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Principled Advocacy For Families And Individuals With Disabilities And The Professionals Who Serve Them
Many people put off estate planning. In fact, the majority of Americans have yet to craft their own estate plans. Many of them say they will do it in the future. The issue isn’t that they do not want an estate plan, but just that they are procrastinating. This is a...
A key goal for many people when they create their estate plan is to help cover the cost of their grandchildren’s education. There are a number of ways to do that. One of them is putting assets in a 529 education savings plan. While a 529 plan isn’t technically part of...
People create trusts to fulfill a particular purpose. This purpose may be to avoid probate, manage finances for someone who is fiscally irresponsible or ensure the financial security of a family member with special needs. The trustee has a crucial role, as they are...
As part of your estate plan, you may decide to create a trust. Maybe it’s a discretionary trust to guide the way that someone spends their inheritance. Perhaps it’s a special needs trust to provide specific assets to a beneficiary without disqualifying them from...
Estate plans can consist of just a will or a variety of different documents. Testators can create legal paperwork to protect their loved ones after they die. They can also draft documents that help protect themselves from unpredictable circumstances throughout their...
Like many Chicago area residents, you may have a lakeside cabin in Wisconsin for summer vacations and weekend getaways. You may still own your first condo that you bought in Indiana and rent it out for some added income. Maybe you have a vacation home in Florida where...
As an adult, estate planning is very important. Nonetheless, it is estimated that over half of the population has no estate plan in place. There are numerous reasons for this. Some people find talking about estate planning depressing. Others believe that it is...
Guardianship is a legal process that appoints someone to make decisions for another individual who is deemed unable to do so themselves. This can be due to a minor's age, an adult's disability or even an older adult's declining mental faculties. If you're considering...
For those with a special needs family member, a well-crafted estate plan is essential. Including a special needs trust can help to safeguard your relative's eligibility for government benefits while offering supplemental support. But what happens if you die before...
When it is necessary to protect the best interests of beneficiaries by funding spendthrift trusts, great care should be taken when designating the trustees to oversee, manage and disburse funds to your loved ones. While it might seem easier to appoint a close relative...
