For the testator who created the estate plan, the assets they left behind for specific beneficiaries may have been their main focus. It is common for people to put a lot of consideration into what they want their loved ones to inherit. They may choose beneficiaries...
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lake forest illinois trusts and estates law blog
Should you set up a revocable or irrevocable trust?
You’ve worked hard your entire life and built a substantial amount of wealth. You probably own a business and a home among other assets. This means you should figure out what will happen to them when you pass on. And one of the most popular estate planning tools you...
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...
2 reasons you may enter an estate dispute
One reason that people will make an estate plan is that they know that this lowers the odds that their heirs will be involved in a dispute. Simply creating a plan can go a long way toward preventing disputes by providing the necessary guidance. However, this isn't to...
A will is about much more than inheritances
For most people, the first step to estate planning is drafting a will. This sets in motion the distribution of your assets should you become incapacitated. You can leave an inheritance behind for the people you treasure, such as your family and close friends. ...
3 estate planning mistakes to avoid
As a responsible adult, creating an estate plan makes sense. This plan, when established properly, will protect your loved ones and ensure your assets are distributed based on your wishes after you pass away. Making an estate plan may seem simple; however, some...


