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What Are Advance Health Care Directives in Illinois?

If you become too ill to speak for yourself, advance directives can tell what kind of medical decisions you would prefer and even appoint someone to speak and act on your behalf. Advance directives let you make decisions now for how you would like to be treated in the future. In Illinois, you may make […]

Protect Your Loved Ones with an Estate Plan

An Estate Plan is a compilation of legal documents that will turn critical in the case you become incapacitated or pass away. Creating an Estate Plan is usually low on a to-do list, because no one likes to think of their last days or any potential incapacitations. While it may be difficult to stop and […]

Estate Planning Mistakes and How to Avoid Them

Do you have an estate plan? We have mentioned in previous articles that estate plans are not just for the wealthy. There are benefits to establishing an estate plan whether you have a family or modest or complicated assets. Even though you may have created an estate plan, it is prudent to regularly review it, […]

2019 Resolutions

We have now concluded the third week of the new year. You have probably made a list of resolutions focusing on various ways to improve your outlook in 2019. As the holiday season fades away and we get back to our normal routines, have you considered ways you may improve your life this year that […]

The Benefits of a Funded Trust

The concept of “funding” a Trust involves transferring assets to the ownership of the trust. These assets include real property, financial accounts and other types of property. Fully funding a Trust ensures that you and your beneficiaries receive the most benefit out of the trust that has been created. The consequence of failing to “fund” […]

What Does it Mean to “Fund” a Trust?

When a Revocable Trust is established, the individual signing the trust must transfer assets to the newly created trust. The process of retitling assets to the Revocable Trust is known as “funding the trust”, or simply “funding”. While creating a Revocable Trust is an important first step in the estate planning process for many individuals […]

What is Probate?

Probate is the court process of administering an estate after the death of an individual. An estate is deemed everything a person owns, but in this context, it refers to either individually owned or trust owned property.  The Probate process is not merely limited to lawfully distributing assets.  It is also the venue to determine […]

When Should You Consider Changes to Your Estate Plan?

It is beyond debate that estate planning is a time and money investment that provides inestimable financial benefits for all families regardless of whether there are children or an array of financial assets. Creation of an estate plan is the first step, followed by the process of re-titling assets if the estate plan features a […]

Do Your Children Need Health Care Directives?

Ashley was ready to begin her freshman year away from home in Minnesota. When August finally arrived, her parents, Donna and Brad, drove her to the place she would call home for the next four years. Things were going well, and she was enjoying her new-found independence. She also made a lot of new friends. […]

Do You Need an Estate Plan?

Do you own a home? Have financial assets like stocks or savings accounts? Are concerned about what will happen to your minor children should you pass? Want to ensure your property is distributed in a certain order? If you answered yes to any of these questions, you need to consider estate planning. Estate planning is […]

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