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Principled Advocacy For Families And Individuals With Disabilities And The Professionals Who Serve Them
Leaving behind a legacy is less effective when an estate must pay state and federal estate taxes. Smart Asset explains that the executor or administrator of the estate must pay these taxes before distributing the remainder to beneficiaries. While some states do not...
When planning your estate, there are a myriad of factors to include in your last will and testament. This includes a complete list of your property and assets, as well as who you would like to have your property once you pass. Yet, some suggest that leaving a living...
While estate planning is often associated with individuals who are approaching retirement age, even young professionals can benefit from this process. An estate plan comprises various documents that create legal provisions in case the person dies or becomes...
Illinois business owners like you should work on an estate plan. One of the key areas you need to address is business succession. After all, if you want your business to succeed far into the future, this plan is crucial. There are several methods of picking a business...
Thorough estate planning may help a person identify what they want to happen with their assets when they die. It may also help them provide for their own care or their spouse's care as they age. A special needs trust is one of the tools that a person may utilize when...
Whether you have recently lost a loved one or you wish to plan your estate, it is helpful to understand the probate process. Knowing the details behind the process can help you arrange your estate in such a way that will simplify matters for your family. In Illinois,...
Setting up an estate plan is tough for a host of reasons. Unfortunately, some people make poor decisions with regard to their estate plan, leading to unnecessary and avoidable problems down the road. If you are creating an estate plan or considering certain revisions...
If you have children, you will need to designate a legal guardian for them when you formulate your estate plan. According to the Illinois General Assembly, the guardian you assign must be at least 18 years of age or older, a resident of the U.S. and of sound mind. He...
Special needs conditions vary in severity with some people able to work and even live independently while others cannot do these things. Parents with special needs children know they need to find ways to ensure their kids receive the appropriate level of care and...
One of the biggest misconceptions about estate planning is that it is only for people who have a lot of money. The truth is that everyone can benefit from proper estate planning. While you may not need an extensive or complex plan, even a simple one can make things...
