How to Discuss Your Estate Plan With Your Kids
One of the most important conversations you can have with your children in Illinois is about your estate plan. This can be a difficult conversation, but it’s one that is crucial to have. By discussing your estate plan with your children, you ensure that they know what to do and expect in the event of […]Read More
The Importance of Being Prepared
No one really wants to think about what will happen when they die. But as you get older, planning for that event becomes even more important. Estate planning is the process of getting all of your assets and belongings in order before you pass. This process involves naming beneficiaries as well as deciding who will […]Read More
Estate Planning for New Parents
Every adult in Illinois should have an estate plan. That’s true even for young people who don’t own much. It’s doubly true for new parents. In fact, any time there’s a change in your family, whether that means marriage, divorce or birth, you should revise your estate plan. Parents need to make choices for their […]Read More
Are There Risks With Gifting a Home to Adult Children?
Estate planning often involves strategies to make things easier for heirs. Parents might list their children on accounts as a way of avoiding probate. Another probate-avoidance plan could entail transferring the ownership of a house to adult children rather than leaving the property to them in a will. Gifting an Illinois home might come with […]Read More
Why Is Estate Planning Worth Considering?
Estate planning is not only for wealthy people; anyone who leaves assets behind after passing away has an estate. There may also be issues related to debts and obligations that heirs in Illinois must address. Spending time with an attorney to effectively plan out a will or trust could make life less stressful and more […]Read More
Should You Update Your Will if You Move?
Estate planning in Illinois isn’t something that you do once: You need to do it multiple times in your life to make sure that your estate is up to date in case the unthinkable happens. If you recently moved to Illinois from another state, is that a major life event that requires you to update […]Read More
These Areas Are Priorities for Your Estate Plan
Your estate plan is a multifaceted tool that helps your loved ones distribute your assets when you are gone, but there is much more to this tool than that. You can also let your loved ones know what you want in your final days if you can’t speak up for yourself. When you are getting […]Read More
What Does an Executor Do?
There are sometimes several people involved with the creation of a will: The deceased, their attorney, their family members, and their friends or other loved ones. All of these people can contribute to making the will a relevant, legally enforceable document. Often, one of these people will play another very important role– as the executor. […]Read More