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...
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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,...
Estate planning is not just for people with children
You have heard people discuss the importance of creating an estate plan, but you brush it aside because you do not yet have a family or dependents of any kind. In fact, you are doing relatively well for yourself and are confident in your ability to manage your own...
When should you update an estate plan?
Once you’ve drafted a will or estate plan for the first time, the work doesn’t stop there. These important estate plans need to remain up-to-date with the changes in your life, the good and the bad. Be proactive in maintaining this information and prevent unnecessary...
Trust is paramount when choosing a power of attorney
It took years, maybe decades, to create the life you have now. All your aspirations, hard work and commitment has produced assets in which you want to protect. Now is the time to think about how your assets will be handled once you’re gone, or unable to make important...