Why your estate plan needs a certificate of trust

Living trusts are important to estate planning. They're used to protect assets and to avoid probate. Trusts offer many tax benefits, establishing your loved ones' financial security in Illinois. But to fully understand the potential of a trust you need to have an...

Why you shouldn’t rely on an online will

Having a last will and testament is a must for all Illinois residents, but many people choose to use an online portal that they think will suffice for a simple final directive. The truth is that this may not be the best decision because wills can be contested...

First steps to creating your estate plan

Everyone in Illinois has a reason to do some estate planning. Even if you own very little property, planning ahead can save your family from a lot of headaches in the future. When a person dies with no estate plan, their assets must go through the probate process,...

Timing a child’s inheritance

Everyone in Illinois should have an estate plan, even if they don't own much. However, for high net worth people, it's very important to look at the ways wealth will be passed on when they're gone. For people with resources, it's important to protect them from...

Learning more about revocable trusts

As you age, there are several things that you need to consider. Apart from retirement, you should also consider estate planning. Retirement savings will offer you a dream life at old age, and estate planning will provide you with strategies on dividing your assets to...

Creating an estate plan that reduces family conflict

Creating an estate plan that reduces family conflict When people in Illinois die without an estate plan, the state determines what happens to their assets. This can lead to family conflict. Therefore, adult individuals may want to consider creating a will. Several...

How wills and trusts differ in an estate plan

People in Illinois who are creating an estate plan might wonder whether it would be better to use a will or a trust. A last will and testament takes effect when a person dies and names an executor to distribute property to beneficiaries and administer the estate. A...

Estate planning can be a complex process

There are many different types of estate plan documents that individuals in Illinois and elsewhere may want to consider using. A revocable living trust allows a person to retain control of assets while holding them outside of an estate. Holding assets outside of a...