Probate is the legal process that distributes a deceased individual's assets to heirs or beneficiaries. In Illinois, like many other states, this process can be time-consuming, expensive and complicated. Therefore, many individuals choose to use strategies that can...
You can protect your assets when the need arises by creating a comprehensive estate plan. However, in Illinois, including specific documents is essential for an effective estate plan. This article emphasizes the importance of incorporating particular documents to...
You may think of estate planning as something you do when you become a senior citizen; however, taking stock of your estate at any age once you become a legal adult can help your family members make more informed decisions if you become too ill or otherwise...
Many people in Illinois draft wills so that they maintain a certain degree of control over what happens to their legacy when they die, but there are limits to what a will does. A trust is another type of estate planning document that offers a number of key benefits a...
Having a last will and testament in place serves to outline your intentions regarding the distribution of your assets and other important matters of your estate. Even a simple will can clear up a lot of confusion and help ensure that your family is well cared for...
Your estate plan allows you to express your wishes and prepare for what happens after you are no longer here. But as with any plan, there is the potential for it to hit road bumps after your death. If you have concerns about specific assets, you might consider giving...
Thinking about, and planning for, the unexpected is not something most people care to do, but it is important for various reasons. If you were to be in an accident or other situation in which you did not have the mental or physical capacity to make decisions, someone...
Your will is likely the foundational element of your entire estate plan. This document names an executor for your estate and outlines how you want to distribute your assets after you die. Many people have yet to create a will and according to a survey conducted by...
Social media is a part of daily life for many people these days. Some people have even found a way to make a living using their online accounts. They also make a tricky problem when you die. These online sites have quite strict security, so someone else getting access...
When you choose an executor for your estate, it is an important decision that you should put a lot of time and thought into. One of the best ways to choose the best executor for you is by understanding exactly what an executor will handle. Seeing probate through...
