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Plain-English articles on estate planning in Illinois.
What Is a Power of Attorney (POA) and How Do You Establish One?
When you think of creating an estate plan, you likely imagine writing a will or outlining your final wishes. While these tasks are certainly important and beneficial, they’re not the only thing your estate plan should include. You’ll also want to create provisions for a power of attorney (POA) to manage your affairs if you’re
October 22, 2024
The Basics of Estate Planning in Illinois: What You Need to Know
One of the best ways to keep your family safe and to provide for your loved ones, in the long run, is to create a comprehensive estate plan. This plan is much more than a will. It outlines exactly how you want your entire estate managed after you pass away or become incapacitated and unable
October 15, 2024
How to Choose a Guardian for Your Child
Part of your estate planning efforts should always involve looking out for those you love. If you have children, one of the most important steps you can take is to appoint a guardian to care for them if you’re unable to do so. But before you can tell your Illinois estate planning attorney to include
September 10, 2024
What Are the 7 Steps in the Estate Planning Process?
Creating an estate plan is a great way to secure your legacy and provide for your loved ones when you’re unable to do so. But if you’ve never created one, the process can easily feel overwhelming. Understanding the steps you’ll need to take before you meet with your Illinois estate planning attorney can help you
September 10, 2024
Understanding the Illinois Estate Tax – What It Means for Your Estate
You want to create the most favorable conditions for your loved ones when you pass away, and for most, that means creating a detailed estate plan that outlines their wishes and leaves nothing up to chance. While your Illinois estate planning attorney can help you do just that, your estate may have to pay certain
August 8, 2024
What Are the Rules for Estate Planning in Illinois?
Your estate plan is a comprehensive outline of how you want your assets managed or distributed, who you want to care for your minor children, and who you want to handle important decisions if you’re unable to make them yourself. With so much on the line, it should come as no surprise that there are
August 8, 2024
What Happens if You Don’t Have Power of Attorney
Estate plans are comprehensive documents that provide clear direction for your loved ones and the court if you pass away or are unable to make informed decisions. These plans include provisions for what happens to your money, your assets, your children, and other aspects of your estate if you’re no longer able to manage them
July 31, 2024
The Role of Estate Planning in Illinois Retirement Planning
When you think about your retirement plan, what do you focus on? If you’re like most, you think about your retirement accounts and your investment portfolio. Why? Because those plans hold many assets designed to help you live the life you want when you’re no longer working. While your retirement accounts are certainly important, they’re
July 18, 2024
To the Millennials: The Time to Plan Is Now
As a millennial, you are contributing to the workforce in a major way and are making positive changes in the world around you. We understand that your concerns may differ from someone of a different generation, and we are here to help you craft an estate plan that protects your future and addresses the things
July 11, 2024
What to Do if You Inherit a House in Illinois
When people create estate plans, establishing a plan for what happens to their homes if they pass away is essential. Many choose to let a loved one inherit the property and give them the full freedom they need to decide what to do with the home once ownership transfers to them. If you’ve recently inherited
June 28, 2024
Why You Need an Estate Plan, No Matter Your Age or Wealth
When you’re young, the future feels like it’s filled with endless possibilities. This leads many younger adults to believe that they have plenty of time to plan for changes in their health or to provide clear direction for how their assets should be managed when they pass away. While estate planning is often viewed as
June 13, 2024
A Quick Overview of the Illinois State Probate Process
When you pass away, the state will look to your will and your estate plan to determine who inherits which parts of your estate. That’s why creating a will and having a functioning estate plan in place is so important. Without it, the state is left to determine who receives which assets based on the
May 30, 2024