Those without a family or heirs often think they don’t need an estate plan. They may believe estate planning is unnecessary since they have no one to inherit the wealth and property they leave behind. If you are not concerned about what will happen to your assets...
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Principled Advocacy For Families And Individuals With Disabilities And The Professionals Who Serve Them
Estate Planning
Why young people also need an estate plan
Estate planning does involve some discussions around what happens if you die, but there is much more to it than this. There is a common misconception that trusts, wills and other estate planning documents are only useful for elderly people. This is certainly not the...
Is there more than one type of guardianship in Illinois?
Whether disabled from birth, a severe injury or age, the disenabled members of a community are vulnerable and often need protection. Establishing guardianship for yourself or a disabled family member can ensure such protection. Illinois has some of the most innovative...
Creating an estate plan with a blended family
Today, there are more blended families than ever before. Taking on the role of a stepparent to someone else’s children is a role that not everyone can take on. However, if you step up to do this, you likely want to ensure your entire family is taken care of after you...
Most people don’t have an estate plan
Did you know that the majority of people haven’t done their estate planning yet? The exact numbers do vary from one study to the next, but some have found that it could be as high as 67%. For most Americans, estate planning is just something they haven’t taken on yet....
3 common reasons why your Illinois will may be invalidated
When you decide to create a will, you do so with the goal of making your wishes regarding your assets known. A will protects your assets and loved ones. Without one, it will be up to the government to decide what happens to your estate. In Illinois, a will can be...
Mistakes to avoid when creating an estate plan
As a responsible adult, having an estate plan is smart. It ensures that your wishes are known and that your family knows what steps to take if you become incapacitated. Unfortunately, there are a lot of misconceptions related to estate plans that lead to mistakes....
Should I set up a spendthrift trust?
You are making your estate plans and have designated a substantial amount of money as an inheritance for your adult child. You have some concerns because they are not good at managing their money. Because of this, you may want to set up a spendthrift trust. A...
How do irrevocable trusts help protect an estate?
Having a comprehensive estate plan is important so you can take care of your loved ones after you pass away. One of the options for doing this is to set up trusts. There are different options to consider when you’re ready to establish one. While there are many...
Safe deposit boxes and estate planning
Do you have a safe deposit box? You may have forgotten all about it – especially if it’s free because of your relationship with your bank. If you’re preparing to do your estate planning, you need to make sure that those who will be managing your estate know about it...
