If you include a trust in your Illinois estate plan, you may later want to revoke it. In the case of revocable trusts, the grantor, or person who created the trust can terminate the trust in his or her lifetime. Whether you have a trust already or wonder about whether...
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
Wills or trusts: which gives me greater privacy?
In the current age of social media and fast-paced electronic news, some Illinois families fear what will be revealed about their family if a prominent relative passes away. If privacy is a concern, it helps to know whether a will, trust or both can provide you with...
Does your estate include a small business?
As an entrepreneur and small business owner in Illinois, you may feel that creating an estate plan will be a difficult task, and therefore, you continue to postpone the day when you sit down to take care of it. You are not alone in this. According to Fundera, only 70%...
Taking the stress out of creating your estate plan
Planning for your life way down the road may initially seem like a daunting task. However, your efforts to be proactive about making arrangements for the years when you begin to age and may become incapacitated can save you a whole lot of stress in the future. At...
Should I seek guardianship of my parent?
Perhaps you recently noticed that your mom has been forgetting to cook meals for herself, or maybe the power at your dad’s house was shut off the last time you visited him. Maybe you are not even sure what you noticed, but you worry about your parent’s ability to make...
How to avoid common financial powers of attorney problems
A financial power of attorney can be a very beneficial component of an estate plan. However, it is important to be aware of some problems other people have experienced with their power of attorney documents, so you can avoid those common problems. Act early One...
Do I need a succession plan for my family’s business?
Every family business should have a succession plan to help create business stability and prevent family infighting in times of change. Succession planning can foster a smooth leadership transition for the time you choose to retire from your business or are forced to...
The basics of trusts
People in Illinois who think about estate planning might automatically think about a will or a trust. However, they may not be aware of how a trust works or that there are many different types of trusts. A person's assets and wishes can help direct them to select the...
Estate planning and your beneficiaries
Setting up an estate plan can be a daunting task for all sorts of reasons. Some people, for example, may be unsure of which type of estate plan to choose. A trust may be ideal for some people (and there are various types of trusts, too), while a will may work out...
Estate Planning Q&A
Most individuals who have been able to enjoy success have at least heard of estate planning. You may have heard of the subject or even done some amount of personal research. Estate planning is a large subject that can feel impenetrable for those on the outside,...