You may be nervous to bring up estate planning with your parents. Maybe they don’t like to talk about such personal issues and you feel like the conversation will be awkward. Perhaps you think that they will feel insulted because it just sounds like you’re asking when...
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Principled Advocacy For Families And Individuals With Disabilities And The Professionals Who Serve Them
Estate Planning
Why include a letter of intent in your special needs planning?
By setting up a special needs trust for your disabled child, you help ensure that they’ll be eligible to access government benefits for which they qualify while still being able to enjoy the extras you can provide -- while you’re around and after you’re gone. Choosing...
Do you need to distribute life insurance in your will?
Your will is designed to instruct your heirs on how to distribute your assets. You will pick an estate administrator, and it’s their job to take inventory of all the assets listed in the will and then pass them out. This works well for things like family heirlooms or...
Do you need a professional special needs trustee?
Part of parenting is wanting the best for your children. As hard as it is to think about what will happen to your kids after you’re gone, estate planning provides the tools necessary to provide for them in your absence. This is especially important if you have a child...
Estate planning considerations if you have no heirs or family
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...
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...
