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Get expert legal Tips from Lexern Law Group to protect your family, assets, and future with trusted estate planning guidance.

Estate Planning Nightmares: True Tales of Spooky Scenarios

By |2023-10-26T10:08:07-05:00October 27th, 2023|Blog, Estate Planning, Tips|

These estate planning nightmares will give you a fright if you don't have a well thought out estate plan. As the leaves fall and the crisp autumn air surrounds us, Halloween enthusiasts aren't the only ones eager to share spine-tingling stories. This season, we bring you a collection of estate planning nightmares that will [...]

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Contesting a Will: How to Prevent Family Estate Disputes

By |2023-10-17T10:05:04-05:00October 20th, 2023|Blog, Estate Planning, Tips|

Contesting a will is a complex and emotionally charged process that can lead to rifts among family members. The passing of a loved one is a difficult time for any family, and it can become even more challenging when disputes arise over the distribution of their estate. We've seen many famous examples of this [...]

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Planning for Pets in Your Estate

By |2023-10-12T09:53:46-05:00October 13th, 2023|Blog, Estate Planning, Tips|

Estate planning is a critical process that often focuses on the distribution of assets and property among family members and beneficiaries. However, for many of us, our pets are not just animals but beloved members of the family. As responsible pet owners, it's essential to include planning for pets in your estate to ensure [...]

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Unlocking Tax Savings for Business Owners: Section 1202 Stock

By |2023-10-03T11:00:28-05:00September 29th, 2023|Blog, Business Law, Tax Law, Tips|

Tax savings for business owners may be found in the Qualified Small Business Stock. As a business owner or professional looking to invest in small businesses, you're likely always on the lookout for ways to optimize your financial strategy. One powerful but often overlooked avenue for reducing tax liability is Section 1202 stock, also [...]

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The Best Ways to Leave Your Kids an Inheritance

By |2023-09-14T10:47:33-05:00September 15th, 2023|Blog, Estate Planning, Estate Planning, Tips|

The best ways to leave your kids an inheritance don’t need to be as complicated as you may think. Leaving an inheritance for your children is a thoughtful and caring way to provide for their financial future. Whether you have accumulated substantial wealth or modest assets, planning how to pass them on efficiently is [...]

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The Best Ways to Transfer Property in Your Estate Plan

By |2023-08-10T10:27:34-05:00August 11th, 2023|Blog, Estate Planning, Estate Planning, Tips|

When it comes to estate planning, transferring property is a crucial aspect that requires careful consideration. For many, properties including your home, vacation homes, and even income properties, are a large part of your wealth. With baby boomers currently passing down over $53 trillion to their heirs in one of the largest generational wealth [...]

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Talking to Your Kids About Their Inheritance

By |2023-08-08T09:14:00-05:00July 21st, 2023|Blog, Estate Planning, Estate Planning, Tips|

Talking to your kids about their inheritance may seem like an overwhelming conversation. Easier said than done, right? But, sometimes the hard conversations are the most important ones. You've worked hard to build a life you're proud of, and with that comes thinking about what you will be leaving behind for the next generation. [...]

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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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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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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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