Updates, News and Reminders

Successor Trustee and Agent changes are a few critical changes to note in 2025 for your estate planning.

Possible repeal of federal mandate to pursue families and estates for repayment of Medicaid

Are you a parent or guardian of a child with a disability? If so, you may consider creating a Supplemental Needs Trust to protect your child following your passing. This Trust allows those with special needs to receive government benefits while also allowing them to retain funds for personal use. The beneficiary uses these funds … Continue reading Supplemental Needs Trusts

Probate: A grueling, neverending process that tears families apart. When someone passes away, there are numerous different things that the family has to deal with. If the deceased only had a Will when they passed, their entire estate would have to go through probate, which means that the Will must be proven in a court … Continue reading Avoiding Probate

Possible repeal of federal mandate to pursue families and estates for repayment of Medicaid

Cybercrimes are projected to increase by 15% annually and rise to an annual cost of $10.5 trillion in 2025.

It is often shocking to discover how vulnerable your most valuable asset is to being lost. Yet, a few simple, inexpensive asset protection steps can protect your home.

Cybercrimes are projected to increase by 15% annually and rise to an annual cost of $10.5 trillion in 2025.

A Series LLC is a form of a Limited Liability Company (LLC) that combines a corporation’s and a partnership’s features to form a separate business entity. This combination of features protects an LLC from personal liability for business debts of a corporation and the pass-through tax structure of a partnership or sole proprietorship.

What is your legal residency if you live in one state and travel to another for several months per year for tax purposes and your estate plan? For Illinois residents, the most common state to have a second home if Florida. If you leave for the winter months, when are considered a resident of Florida?  … Continue reading Snowbird or Resident for Taxes and Estate Plan?