November 5, 2021Protect Your Personal Possession in an Illinois Estate PlanSuppose that your Illinois estate plan is all set. It will be taking care of your home, savings, and investments, making sure that your family will get those valuable estate items fairly and efficiently. Your plan will also protect your…
October 29, 2021Can You Avoid Probate?Although probate seems complicated and costly, it is a standard legal procedure for passing on assets from decedents to their selected heirs or beneficiaries. Whether or not you require probate depends on the type of property and how you own…
October 22, 20216 Steps Before Moving a Loved One Into an Assisted Living FacilityAssisted living communities provide vital care and peace of mind for your aging parents. Determining the suitable facility “fit” for your loved one is a journey requiring matching their needs, budget, and lifestyle with desirable locations. Research and preparation yield…
October 15, 2021The Roles and Responsibilities of a Power of AttorneyEstablishing a power of attorney is essential when preparing for a time when you may become incapacitated and need a trusted agent to manage your affairs. You can grant broad authority to one or more power of attorney agents to…
October 8, 202110 Ways To Thrive as a CaregiverWith 53 million people in the United States – or 17 percent of the population – providing care for an older family member, many are losing sleep, worrying, losing income, struggling to balance caregiving tasks with their workload and other…
October 1, 2021The Importance of Estate Planning for Young FamiliesIt is fairly typical for young adults, even those with professional careers aged thirty or more, to believe they are too young to concern themselves with estate planning. Young adults in their twenties and thirties often think they don’t own…
September 24, 2021What Happens to the Estate When There Is No Will?The percentage of older adults without a will has remained mostly unchanged, despite the coronavirus pandemic according to a report by caring.com. Remarkably, younger adults with a will show an increase of sixty-three percent comparative to pre-pandemic times. This 18…
September 17, 2021Options for Financing Assisted LivingCosts for assisted living can range from $2,000 to $5,000 monthly. Depending on what type of care your loved one needs, assisted living can be the most affordable solution when compared to a nursing home ($5,000 to $10,000 or more…
September 10, 2021If the Beneficiary Has Passed On, Who Ends up With the Inheritance?Who will get an inheritance if the beneficiary is deceased? You may be wondering whether if you leave property to your brother Jim, but he dies before you, would his kids inherit the property in his place? The answer is,…
September 3, 2021A Guide for Understanding the Probate ProcessProbate is the legal process of handling the estate of someone who has passed, where an executor assists in the distribution of the assets, clearing any debts, and finalizing any taxes owed in accordance with the will. To begin probate,…
