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...
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
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...
Leaving a legacy through a charitable remainder trust
Altruism is a noble trait, and one way that many people in the Godfrey area -- especially those with significant assets -- choose to express this trait is through charitable giving. Charitable giving does not have to end when you pass away, however. One option for...
A special needs trust might be right for your loved one
There are many aspects to estate planning. You certainly don’t have to address each one if it’s not applicable to your situation, but that’s the beauty of estate planning: that you can custom tailor an estate plan to fit your needs. Yet, you do need to be careful that...
The dangers of failing to devise a sound estate plan
After a lifetime of hard work and planning, most Illinois residents look forward to enjoying their retirement years and passing on their wealth to their loved ones. One of the most effective ways to ensure that one’s assets and money go to the parties and entities of...
Is my estate plan valuable before my death?
Many people wrongly believe that estate planning is just planning for death. A well-thought-out plan can be so much more than just dictating what you want to happen after your death. It can be a valuable tool that proves useful during your life. This makes estate...
What mistakes should you avoid while planning your estate?
Many people who plan for their future tend to look at the positives instead of the negatives. Estate planning is no exception to this. Those who do plan usually plan for the best-case scenario. However, it may be beneficial to think about potential issues you may...
Do pour-over wills pass through probate?
Some people set up trusts to keep assets from going through probate. However, individuals with complex estates might neglect placing one or more assets into a trust before they pass away. To prevent this from happening, some Illinois residents compose pour-over wills...