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...
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 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...
A living trust is a useful estate planning option
Estate planning can sometimes seem overwhelming, but it doesn’t have to be. A living trust is an estate planning option that may be worth considering. It goes into effect while the person who creates it is living and it can be revoked. The person who creates the trust...
3 estate planning items to revisit after age 60
From ensuring a seamless transfer of assets to establishing clear directives about your preferences for medical care, a solid estate plan is essential. Unfortunately, the American Bar Association reports that only 64% of Americans have one. Periodically revisiting...
Your mom died and you can’t find her will. Now what?
Many Godfrey area residents have had to go through a situation in which one of their parent dies. These are emotional and stressful times. Not only is a child dealing with the grief of losing a parent they can also be overwhelmed with the paperwork and financial...