Estate Planning

You don't need to own cryptocurrency or be a social media influencer to have digital assets in Illinois. Digital assets are records kept electronically that you either control, own, or license. If you don't make the necessary arrangements for these unique assets...

In Illinois, estate planning gives you the legal right to set up a power of attorney, or POA. Managing your estate may call for others to have equal authority over your business or finances, so granting others authority on your behalf is what a power of attorney does....

One of the most important steps Illinois residents make during the estate planning process is choosing an executor for their will. This is a vital decision because the individual chosen should be trustworthy with respect to following directions. Many testators will...

All adults in Illinois should have an estate plan. The bare minimum for that is a last will and testament. Should someone die intestate, it can cause real problems for their loved ones and result in a long probate court process. Even when people have wills, they often...

Many people in Illinois make a habit of donating to charitable causes. Besides enjoying the feeling that comes from helping others, giving back to charities also helps reduce tax expenses for you and your beneficiaries. Here are a few tips to help you benefit from...

Many seniors may be concerned that they will need long-term nursing care in the future. However, the costs of this type of skilled nursing care may be out of reach for large numbers of people, even if they have saved a some funds that they would like to pass on to...

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...