After you’ve completed your estate planning, you may feel like you’ve taken care of everything, dotted all the I’s and crossed all the T’s. You’ve written a will and created trusts to keep as much as you can out of the probate process. But it’s also possible that you’ve overlooked something, … [Read more...]
The Value Of Life Insurance In Illinois Estate Planning
Most people think of life insurance as just a payout after someone dies. It can be, but life insurance can also be an integral part of your estate plan as well. Of course, a life insurance policy can offer loved ones some financial stability after death, but you can also maximize the value of a … [Read more...]
Why Nonprofit Startups Need A Nonprofit Attorney In Chicago Illinois
Nonprofits come in a wide range of types—educational, religious, animal rescue/welfare, housing development, social services agencies, among others. Each organization has a specific group they serve that isn’t being helped elsewhere. What they all have in common is the desire to help others for the … [Read more...]
Benefits of “Planned Giving” in Chicago, IL
A complete estate plan involves a number of different pieces—a will, trusts, powers of attorney (particularly a durable POA), medical directives, a letter of intent (for the executor), guardianship directives (if applicable), and designations of beneficiaries. When the time comes, everything … [Read more...]
How Does the 2020 SECURE Act Affect Illinois Retirement Planning?
You’ve probably heard of the Setting Every Community Up for Retirement Enhancement Act (SECURE) that went into effect on January 1, 2020. Part of a larger federal spending package, the Act brings about reforms intended to make saving for retirement easier and within reach of more Americans than ever … [Read more...]