January 11, 2022Five Ways People Make Estate Planning MistakesAs an adult, you spend the first half of your life trying to achieve financial security, and the second half trying to maintain it. Due to this adage, many people devote significant time and effort to maximizing their legacy goals…
January 4, 2022Is Your Vacation Home Part of Your Estate Plan?Many families enjoy spending time in their family vacation home. Sharing time and creating memories is the hallmark of such properties, and often there is a desire to preserve the home’s ownership within the family system for generations to come.…
December 17, 2021How is an Estate Administered in Illinois Court?Probate is the method by which judicial officials, including probate judges, process a decedent’s will. While state probate laws may vary, the general process is quite similar across the country. Probate is the process of proving wills for decedents’. A…
December 10, 2021The Importance of Estate Planning LGBTQIA+ CommunityWhatever your orientation, estate planning is crucial to protect your loved ones. In the LGBTQIA+ community, estate planning can legally protect against discrimination even if others are reluctant to recognize your relationship and your desire to permit your partner to…
December 3, 2021How to Discuss Your Estate Plans Goals with FamilyPreparing for a successful transfer of wealth to your loved ones begins with a comprehensive estate plan. However, many of us often overlook the crucial part of communicating our estate plan to family and heirs. Even with a thorough and…
November 19, 2021Take Precautions To Avoid Probate LitigationWhile there are several reasons for increased risk of probate litigation, there are two most common circumstances. The first is when families disagree with how to handle a mentally incapacitated family member. The second is when, after death, disagreements break…
November 12, 2021Estate Planning for Multigenerational WealthCareful planning is vital to protect your inheritable legacy for future generations. There are always differences of opinion across generations as to how best to live and act in the world. Millennials and Generation Xers seem to have distinctly different…
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 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…
