Power in Collaboration®
Some art investors have a knack for buying and selling works of creative inspiration. The investments they make can pay dividends as their art pieces climb in value. However, when you own a number of works of art that have increased in value significantly over the years, planning for how these assets will be transferred… Read more »
Not all Illinois residents go to a tax accountant to prepare their tax returns. Some go to tax lawyers who can help them prepare their tax filings in a legally appropriate manner. Fortunately, many tax lawyers offer competitive rates that compare to accounting firms that perform similar services. At Robbins DiMonte, we offer a variety… Read more »
Probate will not necessarily be an easy process for your heirs. It will cost money, it will take time and it could bring a certain amount of stress. As such, many Illinois estate planners will want to take action to help their heirs avoid probate wherever possible. One strategy for avoiding probate involves the use… Read more »
A spendthrift trust is a special kind of trust for estate planners who are worried about gifting a large sum of money to their heirs all at once. Perhaps you’re concerned that a teenage heir is too immature to handle a big inheritance. Or, maybe you have a someone you want to give money to,… Read more »
A spendthrift trust is a special kind of trust for estate planners who are worried about gifting a large sum of money to their heirs all at once. Perhaps you’re concerned that a teenage heir is too immature to handle a big inheritance. Or, maybe you have a someone you want to give money to,… Read more »
Nobody likes to pay taxes, and that’s why — when there’s a tax advantage you can take — you’ll probably pursue any financial break you can get. Charitable remainder trusts are very popular in this regard. They are tax-exempt trusts designed to lower your taxable income. Imagine you have a vacation home in The Bahamas… Read more »
When you’re newly engaged, you probably want to focus on all your hopes for the future, not the worst-case scenario. For many people, talking about a prenuptial agreement during an engagement can feel pessimistic or even too much like business. However, the greater your existing assets and potential for obtaining additional wealth, the more important… Read more »
Some Illinois residents never create an estate plan, making the days and months following their death stressful and challenging for the loved ones and potential heirs they leave behind. Other, more responsible Illinois residents create detailed and well-crafted estate plans that cover every last detail — making things as easy as possible for the loved… Read more »
Irrevocable trusts are some of the most popular forms of trusts out there today because of the many advantages they provide. These trusts are very easy to create and can be done with the help of an experienced attorney. Here are just a few of the benefits of creating an irrevocable trust in Illinois. One… Read more »
Most parents feel fortunate when they have considerable assets to pass on to their children, either while they’re still alive or after they’re gone. However, there are some situations where parents may not feel it’s wise to give an adult child sole control over a large amount of money. Sons or daughters may have shown… Read more »