Estate Planning

Family disputes over inheritances are not uncommon, even if very few of them result in formally challenging a will in probate court. A lack of understanding about trusts and wills is part of the problem of family disputes. Not knowing the plans for dividing property – or the rationale behind the plan – can add…

An estate plan is a careful accounting and forward-looking plan for your assets. Estate plans can include trusts, a will, power of attorney, and long-term tax planning considerations. Keeping these documents updated is crucial to their proper synchronization when a triggering event occurs. An estate law specialist is the best person to consult regarding current…

When you create an estate plan, what’s your main goal? If you’re like most people, it’s to protect your loved ones and to provide a lasting legacy after you pass away. But the probate process can eat into the inheritance that your loved ones receive and may keep your loved ones from inheriting the property…

When you’re looking for a way to take care of your loved ones when you pass away, creating an estate plan is an absolute must. And for many people, establishing a trust can help them more effectively care for their beneficiaries and reduce the risk of costly probate processes eating into the inheritances they want…

Leaving behind a last will and testament is one of the easiest ways to ensure that your final wishes are honored. However, not everyone has a will and that lack of a will can complicate your loved ones’ ability to honor your final wishes over who inherits which parts of your estate. Here’s what your…

Creating an estate plan is one of the best ways to ensure that your final wishes are honored by your loved ones and the state. It’s designed to help individuals from all walks of life and with all types of assets preserve their legacy. However, many people feel that estate planning is too expensive or…

Most people assume that they only need an estate plan when they have a spouse or children. This leaves many single people under the impression that estate planning isn’t necessary or is just a waste of time since their estates are typically less complicated. Nothing could be further from the truth. Estate plans are just…

Creating an estate plan is a great way to ensure that your final wishes are honored, and your estate is managed the way you want it to be when you’re no longer able to oversee the process. While you can create an estate plan on your own, doing so isn’t the best option. Instead, you’ll…

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…

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…