A Commitment
to Each Client.
If you just leave an inheritance to someone in your will, you don’t have any control over how they use it. They won’t get it until you pass away, and then they will take direct ownership. If you give a beneficiary $50,000, they could spend it on anything from a...
A no-contest clause essentially means that beneficiaries are not allowed to challenge an estate plan. If they do, then they don’t get an inheritance. For example, say that there are two beneficiaries, one who receives $100,000 and another who receives $500,000. The...
When life throws curveballs, ensuring that your estate plan reflects any significant changes can help your arrangements function properly. A divorce is one life event that may warrant some alterations to your existing plan. In Illinois, this transition period offers a...
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...
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...
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...
