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Problems Created When No Will Is Available

People who have had a serious case of COVID-19 are 66% more likely to engage in estate planning, and 32% of adults under 35 said they wrote a will because of the pandemic.

Posted on: October 10, 2022

Is a Living Will the Same as an Advance Directive?

Most people think of wills as written instructions for use after death. In contrast, living wills provide your instructions for continuing or halting life-sustaining healthcare while you’re alive.

Posted on: October 7, 2022

Why are Trusts a Good Idea?

Whether you are trying to protect your assets from possible creditors, prevent young heirs from spending their inheritance or minimize estate taxes, there is likely a trust for you.

Posted on: October 6, 2022

Did Stevie Ray Vaughan have a Will?

After Vaughan tragically died, the matters of his estate were decided by state and the Vaughan family.

Posted on: October 6, 2022

Who Inherits Queen Elizabeth II’s Fortune?

Is Prince Charles III the sole heir of Queen Elizabeth’s fortune?

Posted on: October 4, 2022

The Difference between Revocable and Irrevocable Trust

A trust is an estate planning tool that you may consider using if you want to go beyond drafting a last will and testament.

Posted on: October 4, 2022

How Do You Provide Financial Help for a Special Needs Child and Retirement Too?

People with children who cannot support themselves need to think well past their own lifetime and figure out how to provide for children after they are gone.

Posted on: September 30, 2022

The Most Important Part of Estate Plan Is Planning for Living

Does a person need a Power of Attorney document if that person already has a Last Will and Testament (‘Will’)? It is a good question.

Posted on: September 29, 2022

There are Less Restrictive Alternatives than Guardianship

Although laws vary from state to state, every state requires that less restrictive alternatives be considered before invoking a guardianship. These might include such vehicles as limited guardianships, powers of attorney or assisted decision-making agreements.

Posted on: September 28, 2022

Why Is It Important to have an Estate Plan?

The new Federal Estate tax limit (above which Federal estate taxes will be payable) is $11,200,000.00 per person. Yes, most of us will not hit that limit, but 19 of the 50 states, Illinois included, impose an estate tax of their own ranging from .25% to almost 20% of your estate.

Posted on: September 27, 2022