The family members of someone who has recently died sometimes feel compelled to take legal action against their estate. In some cases, there is clear evidence that an older adult had already experienced significant cognitive decline when they drafted or updated their...
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lake forest illinois trusts and estates law blog
What is the Great Wealth Transfer?
The great wealth transfer has already begun, but it generally refers to a shift in wealth in America over the next two decades. Essentially, Baby Boomers have roughly $84 trillion in assets. This is the greatest amount of assets ever to be passed down to the next...
Changes you may need to make to your most recent estate plan
You may have an estate plan in place, but have you ever updated it? Many people forget to alter their estate plans over the years. This can create problems during the probate process when it is unclear how certain unaccounted for assets should be distributed. It is...
Addressing disputes over digital assets
When a loved one passes away, managing their estate can be a daunting task. If it includes digital assets, unique management concerns – and associated disputes – may arise, resulting in an even more complex and stressful set of circumstances for you to deal with. ...
Estate planning for those who don’t have heirs
The concept of estate planning often conjures images of people meticulously dividing assets among their children. However, the importance of estate planning extends far beyond traditional family structures. Even for those without immediate heirs, a well-crafted estate...
Mirror vs. mutual wills: What’s the difference?
Couples often do their estate planning together, if only to make certain that they both have all of their bases covered and are on the same page. Most of the time, couples choose either mirror wills or mutual wills. Mirror wills Mirror wills are essentially two...


