The intent of planning for the future is to have the final say over important matters, such as what happens to your personal property after you pass away. By creating an estate plan, you can be certain that you are able to control the medical care you want or do not...
Experienced Representation In Business Law, Estate Planning And Tax Law
Experienced Representation In Business Law, Estate Planning And Tax Law
Experienced Representation In Business Law, Estate Planning And Tax Law
estate planning
The importance of having a living will
It’s a common misconception that estate planning is for planning what happens to one’s assets after they die. But there is also a way to plan for one’s medical care needs in case one becomes incapacitated and can’t make medical decisions for themselves. A living will...
Choosing the right person to have power of attorney
There is no single perfect way to plan for the future. If you are considering what you may need for your estate plan, it may be helpful for you to look at the tools available to you beyond a basic will. A will is a good place to start, as this is a document that...
Is it time to review your estate planning documents?
When you originally created your plans for the future, you made your decisions based on the information you had at the moment. Life continues to change after your estate plan is final, and it may be necessary to adjust and change your plans as needed. Every few years,...
Tips for choosing the right power of attorney
Estate planning in Illinois involves making many choices, some of which can impact one’s life if a medical emergency happens. While most estate planning decisions are made based on what should occur after death, a power of attorney will make important decisions in the...
Updating an estate plan regularly is important
Many people in Illinois are under the assumption that once an estate plan is in place, there is no further action that needs to be taken. This isn’t true, especially for those in a high-asset situation. Estate plans must be kept current and should be updated regularly...
It’s never too early to start estate planning
Death can be a taboo subject and one that many people don’t want to think about. But estate planning is essential for those in Illinois who want to protect their assets after death. A thorough estate plan details exactly how one’s assets are to be divided after one’s...
How trusts can make your estate plan more complete
There are a lot of misconceptions about the estate planning process. Among them is that it’s straightforward, requiring nothing more than a simple will that specifies how your assets will be distributed once you pass away. Sure, a will can play a pivotal role in your...
Power of attorney requirements for Illinois
In Illinois and many other states across the nation, you are allowed to select a health care agent to make medical decisions on your behalf if you become incapacitated. Choosing someone to be your health care agent is no easy task. The person you choose must meet all...
How a pour-over will might make your estate planning easier
You’re busy in your day-to-day life. You’ve got to get to work and deal with its stressors, take your kids to school and help them with their homework, and perhaps even help care for aging parents. Getting wrapped up in all of these activities can leave you feeling...