Planning your final affairs is never an enjoyable activity. Most people really don’t want to think about what they need to deal with when they pass away. Is this you? Think about is not only what will happen to you, but what will happen to your spouse, children, and any relatives or friends who … [Read more...] about Poor Estate Planning Affects Your Heirs in Chicago
Estate Planning And The Gift Tax In 2020—What You Should Know
Because the world is still in flux with the lingering effects of the pandemic, estate planning may not be a the top of your list. However, current events make it the best time to pay attention to the so-called “gift tax” so you can take advantage while the maximum limits have been more than … [Read more...] about Estate Planning And The Gift Tax In 2020—What You Should Know
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
What Are The Steps Of The Illinois Probate Process?
After someone dies, there is a legal procedure that handles the administrative part of their final affairs. Called “probate” in Illinois, it involves following the instructions in the decedent’s will, if there is one. If there is no will, an executor is appointed and the property is distributed … [Read more...] about What Are The Steps Of The Illinois Probate Process?
Important Details To Consider In Funding Your Living Trust
Establishing a living trust is a suitable instrument to protect yourself in case of illness, mental incapacity, and avoiding the probate process at death. You’ll transfer property into the trust and name yourself as trustee, in order keep control of it. Once your living trust has been … [Read more...] about Important Details To Consider In Funding Your Living Trust
