If you’re just beginning your estate planning, you’re probably thinking that you should start with a will. Without it, the state will take care of your affairs, and probably not in the way you might have wanted. This is especially true if your children are minors, and they could end up with … [Read more...] about What Are The Different Kinds Of Wills Available In Illinois?
What Does The Term “Probate Caveat” Mean And What Is It For?
When constructing your estate plan, it’s important to consider the variables that can happen and discuss them with your estate planning attorney. Once you’re gone, you can’t go back and change anything, especially in your will. During the course of the probate process, your will could be … [Read more...] about What Does The Term “Probate Caveat” Mean And What Is It For?
Can A Living Trust Protect Your Assets From Medicaid?
In the process of estate planning, you may want to ensure that your spouse, children, or other beneficiaries receive what you intend them to have. Unfortunately, if your medical needs require you to enter a long-term medical facility, anything over $2,000 will be subject to use in paying for your … [Read more...] about Can A Living Trust Protect Your Assets From Medicaid?
Giving To Charity After Tax Reform
The Tax Reform Act passed in December 2017 radically changed the rules for itemized deductions. This has affected charitable giving in a significant way. First, the act restricted state and local tax deductions to $10,000 total. Second, it increased the standard deduction for a single person to … [Read more...] about Giving To Charity After Tax Reform
Setting up Healthcare Directives in Glenview, IL
No matter what age you are, there may come a time when you are unable to make your own decisions about your healthcare. This is particularly true when you are in an emergency situation, such as a car accident or other unexpected situation where you are at the mercy of another person’s … [Read more...] about Setting up Healthcare Directives in Glenview, IL
