Coping with the death of a family member can be a trying and stressful time. In some families, these situations bring long-simmering disputes to the surface, particularly regarding inheritances and promises. When siblings can’t agree on ownership, a family member’s final wishes, or the execution of estate plans, legal expertise is required. An experienced estate…
Blended families constitute nearly 40 percent of all living arrangements in the United States. These occur when one or both parents remarry, adding stepchildren and additional grandchildren to the mix. These can be joyful groups and result in many new friendships but when considering estates and inheritances things can get sticky. An experienced estate planning…
Inheritances can be a mixed blessing. Cash can be a welcome infusion during a busy time of life, such as when children are in college. Inheriting property can be emotionally draining and burdensome. Receiving financial assets always prompts questions about taxes. An experienced estate planning attorney can help you determine how best to structure inheritances…
Traditionally, heads of families attempt to build a nest egg that they can be proud to pass along to their children and grandchildren. But creating a legacy is not as simple as putting away a few dollars from each paycheck; it takes planning. The first step is finding the right estate planning attorney to assist…
When you start the process of comprehensive estate planning, keep in mind that there are implications for family members in states other than Illinois. The estate planning attorney you work with should be aware of this situation so specific action is taken. A qualified estate planning attorney will certainly ask about your heirs, including their…
Estate taxes are the sums paid to state and federal government when a person dies. They seem to be simple, in concept, but having a clear understanding of how state and federal taxes apply and interact, and how they impact your financial legacy is critical. An experienced estate planning attorney can help you understand how…
The year’s end provides many opportunities to celebrate and others to anticipate. As 2026 begins, there are a few new reasons to be optimistic about filing your taxes, as there have been changes in state law in several recent years. Being aware of these benefits to your bottom line can put a positive spin on…
Illinois residents who have a family, own property, or inherited a sum of money should look into estate planning regardless of their age. The process starts with finding a good, local estate attorney who is responsive to questions and requests. The best estate attorney in Naperville is experienced, a good communicator, and works efficiently. References…
It’s common for Illinois families to preserve the family home or other real estate assets as their legacy. But passing property to heirs can be a major pitfall for estate planning. An experienced estate planning attorney can help you avoid common mistakes that can result in your family paying higher-than-necessary taxes on their inheritances. 7…
Estate plans are never static, and recent changes in federal tax laws should prompt a review of your long-term planning. Staying abreast of the shifting rules affects how much you are taxed, whether you gift assets, and your approach to your financial legacy. Having an experienced estate attorney who can help you determine the best…
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