Advanced directives are for end-of-life care as well as periods of temporary incapacity. Most people believe they are just for frail elderly people. But nearly anyone can be in an incapacitated state where they are unable to speak for themselves. You’ve probably heard the term “advanced … [Read more...] about How Do Advanced Directives Work?
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
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?
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
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?