A Commitment
to Each Client.
Recently, trusts have become quite popular for most people. Unlike wills, they provide a more prominent degree of flexibility in estate structure, and they can save on probate fees and taxes. Usually, a trustee oversees and administers the trust and takes care of the...
You may think that leaving a will sorts out all your estate plans. However, that is not entirely true. For instance, your heirs may mismanage your estate, and there will be nothing to show for it within a few years. In short, a simple will exposes your estate to the...
An estate dispute can be expensive for your family. It’s necessary to take steps to resolve disputes as soon as you can so that you can distribute the estate’s assets as intended. If you are the executor of the estate and are faced with litigation, it’s important for...
When starting the estate planning process, you may hear the term “legacy planning.” There is a current trend to replace the former with the latter to give a fresh face to the process. Is estate planning and legacy planning synonymous? Yes, and no. Everyone has an...
A dynasty trust carries on from one generation to the next. Unlike other irrevocable trusts, dynasty trusts are not subject to the anti-perpetuity rule that ends most trusts after some time. They last forever, as long as there are assets held in the trust. You may...
No one likes the idea of their family tearing itself apart with lawsuits and will challenges after they are gone. That’s why many Illinois residents who create their wills insist that their attorneys include a no-contest clause, in an attempt to force their family...
