Updates, News and Reminders

The American Bar Association defines ‘legal capacity’ as “the ability to perform a task – or make a decision. State laws set out the standards of legal capacity for various tasks – consent to treatment, make a Will, Trust or Deed, and make a gift or contract.

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.

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.

There are various reasons why your listed beneficiaries might not fit your current intentions. It can also prove costly because of circumstances beyond your control.

The Fall Season is traditionally when clients finally take care of their Living Trust and estate plan. There isn’t anyone who hasn’t thought of taking care of this critical business. But there always seems to be something more important to do. Hopefully, this update gives you some valuable information and an incentive.