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
Asset Protection in Estate Planning
Asset protection is an essential part of a comprehensive estate plan and should be a part of the discussion between you and your estate planning attorney. It is a feature of estate planning intended to protect your assets from any possible legal interference or judgments or creditor claims. You … [Read more...] about Asset Protection in 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)
What Duties Are Required if You Are The Executor of an Estate in Glenview, IL?
Have you been named the executor of someone’s will and/or estate? It may seem like an easy task, but it isn’t. An executor is a person who finishes up the details of someone’s life when they pass on. An executor is more than just a ceremonial role. If you’ve been named as the executor of … [Read more...] about What Duties Are Required if You Are The Executor of an Estate in Glenview, IL?
Important Documents In Chicago Estate Planning?
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?
