Updates, News and Reminders

Whether you are a new parent, have a growing family, or are a grandparent, now is a good time to protect children’s financial resources

Hiring an estate planning attorney in Chicago for a basic living trust typically costs between $2,500 and $6,000.

Knowing whether you are subject to estate taxes or if your estate must go through probate can significantly impact your family.

Trust decanting is a significant part of the Illinois Trust Code, which governs Trusts within the state of Illinois. Decanting refers to transferring assets from one Trust to another due to changing circumstances. These changing circumstances may include a multitude of factors. This can include anything from changes in tax law to an unforeseen event … Continue reading Trust Decanting

The Spendthrift Clause is an important and integral component of your Living Trust. This clause protects future Trust benefits from most creditors and spouses, as well as limiting how the beneficiary can reach assets. This provision helps protect a beneficiary who may not be the most financially responsible, for one reason or another. The beneficiary … Continue reading Spendthrift Clause

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

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

When it comes to estate planning, there are several myths. And not knowing fact from myth can be very costly.

Joint Tenancy – it is quick, convenient, and tempting. It used to be called “The Poor Man’s Will.” And it is fraught with potential disaster. Consequently, aside from marital funds, you should be very cautious of ever using it to title assets.

If you move your legal residence, must you change your estate plan?

Americans move an average of 12 times in their lifetimes and as frequently as once every five years. Does your estate plan move with you?

As with all legal issues, the answer to that question is unnecessarily complicated.