Drafting and completing your will requires careful consideration of how you’ll distribute your assets, and to whom. Many people don’t consider the possibility that their will could be contested in court, delaying the completion of their estate. But it’s always possible that someone could contest … [Read more...] about Why Can A Will Be Contested?
Located in Cook County, Chicago has a large population of almost 3 million people. Only New York City and Los Angeles are bigger. Finding a top Chicago estate planning attorney can seem daunting especially if you consider the larger Chicago metropolitan area, where the population is over 9 million. … [Read more...] about Chicago Estate Planning Attorney
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)
While planning your estate, you’ll carefully consider what to give to each of your beneficiaries carefully—your spouse, children, grandchildren, other relatives, and even friends. But there is one thing that you may not have yet considered: federal estate taxes. One of the many roles an … [Read more...] about Will You Be Subject to Federal Estate Tax Payments Upon Your Death?
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?