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...
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lake forest illinois trusts and estates law blog
Is it too late to start estate planning?
It's beneficial to begin estate planning at an earlier age. However, if you didn't do so, you can still draft your estate plan documents at an older age. It's almost never too late to create a plan, but your experience may be different. Here is what you should know:...
Do you need to have a close relationship with your executor?
When creating an estate plan, you need to appoint someone who will take your will to probate and ensure your wishes come true. Executors have crucial duties, making them an integral part of your plan. So, do you need to have a close relationship with them? Yes and no....
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...
4 common estate planning misconceptions
One of the difficulties of estate planning is being told misleading information. You may need to read this blog post to understand what estate planning facts you’ve been misinformed on. Here’s what you should know: Myth 1: Estate planning is only for the rich Truth:...


