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June, 2014 Archives

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A long-term care plan can be an important part of estate planning

Posted on June 8, 2014 //

Many people in Chicago, Illinois, may view long-term care planning as unnecessary. Unfortunately, these people may be exposing themselves to significant financial risk. The interest group AARP reports 7 out of 10 Americans over age 65 will require long-term care, and 20 percent of people in the same age bracket need care for longer than 5 years. … [Read more...]

Filed Under: Estate Planning // Tagged: , , , , , , ,

Understanding Illinois’ estate tax law

Posted on May 29, 2014 //

The estate tax is a tax placed on a deceased person’s right to transfer property after their death.  The total amount of assets in the person’s estate is known was their gross estate. … [Read more...]

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Placing safeguards for underage beneficiaries in Illinois

Posted on May 28, 2014 //

Having a child can complicate life in many ways, especially when it comes to estate planning. When parents have an underage child they should know that, there are several estate planning methods they can use to protect their child in the event that they should die unexpectedly. … [Read more...]

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Regardless of your age, you should have an estate plan

Posted on May 20, 2014 //

Most people, if not all, can benefit from having rules and parameters in place for others to follow at the time of their death. These rules are called estate plans. … [Read more...]

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Tips on maintaining your estate plan

Posted on May 15, 2014 //

If you are one who understands the importance of having an estate plan, you may have already taken the first important step of meeting with an attorney. During this process, you most likely discussed and had and paperwork drawn up for a will, a power of attorney or perhaps a trust. … [Read more...]

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The advantages of setting up a trust

Posted on May 14, 2014 //

Many people in Chicago, Illinois, may think creating a will is enough to set their affairs in order. Although a will represents an essential starting point, people with significant assets or complicated circumstances should also consider setting up a trust. … [Read more...]

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