Estate Planning

Estate planning is often something that people put off because they might feel as healthy as they ever have done. Planning for the event of your death can seem like something that ought to be reserved for those who are older or unwell. However, this is far from the...

You have to consider many different financial issues during your estate planning. Taxes, like debts, can have a powerful and negative impact on your estate after you die. Taxes that apply to your estate can substantially diminish what you ultimately leave for the...

Nobody in Illinois (or anywhere else in America) looks forward to writing their estate plan. Most people flinch at the mere mention of anything connected with end-of-life issues. That’s quite understandable. People all dislike contemplating their own demise. Still,...

Many individuals have spent extensive time living in other states before relocating to Illinois. These new residents come here for various reasons, including going to college, starting a new chapter in their life or moving their business. It's not uncommon for the...

If you find yourself in this situation, not to worry, inheriting the family home does not need to be complicated. You have many options available to you depending on how you would like to use the property -- but there are a few things you need to handle first. Here...

Estate planning is often thought of as something that's only necessary for those over 60. However, this could not be further from the truth. The fact is that the future is uncertain for everyone. Therefore, anyone who has assets should have an estate plan in place....

You're likely aware that you have multiple responsibilities as an Illinois executor. One of those is to inventory all of a testator's assets. Another is to file their final tax return. While some executors are fortunate enough to have testators provide advanced...

Individuals who have a sizeable estate must consider the tax liabilities that their loved ones might face when they pass away. Estate taxes aren’t something that most people will have to deal with, but those who do have multi-million dollar estates should find out how...

One reason that people put off estate planning is that they think it’s too early to do it. Maybe you’re in your 40s, and you feel like you’ve only lived half of your life. There’s no reason to do your estate planning yet. Why not wait until you’re in your 60s or 70s?...

If you’re thinking about estate planning, you understand how important it is and how it’s inevitable that, eventually, everyone is going to need a plan. These plans may be very complex for those with multi-million dollar estates and multiple homes, and they may be...