Managing your estate protects your financial future and preserves your family's inheritance. Estate taxes reduce the value of your estate in Illinois and limit what your heirs receive. We explain how to avoid the estate tax in Illinois through strategies that align with your wishes and financial … [Read more...] about How to Avoid Estate Tax in Illinois
Choosing an Executor for Your Last Will
Choosing an executor for your last will affects how smoothly your estate gets administered. An executor manages your estate after you pass away and ensures that your wishes are followed in your estate plan. This person oversees the probate process, settles debts, and distributes assets among your … [Read more...] about Choosing an Executor for Your Last Will
Can You Change a Charitable Trust Beneficiary?
Changing a charitable trust beneficiary requires a careful legal approach. Charitable trusts serve philanthropic purposes, but circumstances sometimes call for adjustments. Legal requirements, trust terms, and tax considerations influence the process. An estate planning attorney ensures compliance … [Read more...] about Can You Change a Charitable Trust Beneficiary?
Trump directs end to paper government checks
The Trump administration has issued an executive order directing for the elimination of most paper checks issued by government agencies and by taxpayers for government payments by September 30, 2025. The Executive Order will require the use of electronic deposits for most government benefits s … [Read more...] about Trump directs end to paper government checks
What Are The 7 Steps in the Estate Planning Process?
Your estate plans are among the most important decisions you’ll make. This plan lays the groundwork for how your family will be able to manage after you’re gone. If you’re wondering, "What are the 7 steps in the estate planning process?" here is an estate planning checklist you can use to start the … [Read more...] about What Are The 7 Steps in the Estate Planning Process?
