Choosing an executor for your last will affects how smoothly your estate gets administered. An executor manages your estate after you pass away and ensures that your wishes are followed in your estate plan. This person oversees the probate process, settles debts, and distributes assets among your … [Read more...] about Choosing an Executor for Your Last Will
Legal Choices for Elder Care in Chicago
Planning for your future and ensuring that your wishes are honored can be a complex process, but with the right resources and guidance, you can feel confident in your decisions. When it comes to elder care, estate planning is a crucial component. By taking the time to understand and address your … [Read more...] about Legal Choices for Elder Care in Chicago
Things To Know About Trusts
Many people believe that trusts are only for very wealthy people, in part because of the term “Trust Fund Baby.” But actually, a trust can be a useful estate-planning tool for lots of people. To know if a trust should be part of your plan and if so, what type, you will want to discuss this with your … [Read more...] about Things To Know About Trusts
Things To Know About Wills
Creating a will alone or as part of a larger estate plan can seem a big deal. But it is a fundamental task that without it, any wishes about how you want your assets to be distributed will not be known. If you die without a will, then the state will distribute your assets through the probate court … [Read more...] about Things To Know About Wills
What is the Power in a Power of Attorney?
A power of attorney is a legal document that grants another person the authority to act on a person's behalf in financial matters, medical decisions, and other matters. It is a powerful document that can be used in a variety of ways to give someone else the authority to handle your affairs when you … [Read more...] about What is the Power in a Power of Attorney?
