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...]
Appointing A Guardian For An Incapacitated Loved One In Glenview, IL
The ability to care for one’s self is something most people take for granted, until they’re no longer able to do so. Some may not realize they need help, or do and don’t ask for it. You may have a relative who is getting on in years and doesn’t realize they’re in need of assistance. They may … [Read more...]
Reasons to Amend a Living Trust in Glenview, IL
During the course of your estate planning, setting up a living trust (or two) may be an integral part of your overall plan. It’s a relatively safe, easy way to cover asset distribution without the time and expense of probate court for your family and beneficiaries. Plus, you keep your property while … [Read more...]
Overall Giving Declined in 2018 According to Giving USA
By James Provenza Giving USA has issued its annual report for giving, and the news for 2018 was somewhat troubling. Overall giving was down 1.7% from 2017. We suspect there are several reasons for … [Read more...]
What is “Charitable Trust Doctrine” in Chicago, IL?
When you give to a nonprofit for the purpose of continuing its good work, especially as part of your estate plan, how do you know it will be used as you intended? business people handshake with laptop computer and clipboard on desk after finishing up a business meeting contract in office … [Read more...]