Godfrey residents are counseled to create a will early on in their lives. However, even with this advice in place, many fail to see to their estate planning. Indeed, according to information shared by the American Association of Retired Persons, only 4 in 10 American...
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probate
Reviewing an estate plan is crucial to optimize effectiveness
Estate planning is a time-consuming process for many people in Illinois who carefully analyze several areas of their life to identify where clarifications need to be made that will allow their surviving family members to know how to distribute their estate. Decisions...
What is a payable on death account?
One of the easiest ways to avoid probate in Illinois is to not leave behind anything that needs to go through that process. Essentially, this means having all your assets set up to automatically transfer to another person upon your death. Many people use trusts or...