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With the roster of estate planning tools available, people are exploring alternatives to the traditional will. The irrevocable trust is one alternative that has grown in popularity as of late. It offers estate planners unique benefits and rare versatility. However,...
Estate planning is about more than just what happens after you die. Living trusts, for instance, can distribute assets you own while you are still healthy and whole. And Illinois has options for you even when you’re not healthy – so that decisions are made in...
Plan for your future – it's a common refrain and, when we think of it, it’s usually in the context of retirement planning, life insurance or leaving a will. Medicaid planning doesn’t come up as often but it can be just as important, particularly when you’re fairly...
There are several essential legal documents that should be included in an estate plan in case the estate planner becomes incapacitated. These documents can help ensure the estate planner and the estate planner’s interests are protected if they are incapacitated and...
The role of an executor administering an estate is an important one which is why an executor should be selected with care. For that reason, estate planners should know how to select an executor and what to base that decision on. The role of the executor is a big job...
When your parents age, you may start noticing that they have a harder time managing specific affairs than they did earlier in life. If things get to the point where you have genuine concerns about a parent’s emotional, physical or financial well-being, you may need to...