A Commitment
to Each Client.
As you grow old, you may start to gain more wealth and accumulate new assets. Although including them in your will as future inheritance to your loved ones may seem reassuring, it can also significantly increase your estate taxes after you pass away. However, there...
When couples prepare for marriage, their focus is often on celebrating love and building a life together. However, marriage is also a legal partnership that carries financial and legal responsibilities. This is why some couples choose to sign a prenuptial agreement....
Serving as a fiduciary during estate or trust administration involves a degree of risk. Personal representatives or trustees are subject to a fiduciary duty to the beneficiaries of the estate or trust. They generally have an obligation to follow the instructions...
Trusts are common and useful vehicles for those doing their estate planning. But there are different types of trusts and that can confuse people because they may not even know the right questions to ask. Complex situations involving multiple spouses and children from...
Wealth preservation and transfers are important considerations during estate planning. Many people aim to keep resources out of probate court whenever possible. Doing so can help reduce estate tax obligations and limit secondary claims against those assets. Real...
When a person passes away and leaves a trust, that trust typically becomes irrevocable. The trust needs to be managed by someone responsible for its administration (called a trustee). In Illinois, once the original grantor is deceased, the successor trustee takes over...
