In the process of planning your estate, you may decide to incorporate a favorite nonprofit to make sure they continue to receive your help. There is a way to do that, and it doesn’t involve making your survivors or beneficiaries write checks every month. A charitable trust lets you give a … [Read more...]
Getting Ready for Tax Time
With the start of a new year, it is time to get ready for tax season. Here are some things you need to know: The federal government shutdown does not affect your tax deadlines. It may affect when you get your refund. The IRS has stated that taxes must still be … [Read more...]
What’s The Advantage Of Having A Living Trust Before Marriage In Chicago, IL?
If a wedding is in your immediate future, chances are estate planning isn’t on your list of things to do. But if you have significant assets, children to whom you plan to leave them to, or planning to have or adopt children, estate planning becomes important for both your intended spouse and any … [Read more...]
What Is Chicago’s Definition of a Living Trust?
Chicago is home to some of the most prosperous estates in Illinois; and rightfully, many of its inhabitants are interested in making sure their wealth is passed on how and to whom they desire. Streamlining this process and making it as clear and indisputable as possible is the role of estate … [Read more...]
Can a Living Trust Affect My Child’s FAFSA for a Chicago College or University?
Funding your child’s higher education can be daunting, and every parent waits with bated breath to see how much the Free Application for Federal Student Aid (FAFSA) might help chip away at the monstrous bill. But the superficially “straightforward” process of reporting your assets and income can be … [Read more...]