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Estate Planning

Do Bank Accounts Automatically Go to Family After Death?

When a loved one dies, family members often want to account for their belongings and to make sure any division and distribution of assets is done fairly and legally. It raises the question, how are bank accounts handled after the account holder’s death? Do the funds automatically get transferred to a family member? Who decides?

February 12, 2026

Estate Planning

Can Parents Leave Money With Conditions Attached?

When a parent or guardian dies, the expectation is for their heirs to receive the benefit of the deceased’s estate, including properties, family heirlooms, and investment accounts. But there may be strings attached to the inheritance. One or all of the heirs may be required to meet specific criteria to receive their portion of the

February 10, 2026

Estate Planning

What is the Illinois Estate Tax Threshold? A Guide for Illinois Residents

Passing assets and property to heirs after a life of hard work is the goal of many Americans. Understanding estate taxes, exemptions, and how they apply to your assets is key to strategic estate planning. A qualified estate planning attorney can guide you, explaining the tools available and how each interacts with your wishes. Taxes

January 22, 2026

Estate Planning

How Family Property Gets Passed Down Over Generations

Keeping a piece of property in the family can be a point of pride and a sentimental touchstone. It’s also a way to transfer wealth to your children and grandchildren. Understanding and properly using the tools available to transfer real property requires planning. The counsel of an estate planning attorney can protect your assets and

January 22, 2026

Estate Planning

What Happens to Family Property When Siblings Don’t Agree?

Coping with the death of a family member can be a trying and stressful time. In some families, these situations bring long-simmering disputes to the surface, particularly regarding inheritances and promises. When siblings can’t agree on ownership, a family member’s final wishes, or the execution of estate plans, legal expertise is required. An experienced estate

January 22, 2026

Estate Planning

How Inheritances Work When Parents Remarry

Blended families constitute nearly 40 percent of all living arrangements in the United States. These occur when one or both parents remarry, adding stepchildren and additional grandchildren to the mix. These can be joyful groups and result in many new friendships but when considering estates and inheritances things can get sticky. An experienced estate planning

January 14, 2026

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 23, 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 23, 2025

Tax

How Federal and Illinois Estate Taxes Work Together — and Why It Matters

Estate taxes are the sums paid to state and federal government when a person dies. They seem to be simple, in concept, but having a clear understanding of how state and federal taxes apply and interact, and how they impact your financial legacy is critical. An experienced estate planning attorney can help you understand how

December 23, 2025

Tax

What Illinois families should know: New tax laws in 2026

The year’s end provides many opportunities to celebrate and others to anticipate. As 2026 begins, there are a few new reasons to be optimistic about filing your taxes, as there have been changes in state law in several recent years. Being aware of these benefits to your bottom line can put a positive spin on

December 10, 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