Power in Collaboration®
If you are a Millennial, should you have a will in order? Estate planning may seem like something for older folks – something you do not need to consider until you reach at least your 50s or 60s, right? Not so fast. No matter how old you are, if you have assets, you need to have a… Read more »
Illinois residents have a lot of options when it comes to estate planning, giving away some of their money to charity and providing for their families. Charitable trusts offer an incredible amount of options when it comes to charitable contributions that can help you with tax management, saving you and your family money. Charitable trusts… Read more »
Illinois residents have a lot of options when it comes to estate planning, giving away some of their money to charity and providing for their families. Charitable trusts offer an incredible amount of options when it comes to charitable contributions that can help you with tax management, saving you and your family money. Charitable trusts… Read more »
When you and your spouse decide to have children, you probably hoped to give them the best possible start at life. Sometimes, no matter how careful you are during pregnancy, your child is born with a disability. Cerebral palsy, Down Syndrome and Autism are conditions that will impact your child for the rest of his… Read more »
A politician in Illinois is pushing for updates to a law that he says compromises local farming families. The legislative improvements would be designed to address estate tax issues that could cause problems for agricultural legacies in the state. Reports show that Illinois is one of the most antiquated states when it comes to inheritance tax for… Read more »
What types of documents do you need to have on file with an estate attorney? Estate planning can be a challenging topic, largely because so many clients are unaware of the major benefits that can come along with creating the right estate protection. Do not be caught unaware at your end-of-life stage. Instead, enlist the… Read more »
You have probably heard of the various types of trusts in Illinois, including irrevocable and revocable trusts, many of which are used in estate planning. Did you know that there are other types of trusts, some of which are created specifically by the courts? One example is constructive trusts. What makes these constructive trusts different from… Read more »
Getting named as an executor to someone else’s estate is a dubious honor (and sometimes not worth what is agreed by the parties or allowed as a fee by the Probate Court). It means that the person who passed trusted you to fulfill his or her wishes, which reflects well on your character. There can… Read more »
A beneficiary of a famous Illinois woman’s estate is facing legal charges after he allegedly sold negatives of the woman’s high-value street photographs without court approval. The man is reportedly taking a stand against the public entity that is overseeing the estate litigation, saying that a government entity should not be in charge of her stunning… Read more »
One of the greatest fears that most of our clients have is the loss of all their assets to an extended home care, assisted living or nursing home stay. 66% of all nursing home residents finance their stay through the federal Medicaid program. But receiving Medicaid to pay for your nursing home requires meeting the… Read more »