As readers of this blog know, estate planning is not a quick process because it is about designing how one’s entire accumulated life will be delt with after death. However, this slow and methodical approach is often hard for those with attention deficit hyperactivity...
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
How to select an executor for your estate
The executor role in the management and administration of an estate is an important one which is why estate planners should know what to take into consideration when deciding on an executor for their estate plan. When estate planning, there are many considerations to...
Questions to ask about when to update your estate plan
As we approach the end of the year, it is helpful to evaluate an estate plan to determine if it is current and meeting the needs of the estate planner. It is also valuable for the estate planner to know what questions to ask when considering the usefulness of their...
The importance of choosing a trustee and type of trust
When embarking on the estate planning process, there are various documents one should consider including. While one is likely to think that a will is the most important document, the reality is that a trust can help provide immense protection for property and assets...
How current estate tax law may change
When we think of taxes, sales or income tax is what usually comes to mind. But capital gains and estate taxes are in the news a lot these days as the current administration seeks ways of paying for top dollar initiatives such as infrastructure, social services and...
Understanding the mechanics of a special needs trust
One of the prime reasons for preparing an estate plan is to make adequate provision for the future needs of family members such as housing, health care and clothing. In families where one or more members are disabled and incapable of supporting themselves, a special...
Three steps your parents should take when estate planning
The passage of time may have gone by quickly as you grew from a child to an adult. Now you may find that your parents are aging, you want to take good care of them. One way to ensure your parents are cared for in the manner they wanted, and that their wishes following...
Guardianships in Illinois
When a person is unable to make decisions regarding his or her personal care or finances because of a mental, physical or developmental disability, it may be necessary to appoint a guardian for that person. The person for whom a guardian is appointed is called a ward....
Are you in a blended family? Estate plan carefully
If you want to preserve your wealth and ensure that it passes to your loved ones in a way that you see fit, then you need a detailed and holistic estate plan. That might sound easy enough, but a lot of people think that they can forego estate planning if they just...
Estate planning tasks to do now, while one is still healthy
Let’s face it, estate planning right now is a hot topic. It is just a sign of the times we live in. But, there are some estate planning tasks that everyone should do now, while they are healthy. Think about and document one’s health care wishes When people begin the...