Many people believe that if they have a will, they’ve got everything covered. However, that’s not always the case. For the family left behind, the more estate documentation you can leave them, the better. Specify your desires on the distribution of your assets when you pass will help your family … [Read more...] about Important Documents In Chicago 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...] about The Value Of Life Insurance In Illinois Estate Planning
Married couples frequently have separate property—that is, property that belongs to one of the parties, and isn’t part of the marital estate. It could be a piece of real estate, a business, or other asset that they had prior to the marriage or inherited during the marriage. Separate property … [Read more...] about What is a “Transmutation” in Estate Planning in Illinois?
In the process of estate planning, you may want to ensure that your spouse, children, or other beneficiaries receive what you intend them to have. Unfortunately, if your medical needs require you to enter a long-term medical facility, anything over $2,000 will be subject to use in paying for your … [Read more...] about Can A Living Trust Protect Your Assets From Medicaid?