As we enter the New Year, many of us have a list of resolutions we’d like to accomplish. One resolution that is often overlooked but is an important one to consider is getting your affairs in order. There are many steps that can be taken to make sure that our affairs are in order so that we can … [Read more...] about New Year Resolution – Getting Your Affairs in Order
“Grantor Retained Annuity Trust” In Chicago, IL?
One of the biggest issues in estate planning is how much the beneficiaries will actually receive once probate is finally completed. For high-net estates, this can be a serious concern, leading to trusts and other instruments that take assets out of an estate for the purpose of probate. If you’re … [Read more...] about “Grantor Retained Annuity Trust” In Chicago, IL?
How Can I Protect My Inheritance From Medicaid In Illinois?
For most people, receiving an inheritance is a pleasant experience. It’s a final gift from a relative and can either be saved, invested, or used for something that isn’t in the current budget. Sometimes an inheritance is an unexpected surprise. However, if the recipient is on Medicaid, that … [Read more...] about How Can I Protect My Inheritance From Medicaid In Illinois?
The SECURE Act Can Affect Your Estate Planning
You may have heard about the SECURE Act that brings changes to retirement and estate planning. If you haven’t spoken with your estate planner yet, it may be time to schedule that appointment. The formal name is the Setting Every Community Up for Retirement Enhancement Act of 2019 and became … [Read more...] about The SECURE Act Can Affect Your Estate Planning
Do I Have To Pay Taxes On Money Given To Me As A Gift In Chicago, IL?
You’ve just been gifted a sum of money either by a relative, or through a deceased person’s will. And you are wondering "What tax implications come with it?" What Does “Gift” Actually Mean? A gift is something given without the expectation of something in return. When someone gives you … [Read more...] about Do I Have To Pay Taxes On Money Given To Me As A Gift In Chicago, IL?
