Almost anybody could be a fiduciary, really. . . 🔺 Lawyers are fiduciaries to their clients. 🔺 Employers are fiduciaries to their employees. 🔺 A spouse is a fiduciary to their spouse. 🔺 Some Stockbrokers to their clients. . . You get the picture. It’s someone you...
Estate Planning
What happens when you don’t have a Will?
“One Love”? Not for this guy’s family. . . At the time of his death, Bob Marley’s estate was estimated at $30 million...and that number keeps climbing due to his various income ventures. . . But because of his religion, he did not have a will. So, what resulted? . ....
Do I need a trust?
Estate planning is confusing to many Illinois residents, to the point where they don’t want to do it at all, or they write a simple will and call it good. While having a will is better than nothing, many individuals, and their families, would be better served if they...
Backup for the Guardians I have selected for my children?
Just in case something happens to your FIRST pick, you definitely need to have a second one lined up. . . If you have questions on how to select the right guardians for your children, swing us a message here anytime - we are happy to help. William Wombacher, your...
Will a revocable trust protect all my assets from nursing home costs?
❓ Short answer: NO . .Here’s the scoop: Revocable trusts are great for avoiding probate and for incapacity planning. But when it comes to Medicaid asset protection, you need a different option. 👉 If you’re trying to qualify for Medicaid and you...
What is the Missing Part of your Estate Plan?
Now you have a will or you have a revocable living trust and a will. You have gotten your Power of Attorney for Health Care and Power of Attorney for Property done. What could be left? You need a digital assets inventory! That would be a complete list of your online...
Avoid these estate planning mistakes
Putting together an estate plan takes work, careful thought and an understanding of the law. Unfortunately, many Illinois residents either put off the estate planning process, or they complete it but end up with plans that have glaring errors that will only hurt their...
Learn about Trusts
Both trusts are beneficial for their own reasons. A testamentary trust goes into effect only after death and it’s usually created as part of a will. A living trust goes into effect immediately. Which one should you pick? It all depends on what will fit YOUR plans. ...
Family working together
Want to make sure your kids don’t squabble after you’re gone? Make a plan and get it legally documented. Let them know who gets what and MAKE IT CLEAR. Because it takes little time to plan, but it can save a family from falling apart. .William...
Probate
You hear about it, but do you actually understand what probate is? It is a court-supervised process for administering a person’s estate. That sounds okay at first, but here’s where it gets iffy: ❌ Probate makes it PUBLIC. If you go through probate, anybody can access...
I Make Home &
Hospital Visits
Schedule A
Free Consult
Let Me Help
The Law Office of William C. Wombacher
Local: 309-674-8125
Toll Free: 888-365-0852
Fax: 309-674-8149
Commerce Bank Building
416 Main Street Suite 700
Peoria, IL 61602
416 Main Street Suite 700
Peoria, IL 61602
Map & Directions
