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...
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Principled Advocacy For Families And Individuals With Disabilities And The Professionals Who Serve Them
Estate Planning
Types of special needs trusts
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...
Estate planning: What you should know about the probate process
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,...
Estate planning and learning from others’ mistakes
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...
Tips for picking a guardian for your children
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...
Providing for a special needs family member
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...
Why do I need an estate plan?
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...
Protect benefit eligibility with special needs financial planning
Even if you have the full means to provide financial support for your adult child with special needs, you should do everything you can to prevent denial of additional benefits to them in the future. Many government programs offer assistance to adults in Chicago who...
3 qualities of an effective special needs trustee
If you have a loved one who has a disability, you likely recognize the potential for financial hardship. After all, your relative or friend may have difficulty providing for his or her basic needs. While needs-based government assistance, such as Supplemental Security...
What influence does a legal guardian have?
Legal Guardianship When you first look into taking care of someone with a disability in your life, it may be confusing to know what exactly a guardian does. Learning more about what kinds of capabilities you may have as a legal caretaker can help you make the best...
