Many people think an estate plan is just for the wealthy and having a will should be sufficient. However, there are many things to consider besides the distribution of your assets after you pass away. Why do you need more than a will, and what should you include in...
Whether you are young or old, an estate plan is always a good thing to have. Not only does it allow you to provide for your loved ones, but it can also make your passing easier for them: You will already have made some of the most important decisions that need to be...
A common misconception about estate planning is that only older people do it. However, young adults can benefit from creating an estate plan too. Over time, you can update your estate plan as you go through significant milestones, such as having your first baby. Why...
People often agree to be the executor of a will in Illinois without really knowing what it means. They may understand the very basics of their duties, but most do not understand the probate process. People usually agree to be the executor because they are close with...
Once you have decided to set up your estate plan, you will need to choose an executor for your will. An executor is a person who carries out your wishes according to the terms of your will after you pass away. Being an executor of a will in Illinois comes with many...
A will forms the backbone of most estate plans, but many people put off executing this important document. The following are three important reasons why you need to create a will before it is too late. Reason 1: Avoid intestate succession You likely have preferences...
Before you finish your estate plan, there are many things to consider. Two things are picking the right trust, and just as important, picking the right Springfield, Illinois, trustee. Do not keep it in the family Your estate plan is a deeply personal endeavor, and...
Many Gen-Xers and now Millennials are part of the “sandwich generation.” They are taking car of their aging parents while at the same time raising families of their own. Being part of the sandwich generation can be difficult. While you love your parents and appreciate...
There’s no getting around it: divorce is usually complicated and involves many different steps. The day your divorce is finalized likely brings a sense of relief and desire to finally move on with your life. As you begin your post-divorce life, there is one more task...
You do not know when you will die, but you likely have some opinions on what care you want if you are at the end of your life. You can address these preferences in a health care directive. A health care directive is an important part of any estate plan. Health care...
