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…
With Wix Blog, you’re not only sharing your voice with the world, you can also grow an active online community. That’s why the Wix blog comes with a built-in members area – so that readers can easily sign easily up to become members of your blog What can members do? Members can follow each other,…
The honest answer is not much. Wills and trusts are basically the same thing. They both name beneficiaries for your assets and they both appoint someone to administer the document when you are gone. The difference between the two documents is therefore more about what we do with each one once it is signed.
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…
