no-contest clause and how does it work?
A will or a trust includes many essential provisions. One that often does not get as much attention as others is the no-contest clause, sometimes referred to as the forfeiture or terrorem clause. This provision, in a way, wants everyone to understand that the testator...
No need to hesitate about a last will and testament
There are many reasons that Illinois residents and others tend to avoid discussions about end-of-life topics. This avoidance often causes procrastination when it comes to writing a last will and testament. In fact, some people even believe that executing a will...
Should you set up a living trust?
As 2019 nears its end and Illinois residents and others start planning for a new year, many people will decide it is time to execute their estate plans. The estate planning process can be simple or complex, depending on a particular estate owner's circumstances, needs...
Problems with wills and trusts can be challenging to resolve
Illinois families do not always get along. This is especially true in cases where wills and trusts are contested. Even people who once enjoyed close, loving relationships may resort to nasty name-calling and accusations when it comes to fighting over a loved one's...
Wills and trusts: Reasons they get contested
Many Illinois residents may become involved in probate litigation at some point in their lives. It can be difficult to resolve such situations. It can also be quite expensive, especially if a case is tied up in the courts for a long time. Understanding the most common...
Wills and trusts: Valuable estate planning tools
When an Illinois resident executes an estate plan, he or she may customize the documents in accordance with his or her goals. For many, asset protection is a high priority. Others own businesses and want to protect those interests, as well as incorporate succession...
Famous artist dead; wills and trusts now litigation issues
Illinois readers considering executing estate plans may have questions about various documents and what constitutes validity when signing such documents. It is always a good idea to speak with someone well-versed in state laws that govern such matters. A current...
NFL team subject of litigation re trust set up by previous owner
NFL fans know that Illinois is home to the Chicago Bears. As in most states, however, there are likely football fans in this state who cheer for other teams, as well. While most people simply follow what is happening on the field, some also enjoy reading...


