How Can I Add Charitable Giving to My Estate Planning?
Charitable giving comes in many forms. Some people donate annually to their favorite charities, while others may volunteer their time or professional services.
Estate Law Blogs & News
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.
How Do Farmers Start an Estate Plan?
Planning for the end of your life can be intimidating. When you are a farmer, your business is not only your livelihood and your passion, but, often, it is also intermingled with your family life. For that reason, estate planning — arranging for the management of your assets once you die — is especially important for aging farmers.
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?
What Is a ‘Survivorship’ Period?
Survivorship periods don’t usually surpass 60 days. If this period surpasses 120 days, it could put the tax-free estate transfer of assets to a surviving spouse at risk.
Do I Need an Estate Plan with a New Child?
If you have children or are expecting one, you may also want to take the three big estate planning steps that we did.
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