While considering beneficiaries for your estate plan, think about one thing—are any of them currently minors? You might be thinking that by the time you pass away, they’ll be past the age of maturity, especially if your children are fairly young. If you’re an elderly grandparent, that may be … [Read more...]
Nonprofit Fiscal Sponsorship in Chicago, IL
Having an idea for a new nonprofit is not the same as actually starting it. In many ways, it’s just like starting a small business, including incorporation, hiring the right people, and selecting officers and the board of directors. If you’ve been working on your ideas and are ready to take … [Read more...]
Setting up Healthcare Directives in Glenview, IL
No matter what age you are, there may come a time when you are unable to make your own decisions about your healthcare. This is particularly true when you are in an emergency situation, such as a car accident or other unexpected situation where you are at the mercy of another person’s … [Read more...]
What Happens If The Beneficiary Of An Educational Trust Doesn’t Go To College?
Providing for your children, grandchildren or other young relative’s education is another way to provide for your family after you’re gone, as well as create another trust for your estate plan. These trusts aren’t traditional trust funds, but a 529 college savings plan to be used for educational … [Read more...]
What Information Do You Need To Begin Forming An Estate Plan?
The first step of forming your estate plan involves one thing: getting started. You may be avoiding it because you feel overwhelmed. But like any big project, you have to start somewhere. In the end, you’ll have a thorough, complete estate plan that will protect your interests, follow your wishes, … [Read more...]