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?
How Pour-Over Wills And Living Trusts Work Together In Glenview, IL
After you’ve completed your estate planning, you may feel like you’ve taken care of everything, dotted all the I’s and crossed all the T’s. You’ve written a will and created trusts to keep as much as you can out of the probate process. But it’s also possible that you’ve overlooked something, … [Read more...] about How Pour-Over Wills And Living Trusts Work Together In Glenview, IL
Benefits of “Planned Giving” in Chicago, IL
Planned giving is one of those pieces that you can add to your estate plan to recognize and donate to your favorite nonprofit when the time comes. A complete estate plan involves a number of different pieces—a will, trusts, powers of attorney (particularly a durable POA), medical directives, a … [Read more...] about Benefits of “Planned Giving” in Chicago, IL
How Does the 2020 SECURE Act Affect Illinois Retirement Planning?
You’ve probably heard of the Setting Every Community Up for Retirement Enhancement Act (SECURE) that went into effect on January 1, 2020. Part of a larger federal spending package, the Act brings about reforms intended to make saving for retirement easier and within reach of more Americans than ever … [Read more...] about How Does the 2020 SECURE Act Affect Illinois Retirement Planning?
Events In Your Life That Warrant Reviewing Your Estate Plan
If you’ve finally completed your estate plan, you may be feeling a sense of accomplishment. You’ve put your wishes in writing, and you’ve made sure your spouse, children, grandchildren, or other relatives have been taken care of. They will receive the money, property or other things you intended … [Read more...] about Events In Your Life That Warrant Reviewing Your Estate Plan