A last will and testament may be one of the most important documents of a person's estate plan, and because of the power of a will, it's essential to make sure that it covers every angle according to the individual's wishes. When a person dies and his/her will goes into effect, the courts try to … [Read more...] about Legal Grounds To Contest A Will
What Is An Inheritance Tax And How Can I Minimize It In My Estate Plan?
One of the central goals of an estate plan is to maintain and protect the wealth that you've accumulated throughout your life. However, if your wealth is higher than the estate tax threshold in Illinois, then you may have to pay a fairly significant inheritance tax (or estate tax) after your die. … [Read more...] about What Is An Inheritance Tax And How Can I Minimize It In My Estate Plan?
Illinois Estate Planning for Unmarried Couples
Estate planning is critical for any intelligent wealth management plan, and thorough estate planning includes wills, trusts, powers of attorney, healthcare directives, and so forth. Included in most estate plans are provisions and directives for spouses, and under Illinois law, legally married … [Read more...] about Illinois Estate Planning for Unmarried Couples
What is the Difference between a Will and a Revocable Living Trust?
Chicago Estate Planning Attorneys Answers: What is the Difference between a Will and a Revocable Living Trust? In the world of estate planning, one of the more important questions you may come across is "Do I establish a revocable living trust or a will?" The purposes behind these two strategies … [Read more...] about What is the Difference between a Will and a Revocable Living Trust?
What is a Digital Estate?
Chicago IL Estate Planning Attorney Answers, "What is a Digital Estate?" The digital age has been around for quite some time now, and as many Illinois residents are getting older and planning their estates, they are realizing that they have a wealth of assets and other property digitized and … [Read more...] about What is a Digital Estate?