If you own a home in Illinois and pass away without a will, you may unintentionally leave your loved ones with legal confusion, delays, and unexpected outcomes. Many people assume their house will automatically go to their spouse or children, but that’s not always how it works. In this post, we’ll walk you through [...]
When it comes to estate planning, many people think a will is all they need. But if you want to truly protect your assets, avoid probate, and make things easier for your loved ones, a revocable living trust might be the better option. In this post, we’ll walk through what a revocable living trust [...]
As a high-net-worth individual, you’ve worked hard to build wealth and acquire valuable assets. But have you ever stopped to consider whether your children actually want to inherit everything you plan to leave behind? While sentimental items and financial security are often appreciated, many heirs find themselves overwhelmed by burdensome assets, outdated possessions, and [...]
Creating a comprehensive estate plan is a vital step toward ensuring your wishes are carried out and your loved ones are taken care of after you’re gone. However, equally important is knowing how and where to store these critical documents. Proper storage and accessibility are key to effective estate planning. Here are three steps [...]
The holiday season is a time for giving and reflection. As you consider your loved ones and the year ahead, it's also an opportune moment to think about your legacy and how you can make a lasting impact on the causes you care about. Charitable Giving and Estate Planning Incorporating charitable giving into your [...]
When a loved one passes away, settling their estate is often a necessary yet overwhelming task. While it’s natural to want a quick resolution during such an emotional time, the process of settling an estate can take longer than expected. Here, we'll walk through the factors that affect how long it may take to [...]
Digital Estate Planning: Protect Your Loved Ones In today's digital age, our online lives have become an integral part of our personal and financial well-being. Unfortunately, many people overlook the importance of planning for their digital assets in their estate plans. This oversight can lead to significant challenges for executors and heirs, including increased [...]
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 [...]
Divorce is a challenging journey that many of us hope never to face, but life's twists and turns sometimes lead us down that path. Amid the emotional rollercoaster, it's essential to understand the legal implications of dividing assets and property. In the United States, property distribution during divorce can be governed by one of [...]
Five years ago, cryptocurrency was probably not on your radar, let alone a part of your estate plan. Today, it may be an important investment in your portfolio. You could even own some nonfungible tokens (NFTs), which are powered by the same blockchain-based technology. Despite the dizzying fluctuations in the value of these assets, [...]
