Divorce comes with a myriad of implications not only for your life going forward but also for the future of your loved ones. If you have an estate plan, it is extremely crucial that you update it as soon as your divorce is final. Here are estate planning documents...
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Principled Advocacy For Families And Individuals With Disabilities And The Professionals Who Serve Them
Estate Planning
2 legal tips for guardians of the elderly in Illinois
When you accept responsibility for a vulnerable person’s care and life enjoyment, you also take on some legal risk. For example, making decisions that could harm the person or compromise their assets could lead to trouble. You may not have thought much about the legal...
Your loved one’s wishes and special needs trusts
Understandably, special needs estate planning generally focuses on what a loved one will need in the event that someone who provides them with care and/or support passes away or is incapacitated. However, it is also vitally important to consider the question of what a...
Why reciprocal wills are better than a joint will for couples
Many happily married couples who have been together for decades and fully anticipate they’ll be together as long as they’re both alive think they should prepare a joint will. Their assets are all shared, and if they have grown children, they want them to inherit...
A special needs trust may require a remainder beneficiary
The purpose of a special needs trust is usually to provide some kind of supplemental support for an individual with special needs without eliminating their eligibility for certain kinds of state aid. A special needs trust provides structured distributions that can...
More special needs planning tips: Choosing a trustee
Those with special needs family members face many worries and fears. The care, happiness and safety of their loved ones are always concerning. It leaves them wondering who will fill their shoes and care for their relatives after they die. You can choose any eligible...
You can decide when your heirs get their inheritance
There are many people who are a bit wary of leaving a significant amount of money to their heirs. They may believe that their heirs are not mature enough to handle it at their current age. They don’t want their inheritance to be squandered. They may also worry that a...
What’s included in an estate plan?
Have you ever made an estate plan? If not, then you aren’t alone. Many people have not only never made a will but many pass away without one, which can create a lot of issues for their families. Without an estate plan, your estate would likely be distributed by the...
3 tips for special needs planning
If you have a loved one living with a disability, special needs planning ensures their needs are met when you become incapacitated or die. Including their inheritance or funds with those of other beneficiaries may lead to unfairness. For this reason, you should...
Who makes medical decisions when you can’t?
Many adults focus on the distribution of their assets when they’re creating their estate plans. There’s something else you need to consider when you’re crafting your plan: What might happen if you’re incapacitated. You can’t make decisions for yourself if you’re...