As adults, most of us do not always think about our own estate planning than we should. With this in mind, helping aging parents with estate planning is important to your parents and also to you. Your aging parents will one day need your help, and things will go better if there are certain tools in … [Read more...] about Helping Aging Parents With Estate Planning
Understanding Grantor Retained Annuity Trust (GRAT)
Estate planners who want to maximize their estate for their beneficiaries but reduce their estate for tax purposes have a wide range of tools to choose from. Trusts are one of the many ways to transfer money from an estate into separate mediums for the beneficiaries. Although we've discussed … [Read more...] about Understanding Grantor Retained Annuity Trust (GRAT)
Healthcare Directives—What’s Recommended
When you visit your doctor, you have the opportunity to make informed choices about your healthcare. Whether it’s a prescription to treat high blood pressure or hypertension or something more serious like cancer, you’ll discuss these things with your healthcare provider before beginning or changing … [Read more...] about Healthcare Directives—What’s Recommended
Poor Estate Planning Affects Your Heirs in Chicago
Planning your final affairs is never an enjoyable activity. Most people really don’t want to think about what they need to deal with when they pass away. Is this you? Think about is not only what will happen to you, but what will happen to your spouse, children, and any relatives or friends who … [Read more...] about Poor Estate Planning Affects Your Heirs in Chicago
The “New Illinois Trust Code” For 2020
If you have a residence outside of Illinois, you’re probably aware that the state laws surrounding wills and estate plans can be markedly different. If you have a family home in nearby Gary, Indiana, or frequently travel north to Wisconsin, which state law takes precedence if you die … [Read more...] about The “New Illinois Trust Code” For 2020
