If you have considerable assets, you likely plan to leave at least some of them to your child. If the thought of doing so gives you some anxiety because you worry they might squander the money, then you'll be happy to know that you have options. In a post earlier this...
A Commitment
to Each Client.
lake forest illinois trusts and estates law blog
What are signs of undue influence?
When your parents’ will is read, almost the entire fortune goes to your sibling. You do get some token items and a small amount of money, but your parents were worth millions, and you expected to inherit life-change wealth. They never said anything about cutting you...
Progressive estate taxes leave the wealthy with more to lose
Wealth preservation is an important consideration for those with substantial assets in Illinois. Whether you own real estate, investment accounts or a business, you likely want to pass as much of your personal property on to your loved ones as possible. Estate...
Drafting a business succession plan? Here are a few things to consider
You've put a lot of effort, energy and time into building a successful business, and you want to make sure that you have a proper succession plan in place. You want the business to keep on thriving long after you're gone. But where do you even start? It's difficult to...
A spendthrift trust: an essential tool in estate planning
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...
3 reasons you may need to challenge a trustee’s position
Whether the goal is to provide for multiple generations or arrange for remaining assets to go to a charity, a trust can be a valuable tool. Unfortunately, sometimes the person creating the trust doesn't do a good job of selecting their trustee. Picking the wrong...


