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Principled Advocacy For Families And Individuals With Disabilities And The Professionals Who Serve Them
If you have a family member with special needs, they may have a guardian to protect them. However, when a court awards such power to an individual, there is always a risk they abuse it. Guardians play a critical role. If a person cannot manage their personal and...
Every parent needs to ensure they have an estate plan to help transfer their assets to their children effectively. If you are the parent of a child with special needs, it is even more crucial. Special needs children need additional financial help Special needs...
While creating a trust for your children, perhaps one for a child with special needs, you want to be sure that your trust works you as intend. Even if you have already placed money in the trust, you might want to keep adding or even subtract assets from the trust when...
A living trust generally provides instructions on how to manage your assets and property while you are still alive. After the trust’s execution, you and your beneficiaries may begin to derive income or other benefits from the assets and properties contained within...
If your parents are past retirement age, you probably want nothing more than their health, dignity and security as they enjoy their golden years. Unfortunately, age can take away both health and independence, especially for those who develop cognitive symptoms due to...
If you are the parent of a young child, you likely have many different issues to take into consideration on a daily basis, from concerns related to your child's education to financial matters (such as the cost of medical care they need). However, it is important to...
When planning your estate, you should consider the tax implications for you and your beneficiaries. While Illinois does not have an inheritance tax, your estate may be subject to federal and state estate taxes. Review the factors that affect estate taxes in Illinois...
You may know that you need to review your estate plan often and make changes when something changes in your life, but do you know how to do that? Auditing your estate plan can help you to avoid mistakes and reduce issues. Forbes explains that during an audit, your...
Illinois has many laws in place that govern how estate plans look and function. These are there to keep the system running smoothly while disallowing people from taking advantage of it. Of course, resourceful people will always find a way. It is not uncommon for...
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...
