Estate Planning

Few people like to think about death, taxes or estate planning. However, periodically reviewing an estate plan ensures that your wishes remain accurate and current. While reviewing and updating the plan on a regular schedule is wise, certain life events can make...

Probate is a time-consuming, expensive property, especially if you have significant assets and no solidified estate plan, including a will or trust. However, you may wonder about a transfer on death deed. This type of deed allows you to designate a beneficiary for...

When a person dies, their assets get distributed to their heirs through their estate. Illinois has an estate tax that gets charged based on the estate's total assets. The federal government also has an estate tax, but the exemption amount for federal estate tax is...

When you have spent a lifetime working hard to acquire assets, you want to make sure that upon your death, or should you become incapacitated, your treasures go to the right people. This is one of the main purposes of estate planning. Estate planning can be complex,...

Estate planning is necessary when you have young children. A crucial part of the plan is selecting a guardian for them. There are many different details to consider when choosing a guardian, so consider all of your options before making a declaration. Think long-term...

When you think about estate planning, many ideas may come into your head. You may wonder what you should write in your will or what items you want to leave to your beneficiaries. One such topic is often who you should choose as your executor. This person needs a set...

Illinois has particular laws about inheritance. Your assets will pass along to your heirs according to intestate succession when you pass away. Without an estate plan, your assets are at risk of mismanagement. Continue reading to learn more about how you can protect...

According to Experian, 76% of American adults believe that estate planning is important. However, many of those same people do not have a will. Whether you have started already started estate planning or not, the birth of a child has significant implications for your...

If you are raising a teenager who has a serious disability, you may already recognize he or she will be unable to work as an adult. Fortunately, you have the financial means to support your son or daughter during your lifetime. After your death, though, your child may...

The Illinois legislature has made a temporary order allowing residents to sign wills electronically and witness signatures remotely permanent. Advocates believe this legislation increases safety and efficiency and lowers the risk of fraud. What does this change mean...