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Estate planning insights and legal resources.
What Assets Cannot Be Placed in a Trust in Illinois?
Establishing a trust can be one of the best ways to protect your assets and ensure that the people you want to leave your property to receive the items you want them to. You’re able to clearly outline who receives what as long as the items they’re inheriting are placed in the trust. Unfortunately, not
February 19, 2025
How Much Does a Trust Cost in Illinois?
When you’re looking for a way to take care of your loved ones when you pass away, creating an estate plan is an absolute must. And for many people, establishing a trust can help them more effectively care for their beneficiaries and reduce the risk of costly probate processes eating into the inheritances they want
February 19, 2025
Is a Trust Better Than a Will in Illinois?
If you’re exploring the estate planning process, you’ve likely encountered two tools: wills and trusts. Both of these tools can help you distribute assets to your loved ones and chosen beneficiaries, but they work in different ways. Before you can decide if a trust is better than a will for your situation, it’s helpful to
January 28, 2025
Who Inherits When There Is No Will In Illinois?
Leaving behind a last will and testament is one of the easiest ways to ensure that your final wishes are honored. However, not everyone has a will and that lack of a will can complicate your loved ones’ ability to honor your final wishes over who inherits which parts of your estate. Here’s what your
January 20, 2025
Should You Put Your House in a Trust in Illinois?
Planning for your loved ones’ futures is a simple way to leave a lasting legacy, and the best way to do that is to create a comprehensive estate plan. These plans can go beyond simple wills and power of attorney designations. They can also include trusts designed to simplify the inheritance process, which can be
December 12, 2024
How Much Does Estate Planning Cost in Illinois?
Creating an estate plan is one of the best ways to ensure that your final wishes are honored by your loved ones and the state. It’s designed to help individuals from all walks of life and with all types of assets preserve their legacy. However, many people feel that estate planning is too expensive or
December 12, 2024
4 Essential Tips for Estate Planning for Singles
Most people assume that they only need an estate plan when they have a spouse or children. This leaves many single people under the impression that estate planning isn’t necessary or is just a waste of time since their estates are typically less complicated. Nothing could be further from the truth. Estate plans are just
November 27, 2024
How Do You Interview an Estate Planning Attorney?
Creating an estate plan is a great way to ensure that your final wishes are honored, and your estate is managed the way you want it to be when you’re no longer able to oversee the process. While you can create an estate plan on your own, doing so isn’t the best option. Instead, you’ll
November 27, 2024
What Is a Power of Attorney (POA) and How Do You Establish One?
When you think of creating an estate plan, you likely imagine writing a will or outlining your final wishes. While these tasks are certainly important and beneficial, they’re not the only thing your estate plan should include. You’ll also want to create provisions for a power of attorney (POA) to manage your affairs if you’re
October 22, 2024
The Basics of Estate Planning in Illinois: What You Need to Know
One of the best ways to keep your family safe and to provide for your loved ones, in the long run, is to create a comprehensive estate plan. This plan is much more than a will. It outlines exactly how you want your entire estate managed after you pass away or become incapacitated and unable
October 15, 2024
How to Choose a Guardian for Your Child
Part of your estate planning efforts should always involve looking out for those you love. If you have children, one of the most important steps you can take is to appoint a guardian to care for them if you’re unable to do so. But before you can tell your Illinois estate planning attorney to include
September 10, 2024
What Are the 7 Steps in the Estate Planning Process?
Creating an estate plan is a great way to secure your legacy and provide for your loved ones when you’re unable to do so. But if you’ve never created one, the process can easily feel overwhelming. Understanding the steps you’ll need to take before you meet with your Illinois estate planning attorney can help you
September 10, 2024