Estate Planning
What Happens to My Debts When I Pass Away?
Life has a way of gathering little obligations along its journey. Some of these obligations, like debts, are easy to overlook, especially when contemplating life’s bigger picture. Yet, as we…
Read MoreChoosing the Right Executor or Trustee for Your Estate Plan in Illinois
As you embark on the journey of crafting your estate plan, a critical decision lies ahead: selecting the individuals who will carry out your wishes when the time comes. These…
Read MoreWhat Happens if I Die Without a Will in Illinois?
Let’s face it, life gets busy and creating a will might not be at the top of your to-do list. However, have you ever wondered what happens if you pass…
Read MoreDifference Between Transfer on Death and Payable on Death Designation
Adding a payable-on-death (POD) or transfer-on-death (TOD) designation to an account allows the assets (money and property) in that account to be passed to a named beneficiary when the original…
Read MoreCould a Testamentary Trust Be What Your Loved Ones Need?
One of the main reasons that a person creates a revocable living trust (a trust established during a person’s lifetime that they can amend or revoke) instead of relying on…
Read MoreWhy You Want to Avoid Intestacy
About two out of three Americans will die without a will. This is known as dying intestate. While the reasons for not having a will vary, the end result is…
Read MoreThe Essential Documents For A Good Estate Plan in Illinois
Estate planning is a crucial part of safeguarding your wealth and ensuring your loved ones are taken care of when you’re no longer around. Often overlooked or postponed, estate planning…
Read MoreCritical Estate Planning Documents for Young Adults
Many young adults in Illinois believe that estate planning is reserved for the elderly or the ultra-wealthy. The idea of drafting wills or designating power of attorney might seem remote…
Read MoreThe Three-Legged Stool Approach to Estate Planning in Illinois
In the intricate world of estate planning, a harmonized and comprehensive strategy is akin to a sturdy three-legged stool, grounded on the collaborative expertise of three main advisors: Estate Planning…
Read MoreWhat is Estate Planning, and Why is it Necessary in Illinois?
Every individual has a story, a legacy, and a unique footprint they leave on the world. But have you ever paused to think about how your story will be told…
Read More