Year: 2021

If you became appointed as a successor trustee in Illinois, it can feel overwhelming and confusing. Understandably, most people don't have prior experience in this role. Because of that, it's important to learn about your duties as a trustee. Here are some steps...

Blended families are more common than ever, with stepchildren and half-siblings joining into a new household after a divorce. If you are planning your estate in Illinois, the thought of incorporating your entire blended family may seem overwhelming. Learning about the...

Estate planning involves thinking about mortality, which is why Illinois residents may write a last will and testament. However, a will is not the only type of document that might be needed for estate planning. Many documents serve vital purposes when someone is still...

More and more Illinois residents decide to plan for a future when they won’t be here. They don’t want to burden loved ones with making decisions involving distributions. Besides that, many try to protect family members from having to pay an estate tax. Estate planning...

You've hit the jackpot on the Illinois State Lottery, and your money worries are over, right? Not so fast. If you don't protect your lottery winnings, you could end up with a lot less money than you think. Protecting lottery winnings through trusts Proceeds from huge...

Every Illinois citizen who has a will made can name an executor. An executor is a person who fulfills the wishes in a person's will. If someone has asked you to be an executor of their will, there are some key qualities that you want to live up to to be a good...

Illinois inhabitants who are getting ready to go through the estate planning process have many different decisions to make. While you likely have many assets in your mind that you want to be passed down to your children, there are also other things that you need to...

When you are creating an estate plan in Illinois, you may want to leave money for your children. However, you may also want to safeguard that inheritance in case your child gets a divorce. A trust can also be useful if your child is a minor or if you are worried about...

Collectors may amass a great many belonging, and some items could be quite valuable. Estate planning could include directives regarding collectibles and treasures. Several Illinois homes have some intriguing collectibles on display and in storage. When the owner...

After a loved one passes away, heirs may soon find themselves in an Illinois probate court. Not every estate requires the probate process, so beneficiaries need to review the testator's assets to determine if probate is necessary. An attorney may advise survivors if...