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Principled Advocacy For Families And Individuals With Disabilities And The Professionals Who Serve Them
Very large estates are subject to federal estate taxation. Even modest estates of those with real estate holdings or a business in their name could be subject to Illinois estate taxes. Planning ahead is crucial for those who want to limit their tax liability after...
When you create a trust as part of your estate plan, you take control over what ultimately happens with your legacy. If all you have in your estate plan is a standard will, your authority over your legacy ends when your executor distributes property to your family...
A special needs trust can be an amazing lifeline for someone with special needs. It’s a way to provide them with additional assets and support without affecting their local, state or government benefits. Since many people with special needs outlive their parents or...
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...
Finding out that your loved one has a debilitating medical condition may cause many different emotional reactions. You may feel anxious about their future and worried about whether you will have the same condition eventually. You may also fear that your loved one will...
Those with more assets than they need for retirement may start worrying about the financial implications of their property. When someone with substantial personal property dies, their executor and beneficiaries may need to pay estate or inheritance taxes. Having a lot...
June is Alzheimer’s and Brain Awareness Month, and as such, now is a good time to talk about estate planning and how a degenerative neurological condition could affect you or someone you love in the future. Alzheimer’s disease, as well as other dementias, are serious...
As someone who is disabled or who cares for a disabled loved one, you know how important it is to take steps to ensure continued eligibility for government benefits. One way in which you may be able to put any assets that you have aside is by funding a charitable...
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...
Estate taxes can have a profound negative impact on what you can leave behind for the people you love after your death. In Illinois, those with substantial assets are subject to not just federal estate taxes but also Illinois state estate taxes. In fact, more people...
