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...
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 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...
Can you terminate a revocable trust?
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...
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...