While you are married, you plan to spend the rest of your lives together. Planning a life together often means looking well into the future for yourselves and your loved ones. Divorce is an important time to look at your estate plan to see what changes you need to...
Estate Planning
A trust could be a good choice for your life insurance payout
You didn't think you'd be worried about your estate plan this early in life, but with a child on the way, you've realized that you want to make sure they're cared for in the event that something happens to you or your spouse. You want to know that your child will not...
Every adult needs an estate plan
Too many Illinois residents believe that they don't need an estate plan because they don't have much of an estate or no descendants. But that is a fallacy.Unless you are homeless and living on the street, everyone owns something of at least personal value. You have...
Why does a young family need an estate plan?
Estate planning can start young, and it should start young if you have a family. One of the most important parts of a younger family's estate plans is naming someone to administer the estate and to establish a guardian for minor children in the case of your death or...
Estate planning: An essential part of growing older
Estate planning is an important part of growing older. You want to make sure that you take steps to protect yourself, your assets and your beneficiaries. An estate plan does all this by making sure your wishes are protected by law.A good estate plan has several parts...
Get help setting up your estate plan
You got married, bought a house and started a family. Everything is going right for you. Then, in a split second, you just managed to miss a high-speed collision. It was shocking, but it shows you how quickly your life can change.After that kind of incident, it makes...
End-of-life care: Make your preferences known
In your estate plan, one thing you may want to discuss is your preference on the state's euthanasia laws. Most states do not allow physician-assisted suicides, but that doesn't mean that you can't have life-sustaining assistance withheld if you prefer to die...
How often do you need to review your estate plan?
In 2019, people will need to begin planning their estates with the Tax Cuts and Jobs Act in mind. The act, created in 2017, has consequences that extend far beyond the simple increase in the overall exemption amount for an estate.As someone with an estate, one of the...
Four things you can do to avoid an estate dispute
While every family is unique, it's often possible to predict -- and prevent -- disputes among your heirs.Whether your estate is big or small, there are some actions you can take that will minimize the possibility of a family dispute after you are gone. 1. Get your...