Whether you are setting up an estate plan or making changes to your estate plan later in life, it is critical to ensure that you take the right approach and address any areas of concern, such as undue influence and challenges related to the executor of your estate or...
Estate Planning
Estate planning and Alzheimer’s disease
Whether you were recently diagnosed with Alzheimer's, you have struggled with this disease for many years or a loved one is battling this disease, it is imperative to understand the different ways in which Alzheimer's affects the estate planning process. If you are...
Two types of charitable remainder trusts
When it comes to outlining wishes for an estate plan, a person may have multiple goals. On one hand, he or she may hope to leave a legacy for family members. The person may also like the idea of supporting the work of a non-profit organization. An estate plan may well...
What should you look for when choosing an executor?
Illinois residents like you need an executor to carry out your will and manage your estate. Their role is so crucial that some experts call them the foundation of your estate plan. To this end, you want to ensure you pick a good one. But how exactly can you do this?...
Trusts may be beneficial for reducing estate taxes
Throughout life some people in Chicago have been able to amass significant amounts of assets. These assets may come in the form of real estate, investments, retirement accounts, collectables and other forms. People know that they will not be able to bring these assets...
Estate planning and tax planning for high-end clients
Complex estate planning issues can arise when it comes to tax law and estate planning. Sometimes it takes a more-experienced law firm to assist the high-asset clients that are facing such issues. One such topic that may come up as April looms near are tax exemptions...