A charitable remainder trust is an estate planning tool that can provide both financial and tax benefits to you. It allows you to transfer assets from your estate into a trust, which will then be used to benefit a charity or charities of your choosing while also allowing you to receive regular … [Read more...] about What is a Charitable Remainder Trust?
Chicago Living Trusts Attorney
Chicago Living Trusts Attorney A living trust is an estate planning tool that can help to protect your assets and provide an easier transition of wealth between generations. In this blog, Chicago living trusts attorney James Provenza will review living trusts and answer some common questions about … [Read more...] about Chicago Living Trusts Attorney
Estate Planning for Unmarried Couples in Chicago
Estate planning is a crucial process that everyone should undertake to ensure that their property and assets are distributed according to their wishes after they die. In particular estate planning for unmarried couples can be a bit more confusing. Committed unmarried couples often neglect to do … [Read more...] about Estate Planning for Unmarried Couples in Chicago
The Purpose of Probate in Illinois
In Illinois, after someone passes, there is an administrative process called probate that handles the deceased’s final affairs including distributing their assets and property of their estate according to their will. This is the purpose of probate in Illinois. This court-supervised process … [Read more...] about The Purpose of Probate in Illinois
Things To Know About Trusts
Many people believe that trusts are only for very wealthy people, in part because of the term “Trust Fund Baby.” But actually, a trust can be a useful estate-planning tool for lots of people. To know if a trust should be part of your plan and if so, what type, you will want to discuss this with your … [Read more...] about Things To Know About Trusts