5 Times to Update Your Estate Plan
Do you have an estate plan in place? Is it time for an update due to changes in life circumstances? Whatever your reasoning, our team can help you. Here are a few instances when you should consider updating your estate plan: 1. When you purchase a home The change in your estate’s value is an ideal time to update […]Read More
How should you handle estate planning with a blended family?
Many residents of Illinois are on their second or third marriage and have blended families. This makes estate planning crucial. Here are some steps you should take when preparing these documents with a blended family. Make changes to your will One of the first things you should do to protect your blended family is to […]Read More
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
How do you choose an executor?
After a testator passes away, opening an estate follows not long after. Beneficiaries will typically want to know what is in the will and what assets go to them. Creditors may want to receive payment from the estate. Someone has to handle these various responsibilities, and that person would be the executor. When engaged in […]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
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