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...
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Estate Planning
What are the most important traits you need in an executor?
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...
Intestate succession and estate planning in Illinois
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...
Estate planning considerations for new parents
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...
What is a special needs trust?
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...
Illinois residents can electronically sign wills
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...
When should I update my estate plan?
Creating an estate plan is an ongoing process. Often, you experience a significant event that moves estate planning up your to-do list, like having a baby or investing in real estate. However, putting together your estate plan is not a one-and-done type of document....
3 reasons to start estate planning soon
If you do not yet have an estate plan in place, you are not alone. In fact, as many as 60% of Americans have not created a will, according to AARP. Though you may not think you need to prepare for the end of your life, avoiding this crucial activity could lead to...
What are the first things to do when probating an estate?
If your deceased loved one's estate plan named you as executor, then it will be your responsibility to probate the will. The probate process is not anyone's favorite thing to manage, but with proper guidance and an in-depth understanding of the law, you will be able...
2 estate planning documents you should draft before you deploy
Most Americans wait until after they've had children or have amassed significant assets later in life to begin planning their estates. If you're an active member of the armed forces subject to deployment, though, then it definitely speeds up the need to plan your...