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Estate planning insights and legal resources.
Understanding the Illinois Estate Tax – What It Means for Your Estate
You want to create the most favorable conditions for your loved ones when you pass away, and for most, that means creating a detailed estate plan that outlines their wishes and leaves nothing up to chance. While your Illinois estate planning attorney can help you do just that, your estate may have to pay certain
August 8, 2024
What Are the Rules for Estate Planning in Illinois?
Your estate plan is a comprehensive outline of how you want your assets managed or distributed, who you want to care for your minor children, and who you want to handle important decisions if you’re unable to make them yourself. With so much on the line, it should come as no surprise that there are
August 8, 2024
What Happens if You Don’t Have Power of Attorney
Estate plans are comprehensive documents that provide clear direction for your loved ones and the court if you pass away or are unable to make informed decisions. These plans include provisions for what happens to your money, your assets, your children, and other aspects of your estate if you’re no longer able to manage them
July 31, 2024
The Role of Estate Planning in Illinois Retirement Planning
When you think about your retirement plan, what do you focus on? If you’re like most, you think about your retirement accounts and your investment portfolio. Why? Because those plans hold many assets designed to help you live the life you want when you’re no longer working. While your retirement accounts are certainly important, they’re
July 18, 2024
To the Millennials: The Time to Plan Is Now
As a millennial, you are contributing to the workforce in a major way and are making positive changes in the world around you. We understand that your concerns may differ from someone of a different generation, and we are here to help you craft an estate plan that protects your future and addresses the things
July 11, 2024
What to Do if You Inherit a House in Illinois
When people create estate plans, establishing a plan for what happens to their homes if they pass away is essential. Many choose to let a loved one inherit the property and give them the full freedom they need to decide what to do with the home once ownership transfers to them. If you’ve recently inherited
June 28, 2024
Why You Need an Estate Plan, No Matter Your Age or Wealth
When you’re young, the future feels like it’s filled with endless possibilities. This leads many younger adults to believe that they have plenty of time to plan for changes in their health or to provide clear direction for how their assets should be managed when they pass away. While estate planning is often viewed as
June 13, 2024
A Quick Overview of the Illinois State Probate Process
When you pass away, the state will look to your will and your estate plan to determine who inherits which parts of your estate. That’s why creating a will and having a functioning estate plan in place is so important. Without it, the state is left to determine who receives which assets based on the
May 30, 2024
What Is the Order of Inheritance in Illinois?
Figuring out who inherits which parts of your estate is a key component of estate planning. And while your Illinois estate planning lawyer can help you create a plan that clearly outlines your wishes, it’s still helpful if you understand the ins and outs of the state’s rules before you start. This way, you’ll have
May 21, 2024
4 Reasons to Hire an Illinois Real Estate Lawyer When Selling Your Home
Selling your home can be a long and complicated process. And while your real estate agent may be able to help you manage your listing and set a fair asking price, they’re not the only professional you’ll want to have on your side. Many homeowners can benefit from working with an experienced Illinois real estate
April 30, 2024
Don’t Let This Crucial Question Derail Your Estate Plan
Sitting down to create or update your estate plan can be overwhelming. Crucial to a successful plan is your ability to address two major questions: Who will get your stuff when you die, and how do you want those individuals or charities to receive that stuff? Ways to Give Away Your Money and Property Outright
April 23, 2024
What Is the Difference Between a Probate and Trust Administration Attorney and an Estate Planning Attorney?
Estate planning attorneys and probate and trust administration attorneys play crucial but distinct roles in the legal processes involving legacy planning, asset distribution, and wealth preservation. Estate planning attorneys focus on creating a plan to manage a person s money, property, and affairs upon their death or if they are unable to manage it themselves. Probate
April 23, 2024