Changing social values have had a major impact on families across the United States and in Illinois. Children born outside of marriage once faced significant social stigma, but such scenarios have become quite common in recent decades. The stigma has all but...
Uncategorized
Updating your estate plan after divorce: Where do you start?
Creating a comprehensive estate plan allows you to prepare for the future and prioritize what matters most to you. However, estate planning is not a one-time thing, regardless of how thorough and extensive you think your plan is. Your estate plan will only be...
Estate planning considerations after remarriage
Apart from celebrating love, remarriage can represent new beginnings. A second union may do more than unite you and your new partner; it can also bring your children together to form a blended family. After experiencing such a major life change, reviewing your...
Should you tell your family about your estate plan?
Discussing your estate plan with your family can be challenging, as it involves discussing often unpleasant topics such as finances, old age, illness and death. However, navigating these difficult discussions while you're still in good health can have significant...
Benefits of estate planning for surviving family members
Research shows that 90% of Americans view estate plans as essential, but less than 50% have created one. Without a will, a person’s assets in Illinois may not be distributed as the estate owner would have wanted. The lack of a will may also lead to family issues that...
Assets to include in an estate plan
Many individuals in Illinois assume that they do not need to create estate plans because they are not wealthy. But most people have more assets than they realize, and estate planning can help them to ensure that these assets end up in the right hands after they die....
How to create a will properly
Putting together a will is an important process for individuals in Illinois as they grow older, but it can also be a complicated one. Although thinking about death is not typically appealing, individuals would be wise to make clear their wishes regarding their care...
How to begin the estate planning process
Individuals in Illinois may understandably be concerned about what the future may hold for them both health wise and financially. Fortunately, creating estate plans can help them to feel more prepared for unexpected events. Here are a couple of important components of...
Why business owners need trusts, not just wills
When running an Illinois company, it is easy to prioritize business matters over estate planning. However, along with focusing on meeting payroll and achieving quarterly goals, business owners would be wise to take time to protect their assets by creating detailed...
How to avoid major pitfalls during the estate planning process
With the new year in full swing, many individuals in Illinois may be eager to finally achieve their estate planning goals in 2022. However, if they are not careful, they can make some potentially costly and problematic estate planning mistakes. Here are a couple of...