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Principled Advocacy For Families And Individuals With Disabilities And The Professionals Who Serve Them
The trustee who manages an irrevocable trust is typically a competent, ethical person chosen by a grantor. They may also be a professional fiduciary. In either scenario, the trustee has a fiduciary duty to act in the best interests of the beneficiaries of the trust....
Estate taxes can diminish what people inherit. When an estate is large enough to be subject to estate taxes, state and federal tax authorities can demand a portion of the total estate value before beneficiaries or heirs receive their inheritances. Estate taxes...
Families caring for a loved one with disabilities often focus on protection, medical care and long-term support. A guardianship can often help ensure that a vulnerable person has someone to manage certain aspects of their life if they are unable to. However, one issue...
Estate planning becomes more complex when you are part of a blended family. With children from previous relationships, current spouses and various family dynamics to consider, you may want to ensure you protect everyone you care about. Why does your family structure...
When a will and a life insurance policy give different instructions regarding beneficiaries, it is generally the life insurance policy that takes precedence and will be followed. For example, say that a person purchases a life insurance policy when they have two...
You have spent years navigating Individualized Education Program (IEP) meetings and doctor's appointments for your child. As their 18th birthday approaches, you may be wondering whether your right to help them make decisions will suddenly vanish. Understanding how...
Your parent can no longer manage their finances. Your adult child with a disability needs someone to make medical decisions on their behalf. You have filed a petition for guardianship, and now the court has scheduled a hearing. If you have never been through this...
Setting up guardianship for a loved one is a major step to protect their well-being. However, circumstances change and guardianship is not always permanent. As needs change, the need for guardianship may also change. When might guardianship no longer be needed? Under...
Family is one of life's greatest gifts, but managing that gift comes with real challenges. You work hard to build wealth to support your children long after you are gone. However, sometimes adult children struggle with money management and need ongoing guidance. How...
In Chicago and across Illinois, pooled trusts let people with disabilities save money without losing eligibility for benefits like Medicaid or Supplemental Security Income (SSI). A nonprofit runs the trust, pools funds for investment and keeps a separate account for...
