Estate Planning

Estate planning helps secure assets for loved ones, but without proper protections, creditors may claim a portion of the estate. Understanding strategies to shield assets ensures financial security for beneficiaries. Establish a trust Creating an irrevocable trust can...

Business succession planning is crucial for ensuring that a company continues to thrive when its current owners step down. Without proper preparation, the transition can lead to uncertainty and challenges. To avoid such issues, business owners need to carefully plan...

Creating a family LLC can be a smart way to protect and manage your family’s assets. However, one important step that many overlook is completing the operating agreement.  This document plays a vital role in both the business and your overall estate plan. Setting...

Blended families face unique challenges when it comes to estate planning. Ensuring fair distribution among all heirs requires careful planning and communication to avoid potential conflicts and ensure everyone feels valued. Understanding Illinois inheritance laws In...

It is natural to think you can use your last will and testament to pass anything you own to family members or other heirs after you die. However, there are some kinds of property and financial accounts that should not go in a will. Typically, assets that do not belong...

A revocable living trust is a useful estate planning tool, allowing you to avoid probate and ensure your assets get distributed as you wish after your death. For your trust to work as intended, you need to transfer ownership of the right assets into it. There are...

Estate planning is an important step in securing part of a financial future for your loved ones. While the process may seem daunting, avoiding common mistakes can make it more manageable. Part of this includes knowing pitfalls to steer clear of when creating your...

As reported by Caring.com, only 34% of people in the United States have an estate plan. Planning for the future is important, and a significant part of that planning involves deciding who will manage your assets and wishes after you are gone. This is where the role of...

While estate planning plays an important role in financial and family management, many people overlook the importance of the process. Often, people associate estate planning solely with the distribution of assets after one’s death. However, in reality, estate planning...

Creating an estate plan is crucial for any business owner as it ensures the smooth transfer of assets and protects the interests of both the business and its stakeholders. Your business represents years of hard work, dedication and investment. When crafting your...