Estate planning can encompass a wide range of instruments that can preserve wealth and provide your grandchildren with an education that will serve them well in the future. But just leaving them a large sum of money in your will that you’ve earmarked for “education” may not be the best idea. … [Read more...] about Educational Trusts for Grandchildren
If you’ve recently married, remarried, had children or grandchildren, or had other new life events, you may not yet have an estate plan. But in any stage of life, it’s important to make arrangements for your loved ones. Whether you’re starting your estate planning or are regularly reviewing it, a … [Read more...] about How Your Will Is Part Of Estate Planning
The continuing COVID-19 pandemic continues to lead the US and the world in changes to everything in daily life. In response, Congress and state legislatures rushed to pass bills to ease the difficulties caused by the shutdown of so many businesses that left many people in a lurch. To help … [Read more...] about Pandemic Tax Law Changes
A new president brings plenty of new ideas, plans, and potential changes to existing laws that govern nearly every aspect of everyday life. While many things are said during campaigns, it’s what they do after Inauguration Day that actually counts. One rule of thumb is that when a candidate tells … [Read more...] about Review Illinois Estate Plans When New Presidents Take Office.
A will is one part of an overall estate plan, designed to make sure your wishes are respected and your family is protected. But creating a will isn’t the end of it—estate planning is a regularly updated process where you and your attorney work to include everything. Scenario 1: you’ve written … [Read more...] about What Is A Codicil To A Will And When Is It Used In Chicago, IL?