Updates, News and Reminders

A family vacation can change in an instant. Read why one real-life story reinforced the importance of having an estate plan before you travel.

Agencies across the country have made tremendous progress in recognizing the importance of officer wellness

When people hear “estate planning,” they usually think about money and death. What estate planning actually does

Estate planning is not just for retirement. For first responders, it’s something that should be done early and done right.

Learn what happens to your assets, family, and estate under Illinois intestacy laws if you die without a will.

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

“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

A standard umbrella policy covers all vehicles on your policy and your home for injuries caused to guests or visitors on your property. An umbrella policy can also cover libel or slander claims (posting a bad review or social media comment,) malicious prosecution, and overseas travels. The policy limits begin at $1,000,000,00 and average only $230 per year.

A beneficiary is easy to name on a life insurance policy, deferred compensation account, or estate plan. However, those beneficiaries are often outdated, or through no fault of your own, they carry significant risk. Outdated Beneficiary Designations Having beneficiary names listed on policies and accounts that are no longer current to your wishes is more … Continue reading Beneficiary: It’s Time to Update Yours

If your marriage has ended in divorce, your spouse has died, or you have remarried and both spouses have children from a prior marriage, you must revisit your Living Trust or any other estate plan and update it along with all your beneficiary designations. Divorce Going through the process of ending your marriage can be … Continue reading Divorce, Blended Families and Your Living Trust