Estate planning allows you to leave a meaningful impact beyond your lifetime. Including charitable giving in your Illinois estate plan can support causes you care about while providing financial benefits. Whether you donate through a will, trust, or other methods,...
Estate Planning
How to prepare to start your estate plan
Creating an estate plan is an essential step in ensuring your wishes are respected and your loved ones are taken care of. Although the process might feel daunting, taking the time to prepare properly will make it much more manageable. Take an inventory of your assets...
Planning for nursing home care in your estate plan
Planning for the future is essential, especially when considering long-term care options like nursing homes. Understanding the various aspects of nursing home planning can help you make informed decisions that align with your wishes and ensure you can meet your needs....
Who should be the executor of your estate?
One of the most important decisions you will make when creating your estate plan is deciding who will oversee the process of administering your estate in the future. You have the right to decide what happens to your property after your pass and your medical care in...
Do you need an advance directive in your estate plan?
Estate planning involves making decisions related to your assets, beneficiaries and future care. The future is uncertain, and no one knows when an unexpected health emergency could arise. Without a legal document detailing how you wish for others to care for you if...
Estate planning mistakes could cost you and your loved ones
It can be quite complicated to plan for the future. You cannot predict what will happen, and you may not want to consider what will happen after you pass away in the future. However, it is an important effort for adults of all ages, regardless of income level or...
What types of powers of attorney do you need for an estate plan?
It is not easy to know what types of legal and financial protections you may need for the future. You cannot know what types of issues will arise and what you may need to rely on the protections you have in place, which is why it is important to have a complete estate...
Having the discussion about estate planning with aging parents
It is never easy to discuss your own mortality, and it can be just as difficult to discuss this sensitive issue with your parents. As an adult, you may wonder what will happen in the future when your Illinois parents are unable to care for themselves or after they...
The benefits of establishing a trust
Planning for the future is a critical step for all adults, regardless of age, income level and health status. There are significant benefits to having a legal and financial strategy in place that will allow one to make decisions for himself or herself and decide what...
Should a special needs trust be part of your estate plan?
The future is unpredictable, but there are things that you can do that will allow you to face the uncertain things ahead of you with confidence. While you cannot know with certainty what will happen in the months and years ahead, having an estate plan provides you the...
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