Do You have an Estate Plan Blueprint?
When it comes to estate planning, not having a plan is a plan. However, it is not a good one.
Estate Law Blogs & News
Should I Use My 401(k) Now in the Pandemic?
My 401(k) has dropped $31,000 in three weeks. Should I borrow some now to prevent bigger losses?
Are My Beneficiary Designations A Problem?
Most consumers are familiar with the beneficiary designation form they complete when opening an IRA or 401(k). The form designates who receives the asset, if the account owner dies. However, these forms can create confusion, unintended bequests and family turmoil, if not adequately monitored.
What To Do If I’m Named Financial Power of Attorney?
Has a loved one named you their financial power of attorney? Are you ready to take on all the responsibilities that entails? Hopefully, you won’t be called into action anytime soon, but with the coronavirus pandemic continuing, it’s something to think about.
What Is a Testamentary Trust and Do You Need One?
Utilization of a testamentary trust for the surviving spouse is an excellent idea, whether the survivor is the husband or wife.
How Do I Start My Family’s Estate Plan?
Estate planning design and implementation is not only complex but can be highly emotional. Therefore, it’s important to have a basic understanding of the estate planning process, before approaching a professional.
When Does the Fiduciary Duty Granted by a Power of Attorney Begin?
Under Illinois law, an individual holding a power of attorney is a fiduciary as a matter of law. The person designated as a power of attorney agent owes a fiduciary duty to the principal—the person making the designation.
How to Keep the Family Vacation Home in the Family
Is it time you made a decision on the future of the wonderful getaway that everybody loves but only you maintain?
When Should I Update My Estate Planning?
Has it been awhile since you reviewed your estate planning strategy? If so, it may require some updating, based on recent changes to laws impacting your tax and retirement planning.
Is Your Estate Really as Set as You Think?
You’ve considered how you want your estate to be distributed after you die. Hopefully, you’ve even written a will to make sure your wishes will be followed. So, your estate is planned…right?
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