Estate Planning

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…

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…

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…

Figuring out who inherits which parts of your estate is a key component of estate planning. And while your Illinois estate planning lawyer can help you create a plan that clearly outlines your wishes, it’s still helpful if you understand the ins and outs of the state’s rules before you start. This way, you’ll have…

Sitting down to create or update your estate plan can be overwhelming. Crucial to a successful plan is your ability to address two major questions: Who will get your stuff when you die, and how do you want those individuals or charities to receive that stuff? Ways to Give Away Your Money and Property Outright…

Creating or revising an estate plan can feel overwhelming, causing many people to procrastinate. But the longer you put it off, the more potential there is to be caught unprepared in an emergency. So how can you motivate yourself and your loved ones to begin the process? Here are some strategies to help you overcome…

When developing your estate plan, it is nearly impossible to address every account or property you own. There are sure to be some things you unintentionally overlook. However, by including a residuary clause, you can intentionally disburse any remaining items inadvertently left over during the estate or trust administration process to a named beneficiary or…

When people think about estate planning, they usually focus on who will receive their money and property when they pass away and how it will be received. However, estate planning can also address your end-of-life wishes—the considerations and expenses involved when it is time to say goodbye to your loved ones. The following are important…

Your family member went through a meticulous estate planning process to organize and distribute money and property for the benefit of their loved ones, including you. But you may suspect that some of the high-value items in their estate originated as stolen property. The possibility of discovering stolen items within an estate is often overlooked,…