How Does an Irrevocable Life Insurance Trust Work?
Life insurance is often a cornerstone of a comprehensive estate plan, particularly when an estate consists of largely illiquid assets.
October 26, 2022
Estate Planning Considerations for Minor Children
When preparing estate planning documents, certain beneficiaries may need more protection than others. One particular class of beneficiaries that needs to be intentionally considered is minor children.
October 24, 2022
No Inheritance Tax for King Charles III
King Charles III has ascended to the U.K. throne, but he won’t have to pay the U.K.’s inheritance tax on the massive wealth he inherits from his late mother, Queen Elizabeth II. That’s because of a deal the royals made with the government nearly 30 years ago.
October 10, 2022
Problems Created When No Will Is Available
People who have had a serious case of COVID-19 are 66% more likely to engage in estate planning, and 32% of adults under 35 said they wrote a will because of the pandemic.
October 7, 2022
What Do Seniors Say About Aging in Place?
For all the pain and disruption caused by COVID-19, at least one benefit appears to have come out of the pandemic for seniors: Their confidence about aging in place has soared!
October 5, 2022
How Not to Build a Family Football Dynasty
A decade before his death, the billionaire owner of the Denver Broncos consulted with attorneys about the orderly handover of the team after his death. He crafted a carefully delineated trust that his hand-picked trustees would oversee.
October 3, 2022
Did Actress Anne Heche have a Will?
The oldest son of Anne Heche has filed a petition to assume control of the late actress’s estate.
September 30, 2022
Why Is It Important to have an Estate Plan?
The new Federal Estate tax limit (above which Federal estate taxes will be payable) is $11,200,000.00 per person. Yes, most of us will not hit that limit, but 19 of the 50 states, Illinois included, impose an estate tax of their own ranging from .25% to almost 20% of your estate.
September 28, 2022
Can My Teeth Tell Me about My Health?
While we know that regular brushing, flossing and general dental care can prevent common problems such as cavities and gum disease, your teeth can also offer clues to brewing health problems. Discover what your pearly whites can reveal about your health.
September 26, 2022
Estate Planning for Blended Families
Traditional, very simple estate planning may not be sufficient to accomplish estate planning goals in many blended family situations.
September 16, 2022