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

Trustees vs. Executors in Estate Planning

By |2024-06-13T10:05:59-05:00June 14th, 2024|Blog, Estate Planning|

Trustees vs. executors in estate planning can be a confusing line to define if you're unfamiliar with these roles in estate planning. Estate planning can be a complex web of terms, and two that often cause confusion are trustees and executors. Both play vital roles, but understanding their distinct duties is crucial for crafting [...]

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Estate Planning for the LGBTQ+ Community

By |2024-06-06T11:44:05-05:00June 7th, 2024|Blog, Estate Planning, Estate Planning|

Love is love, but estate planning for the LGBTQ+ community can be more complex than it should be. While significant strides have been made towards equality, there are still legal nuances to consider to ensure your wishes are respected and your loved ones are protected. This blog post will explore some key elements of [...]

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Probate- A Timely & Costly Process to Avoid

By |2024-05-31T09:51:20-05:00May 31st, 2024|Blog, Estate Planning, Estate Planning|

Estate planning isn't just about who gets your stuff – it's about making the transition as smooth and stress-free as possible for your loved ones. One of the biggest hurdles they might face? Probate. Probate: A Time-Consuming and Costly Ordeal Probate is the court process that oversees the distribution of your assets after you [...]

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The TCJA and Estate Taxes- Start Preparing Now

By |2024-05-23T11:10:47-05:00May 24th, 2024|Blog, Estate Planning|

The TCJA and Estate Taxes could be up in the air depending on the presidential election outcome. With the 2024 election looming, uncertainty hangs over the fate of the Tax Cuts and Jobs Act (TCJA) of 2017. This landmark legislation included a significant increase in the estate tax exemption, allowing individuals to transfer much [...]

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Irrevocable Grantor Trusts: IRS Ruling May Affect Your Estate Plan

By |2024-04-25T09:47:43-05:00April 26th, 2024|Blog, Estate Planning, Estate Planning|

Irrevocable Grantor Trusts (IGTs) have been a popular tool for estate planning. They help you reduce estate taxes, avoid probate, and distribute assets according to your wishes. But a new IRS ruling (Revenue Ruling 2023-2) throws a wrench into things. Let's break down what this means for you. What are Irrevocable Grantor Trusts (IGTs)? [...]

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Spring into Action: 7 Reasons to Start Estate Planning Now

By |2024-04-18T11:27:59-05:00April 19th, 2024|Blog, Estate Planning, Estate Planning, Tips|

Reasons to start estate planning this Spring are all about getting a fresh start! Spring has sprung! The birds are chirping, flowers are blooming, and there's a fresh sense of renewal in the air. It's the perfect time to tackle that spring cleaning list, but what if we told you there's an even more [...]

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Trust vs Will: How an Estate Planning Attorney Can Help

By |2026-04-21T12:53:03-05:00April 12th, 2024|Blog, Estate Planning, Estate Planning, Tips|

Trust vs Will: Which Estate Planning Strategy is Right for You? When it comes to securing your family’s future, the debate of trust vs will is one of the most critical conversations you can have. Many people mistakenly believe that estate planning is only for the ultra-wealthy, but the reality is that anyone with [...]

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What is a Spousal Lifetime Access Trust (SLAT)?

By |2024-04-05T09:16:57-05:00April 5th, 2024|Blog, Estate Planning, Estate Planning, Tips|

A Spousal Lifetime Access Trust (SLAT) may be a tool that you need in your estate planning to stay ahead of taxes. In the world of estate planning, the landscape is ever-changing, with tax laws and regulations in constant flux. Recent proposals to alter federal estate and gift tax exemptions serve as a stark [...]

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Preserving Generational Wealth with Estate Planning

By |2024-03-28T10:01:47-05:00March 29th, 2024|Blog, Estate Planning, Estate Planning|

How do you preserve generational wealth? In today's fast-paced world, where financial stability and security are paramount concerns, building generational wealth has become a significant goal for many families. Generational wealth isn't just about accumulating riches for oneself; it's about ensuring that those assets are preserved and passed down to future generations. At Lexern [...]

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Leveraging Life Insurance in Estate Planning

By |2024-03-21T09:44:57-05:00March 22nd, 2024|Blog, Estate Planning, Estate Planning, Tips|

Life insurance in estate planning is a crucial aspect of financial management often overlooked or delayed by many individuals. Yet, it holds significant importance in securing the future for your loved ones and ensuring your assets are distributed according to your wishes. Among the myriad tools available for estate planning, life insurance stands out [...]

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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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