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...
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Estate Planning
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...
Tips to help you financially prepare for life after divorce
No one wants to go through a divorce, but you may come to find that this is the only way to change your life for the better. While there is a lot to consider during the divorce process, you'll want to keep close tabs on your finances. If you neglect to do so, you...
Your estate plan should be as unique as you are
Estate planning is a big deal for everyone, including people who have considerable wealth and those who don't. If you don't have an estate plan together, we can help you determine what you need to get started. This isn't a process that has to be very difficult to work...