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Principled Advocacy For Families And Individuals With Disabilities And The Professionals Who Serve Them
When an elderly or vulnerable adult begins struggling with daily tasks and financial decisions, family members often seek ways to protect them. In some situations, full adult guardianship may be the safest option. Still, considering possible alternatives is never a...
A will is generally the starting point of any estate plan. It’s a legal document that outlines how your assets should be distributed upon your death. It can also include terms regarding your chosen guardians. These are individuals tasked with looking after your...
Estate planning may seem like something that parents or older adults worry about because they are statistically more likely to need them than young people are. Young professionals who have achieved success in their careers may not see the value of creating an estate...
Federal legislation effective January 1, 2024, requires most small businesses, including PLLC’s and professional corporations, to submit a report to the U.S. Department of the Treasury’s Financial Enforcement Network (FinCEN). This legislation, the Corporate...
Many people put off estate planning. In fact, the majority of Americans have yet to craft their own estate plans. Many of them say they will do it in the future. The issue isn’t that they do not want an estate plan, but just that they are procrastinating. This is a...
A key goal for many people when they create their estate plan is to help cover the cost of their grandchildren’s education. There are a number of ways to do that. One of them is putting assets in a 529 education savings plan. While a 529 plan isn’t technically part of...
People create trusts to fulfill a particular purpose. This purpose may be to avoid probate, manage finances for someone who is fiscally irresponsible or ensure the financial security of a family member with special needs. The trustee has a crucial role, as they are...
As part of your estate plan, you may decide to create a trust. Maybe it’s a discretionary trust to guide the way that someone spends their inheritance. Perhaps it’s a special needs trust to provide specific assets to a beneficiary without disqualifying them from...
Estate plans can consist of just a will or a variety of different documents. Testators can create legal paperwork to protect their loved ones after they die. They can also draft documents that help protect themselves from unpredictable circumstances throughout their...
Like many Chicago area residents, you may have a lakeside cabin in Wisconsin for summer vacations and weekend getaways. You may still own your first condo that you bought in Indiana and rent it out for some added income. Maybe you have a vacation home in Florida where...
