Updates, News and Reminders

What are POD and TODs? They are an increasingly popular method of providing for the distribution of financial accounts at your death. They are helpful in certain situations; however, there are critical limitations and risks associated with using them.

Firearm ownership transfers upon disability or death are covered in the Illinois Trust Code. With the statute, firearm ownership upon disability is fraught with potential issues.

Disaster intrudes into our lives without any warning in most instances. Therefore, being prepared and protecting yourself and your family is critical.

The reality is that every one of us is at risk of becoming a ward of the state – under order and control of the court system.

A checklist helps to ensure there are no gaps in your health care, financial, insurance, or estate plan documents.

“Our Living Trusts experience with Tom Tuohy was five stars; from the moment that we walked into his office and met his staff, and then talked to Tom, it felt like we were with friends. My wife and I have been wanting to get our estate planning done for many years, and we were happy … Continue reading Living Trusts are Essential

Is it necessary for your children to have a Health Care Power of Attorney document? The short answer is- Maybe

What could those three people possibly have in common? Horrendous estate planning.

We have all experienced the health care system. Honestly, can you say you are looking forward to your next experience? Part of it is the uncertainty of what we will find out. However, most of our anxiety and frustration is about the feeling we are not in control. Well, you can be, and you have the right to be in total control of your health and your care.

Whether at your retirement or death, an often overlooked issue can cause many problems. Whether you have two firearms or 20+, transferring them to another person is a process. I know you understand how someone did that a few months ago. However, like everything else, times have changed. Firearms Transfer During Your Lifetime During your … Continue reading Firearms Transfer Rules Update