There are situations in which people cannot manage their own affairs. They could end up in a coma after a car crash, for example. In such circumstances, powers of attorney (POAs) can be highly valuable documents. They authorize a trustworthy person to handle financial...
Creating an estate plan can be time-consuming, but it provides a sense of relief once it’s complete. You know your loved ones will have financial security and your assets will be managed and distributed according to your wishes. However, an estate plan can become...
Making that leap to adulting can be exciting. You’re no longer living under your parents’ roof, and you’re doing adult things such as working, paying rent and buying groceries. The last thing on your mind is creating an estate plan because that seems like something...
Estate planning ensures that your estate can follow your wishes and care for your loved ones in the future. In Illinois, having the proper documents in place is important for making this happen smoothly. There are several key documents you should consider including in...
Blended families often face unique challenges when dividing assets. Without careful planning, disagreements over wills can strain relationships. Fortunately, planning ahead can help families avoid conflicts and protect their loved ones. Discuss wishes openly with...
Estate planning involves making strategic decisions to preserve wealth and provide for loved ones. Spousal Lifetime Access Trusts (SLATs) offer unique advantages for couples looking to reduce estate taxes and maintain financial security. Understanding the benefits of...
Creating an estate plan is one of the most important things you can do to protect your assets and provide for your loved ones after you’re gone. Trusts are a valuable tool that can help you manage your assets and ensure your wishes are carried out. With several types...
When a loved one creates an estate plan, it's meant to reflect their true wishes. However, sometimes others may improperly influence them, leading to unfair distributions. Recognizing signs of undue influence can help protect your loved one's intentions and ensure...
In today's digital age, many people include cryptocurrency in their financial portfolios. With assets like Bitcoin and Ethereum becoming more common, you should consider how to include digital currencies in your estate plan. Properly managing cryptocurrency ensures...
When discussing wills, we usually refer to legal documents with instructions on distributing assets after a person’s death. However, an estate plan might also include another type of will: a living will. This document indicates end-of-life plans and preferences,...
