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Estate Planning

Do My Kids Have to Pay Taxes on Money They Inherit?

Inheritances can be a mixed blessing. Cash can be a welcome infusion during a busy time of life, such as when children are in college. Inheriting property can be emotionally draining and burdensome. Receiving financial assets always prompts questions about taxes. An experienced estate planning attorney can help you determine how best to structure inheritances

January 14, 2026

Estate Planning

What Happens to Your Family’s Money When You’re Gone?

Traditionally, heads of families attempt to build a nest egg that they can be proud to pass along to their children and grandchildren. But creating a legacy is not as simple as putting away a few dollars from each paycheck; it takes planning. The first step is finding the right estate planning attorney to assist

December 24, 2025

Estate Planning

How to Handle Estate Planning When Your Heirs Live Out of State

When you start the process of comprehensive estate planning, keep in mind that there are implications for family members in states other than Illinois. The estate planning attorney you work with should be aware of this situation so specific action is taken. A qualified estate planning attorney will certainly ask about your heirs, including their

December 24, 2025

Estate Planning

How to Find the Best Estate Attorney in Naperville

Illinois residents who have a family, own property, or inherited a sum of money should look into estate planning regardless of their age. The process starts with finding a good, local estate attorney who is responsive to questions and requests. The best estate attorney in Naperville is experienced, a good communicator, and works efficiently. References

December 8, 2025

Estate Planning

How Federal Tax Changes Could Impact Illinois Estate Planning

Estate plans are never static, and recent changes in federal tax laws should prompt a review of your long-term planning. Staying abreast of the shifting rules affects how much you are taxed, whether you gift assets, and your approach to your financial legacy. Having an experienced estate attorney who can help you determine the best

November 24, 2025

Estate Planning

Estate Planning After Divorce: Steps Illinois Families Should Take

Divorce is a milestone that requires recalibration of many things, particularly your finances. Whether you’re already divorced or planning to be, adjusting your estate plan should be top of mind. An experienced estate planning attorney can guide you through the process of correcting important documents so they reflect your current situation. Your attorney will ensure

November 24, 2025

Estate Planning

Do You Need an Estate Plan if You Own Property in More Than One State?

A vacation home or investment property is wonderful to have but add layers of complexity to estate planning. There are several scenarios (like type of ownership) that demand specific estate planning tools. Following the advice of an experienced estate planning attorneys, particularly one familiar with the Illinois Probate Act, ensures that the estate plan developed

November 10, 2025

Estate Planning

How to Transfer Real Estate in Illinois Without Probate

When a family member dies, ownership of their property should transfer to next of kin. Unfortunately, if the person dies without a will, state law determines who gets the property, through the probate court. With a little planning, individuals and family members can plan to avoid the probate process so that property is inherited without

October 27, 2025

Estate Planning

What Newlyweds in Illinois Should Know About Estate Planning

Marriage and other major milestones in life should trigger emotion—joy or sorrow—as well as reckoning. They are events that estate planning professionals hope people recognize as prompts to reevaluate and document their end of life plans. It’s never too early to make an appointment with a professional estate planning attorney to discuss your assets, heirs,

October 23, 2025

Estate Planning

Estate Planning for Blended Families in Illinois: How to Prevent Disputes

Blended families are those in which one or both partners have children from prior relationships. When these families merge—often sharing households—they are considered “blended.” Statistics show that about 16 percent of children in the U.S. are living in blended family situations with stepparents, stepsiblings, or half-siblings. Nearly 40 percent of marriages include one person who

September 26, 2025

Estate Planning

Should Your Business Be Included in Your Estate Plan?

Planning for the disposition of your assets should be comprehensive, including your personal and business assets. Failing to plan for the succession of your business can turn into a complicated task for your family members, who may not have the hands-on skills or knowledge to avoid debilitating tax bills, forced liquidation, or management chaos. With

September 26, 2025

Estate Planning

Keeping Your Naperville Home in the Family: Estate Planning Tips

Your family home is likely the site of many happy memories that become more poignant as you age. As wonderful as it is to have a secure place that you enjoy, it’s an asset that must be included in your end of life plans. Passing the home along to a family member or heir takes

September 5, 2025