Life insurance can play a key role in any estate plan. It provides immediate financial support when a person passes away. It can help cover debts, lost income, and much more. The value of your life insurance often depends on naming your beneficiaries the right way. Doing so incorrectly could have significant consequences you may…
A living trust is a popular and very effective way to avoid probate, if it is properly funded. Many families forget to properly fund their trust, making it ineffective at the time they need it most. Without proper funding, the trust is worth little to nothing. This often happens when families rely on DIY trust…
If you owe back taxes, you might feel like that amount on that notice is set in stone. You owe it, the IRS wants it, and that is the end of the story. But that is not always the case. So, can you settle IRS tax debt for less? Depending on your financial situation and…
AvoidProbate makes it easy to properly handle your estate planning from the very beginning. We focus on comprehensive and experienced legal work that gets you the results you need. Your case receives personal attention from a licensed and highly experienced attorney. You are not thrown to the mercy of software or AI that might give…
Having to think about a possible future where both parents die and the children are left behind is difficult, but necessary. As a parent, you need to plan for this unfortunate possibility. The right Illinois estate plan can help protect your kids, how they will be raised, and their legal rights. A well-crafted plan can…
A major life chance impacts so much of your everyday happenings. It can also make your current estate plan out of date impracticable. If your will or trust is outdated, it may not work the way you really want it to anymore. This can cause confusion or even litigation after you pass. By keeping things…
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…
