Young Illinois families often think they can worry about an estate plan later. But if you’re at a point with kids, a home, and you’re starting to gain assets, you really need to think about the future. Estate planning could be essential far sooner than you think, and it is much better to be prepared….
If you don’t have an estate plan when you pass away, the Illinois probate process will trigger. If there is no will or other documents, your assets have to pass according to intestacy statutes. This could mean that your assets don’t pass as you would actually like, and your family members will have to go…
When should you start your plan to avoid probate in Illinois? The answer is now. This isn’t something you wait until you retire or “later,” as the unexpected could happen at any time. Planning to avoid probate now gives you peace of mind that your hard-earned assets are protected. It also protects the beneficiaries and…
Probate is often something you think about being a “problem for later.” Unfortunately, if you keep thinking this way it is your family that pays the price. You’re certainly right that you won’t have to deal with it, but do you want them to? Illinois probate can be time-consuming and expensive. Without the right estate…
In very broad terms, there are three categories of people that need a revocable living trust. They include the following: There are obviously more people who need a revocable living trust, but this seems to be the “big three” when it comes to myself and my law practice. Before I discuss each of these three…
