People associate estate planning with reaching a certain age. Young, healthy adults often assume they don't have to think about estate planning for a couple of decades or can at least wait until they have children. That attitude is on the one hand understandable but...
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Firm News
May is Mental Health Awareness Month
The attorneys and professionals at Monahan Law Group encounter complex issues relating to mental health literally every day, in many different contexts. As a consequence, it is tempting to look beyond general "awareness" of mental health and focus attention on the...
What should you know about Illinois guardianships?
In Illinois, the court can appoint a guardian for any adult over the age of 18 who cannot understand his or her rights or make his or her own decisions because of a disability or incapacity. What this means to you at the personal level is that if you have an adult...
Identifying a child on the autism spectrum
According to the most recent data published by the Centers for Disease Control and Prevention, approximately 2% of all children have an Autism Spectrum Disorder. Chicago parents who believe their child may exhibit atypical developmental behavior may have to consider...
What makes a good executor?
As you prepare to handle matters of your Illinois estate, you may have many questions. How do you make an estate plan? How does a will fit into an estate plan? Who runs your estate after you pass? Today, we will take a look at the person you will leave in charge of...
Are the powers of a guardian limited?
Some families have children or relatives that, because of disabilities, require a guardian to handle their care and other needs. However, some people may fear a guardian would have too much power and could abuse it. In reality, state guardianships do not have...
Do people forget to fund their trusts?
People may make any number of critical mistakes while creating a trust. One of these mistakes is failing to fund the trust. While you might successfully set up a trust, if you do not fund the trust, you will end up with nothing more than an empty vessel that cannot...
Protect your disabled child with a special needs trust
As the parent of a special needs child, you may be more familiar with certain types of government programs and forms of assistance than other parents. You may, too, understand that your special needs child must undergo means testing before receiving certain types of...
Could I accidentally name the wrong beneficiary?
To ensure that you pass on an inheritance without unnecessary problems, you should be aware of possible mistakes that could derail your plans for your children or anyone you wish to inherit from you. Sometimes even something as simple as whom you name as a beneficiary...
Reviewing the perks of special needs trusts
Estate planning offers various benefits, from providing peace of mind for those who set up estate plans (and their family members) to the financial resources that loved ones count on after someone who is very close passes away. However, our law firm recognizes that...
