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Plan ahead with Lexern’s trusted estate planning services, including wills, trusts, probate planning, and protection for your loved ones.

The Importance of Estate Planning for Single Individuals

By |2023-06-15T10:28:38-05:00June 16th, 2023|Blog, Estate Planning, Estate Planning, Tips|

Estate planning for single individuals helps to create a plan for the unique situations that one may face. In an ever-evolving society, the concept of family and personal relationships has undergone significant changes. Today, there is a growing number of individuals who are widowed, unmarried, or live alone without immediate family members to rely [...]

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Tax Bracket Changes for 2023

By |2023-06-08T10:18:22-05:00June 9th, 2023|Blog, Business Law, Estate Planning, Estate Planning, Small Business, Tax Law, Tips|

Tax brackets changes for 2023 have been announced by the IRS in response to rising inflation. Tax brackets play a crucial role in determining how much individuals and businesses owe in taxes. These brackets define the income ranges that correspond to different tax rates, ensuring a progressive tax system where higher earners pay a [...]

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How to Help Your Adult Children Buy a Home

By |2023-06-01T10:57:49-05:00June 2nd, 2023|Blog, Estate Planning, Estate Planning, Tax Law|

Learn the right ways to help your adult children buy a home so you minimize any implications on your own financial goals and estate planning. As parents, we want the best for our children, and one significant milestone in their lives is purchasing their first home. However, rising property prices and challenging financial circumstances [...]

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Estate Planning Pitfalls to Avoid for Business Owners

By |2023-05-26T09:30:18-05:00May 26th, 2023|Blog, Business Law, Business Structure, Estate Planning, Estate Planning, Small Business|

As a business owner, you have many responsibilities, and estate planning may not be high on your priority list. However, failing to plan adequately can have significant consequences for your business and family. Estate planning is a complex process that requires careful consideration of various factors, and there are several pitfalls that business owners [...]

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Estate Planning for Family Businesses

By |2023-05-18T09:47:38-05:00May 19th, 2023|Blog, Business Law, Business Structure, Estate Planning, Estate Planning, Small Business, Tips|

As a family business owner, you've worked hard to build a successful enterprise that reflects your family's values and legacy. However, as you approach retirement, it's important to plan for the future of your business and ensure a smooth transition of ownership and management to the next generation. Estate planning for family businesses can [...]

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Top Estate Planning Strategies for Business Owners

By |2023-05-11T11:06:46-05:00May 12th, 2023|Blog, Business Law, Estate Planning, Estate Planning, Small Business|

Estate planning strategies for business owners should consider both your professional and personal goals. As a business owner, you have likely invested a considerable amount of time, effort, and resources into building your company and accumulating wealth. However, without proper estate planning strategies in place, much of that wealth may be lost or subject [...]

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How to Safeguard Your Business Legacy

By |2023-05-03T10:09:12-05:00May 5th, 2023|Blog, Business Law, Business Structure, Estate Planning, Estate Planning, Small Business|

With the proper planning you can safeguard your business legacy to ensure your business lives on for generations to come. As a business owner, you put everything into building and growing your business. It's not just a source of income, but also a reflection of your passion, hard work, and dedication. However, amidst the [...]

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Transferring Ownership of Your Home the Right Way

By |2023-04-27T13:00:59-05:00April 28th, 2023|Blog, Estate Planning, Estate Planning|

One of the most significant financial decisions you can make is transferring the ownership of your home to another person. It may seem like a simple process, but it can have consequences you may not have thought of. Transferring ownership of your house to someone without professional estate planning is not a wise decision. [...]

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Why Life Insurance is Important for Estate Planning

By |2023-04-20T10:15:09-05:00April 21st, 2023|Blog, Estate Planning|

When it comes to estate planning, life insurance is an essential component that shouldn't be overlooked. Many people think that life insurance is only necessary for providing financial support for loved ones in case of an unexpected death. However, life insurance can also play a vital role in your estate plan, ensuring that your [...]

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4 Things To Do When You Inherit an IRA

By |2023-04-13T10:27:25-05:00April 14th, 2023|Blog, Estate Planning, Tips|

What to do with an inherited IRA can seem overwhelming at first, but inheriting an IRA can be a significant financial asset. It's important to understand the options available to you and how to make the most of the money you've inherited. If you've inherited an individual retirement account, there are many planning decisions [...]

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The Lexern Law Group, Ltd. is an Illinois and Wisconsin business and estate planning law firm, located in Libertyville, Lake County, Illinois. We primarily serve clients that are located in Northeastern Illinois and Southeastern Wisconsin, including Libertyville, Lake Forest, Vernon Hills, Buffalo Grove, Glenview, Wheeling, Palatine, Northbrook, Lincolnshire, Grayslake, Arlington Heights, Kildeer, Schaumburg, Gurnee, Deerfield, Deer Park, and Barrington areas. In Wisconsin, we serve clients in Milwaukee, Racine, Kenosha, and Mequon counties. We represent business owners and licensed professionals, such as doctors, dentists, veterinarians, and their families in business, business succession, and estate planning matters.

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