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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...
Many of us know that it is important to have a will, even if we have not executed one yet. Still, if you die without a will you will be considered to have died intestate, and your estate will be subject to state intestacy laws. This can be problematic, as it leaves no...
We can make assumptions, but we can never truly know what the future will hold. As such, individuals in Illinois and elsewhere often take specific steps to better protect themselves for the unexpected events that may or may not occur. An estate plan is a tool that can...
If you are supporting your adult special needs child financially, you recognize that there may come the day that you are unable to meet your child’s needs, either due to old age or death. Is there a way you can continue to support them after you are gone in a way that...
When Illinois residents draft an estate plan, they often focus on the documents they include and the contents of them. While these are very important, it is also crucial to consider what the estate administration process will look like. In other words, if their estate...