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Estate Planning Archives

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 to navigate your loved one's probate with greater ease.

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 estate much sooner than that.

Make plans now for your end-of-life medical care

Part of your estate plan is having a plan for your medical care in your final days. The way that you do this is by setting up an advanced medical directive and a power of attorney for health care. Together, these provide you with a plan for what is going to happen if you need medical decisions made when you are unable to make them on your own.

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 through. Instead, you can make decisions about everything as we discuss your wishes.

Military family estate planning: Electing guardians

Military families have a lot to think about when it comes to estate planning. Being mobile and not having a stable home to call your own may change your priority on protecting tangible property and physical assets. However, that doesn't mean that estate planning should be completely neglected for military personnel. If your family includes children, it may be more important than ever.

Military life means you need to stay on top of estate planning

The military life is a dangerous one, especially when you consider all of the turbulent matters that are going on around the world right now. For men and women who have signed up to protect our country, it is all too easy to forget to protect themselves.

Charitable trusts provide tax benefits, flexibility and control

Establishing charitable trusts provides Illinois residents with a number of significant benefits. Charitable trusts can be important components of tax management and estate planning strategies, and they allow people to fulfill their philanthropic objectives while providing them with flexibility and control. Trusts can be set up to make charitable donations in the form of lump sums or income streams, and people are able to determine how and when these payments will be made.

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