When many Illinois residents think about estate planning, they think about writing wills. A will is a good thing to have, but for many people, it may not be enough to fully protect their estates. Why might you need more than a will? There are several reasons a will...
Estate Planning
Estate planning can help families avoid probate litigation
You work hard for everything you have and want to make sure your assets end up in the right hands when you pass away rather than Uncle Sam’s or, worse, lost to cover legal expenses. Through estate planning, you may accomplish this goal. By having a solid estate plan...
3 Most Important Estate Planning Documents
📝 Yep, there are a lot of estate planning documents out there. . It can be overwhelming. . If we have to narrow it down, these are the three documents EVERYONE needs: . 1️⃣ A will 2️⃣ A power of attorney for health care 3️⃣ A power of attorney for property . No matter...
Why should you have a POA?
What is a power of attorney, and why should Illinois residents have this legal document prepared? A POA is a document that offers a person protection if there is ever a point in their life when they are unable to speak for themselves, whether due to absence,...
Why estate planning is not something to put off
There is no way out of it; everyone dies eventually. While this may be an uncomfortable subject, it requires discussion at some point because, when a person passes away, their family must pick up the pieces and try to settle their estate. It is far easier for them to...
How do I provide for my pet after my death?
🐱Pet Estate Planning 🐶 What NOT to do... Pets can truly be part of the family, which is why so many opt for setting up a pet trust to protect their future. But there are definitely some things that should NOT happen when you plan: 🔺 DO NOT leave the pet money in the...
What are the two most important legal documents a person with Alzheimer’s needs?
Clearly to two most important documents that person with Alzheimer's or any form of dementia need are a power of attorney for health care and a power of attorney for property. They are written documents by which a person can authorize one or more persons to take...
Problems with Do It Yourself Wills?
Just read a Kentucky case where the woman died and and had a do it yourself form will that she had done herself without the assistance of an attorney. She left everything to her husband. Problem was that her husband died before she did and no alternate beneficiaries...
What happens when you die and don’t have a beneficiary listed?
💰 FINANCIAL ACCOUNTS 💰 What happens when you die and don’t have a beneficiary listed? Your retirement account, investments, etc… Let's say you forgot to list a beneficiary on one of those accounts. It happens quite often. Many times to will go...
What is a Joint Will?
We’re married and share everything anyway. Why shouldn’t we just have a joint will? . It sounds nice. But it’s a bad idea and here’s why: . ❌ A joint will CANNOT BE CHANGED once one of you dies. . In other words, your surviving spouse can’t do anything with the assets...
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Peoria, IL 61602
416 Main Street Suite 700
Peoria, IL 61602
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