Our Estate Planning Blog
In August 2024, Governor JB Pritzker signed a law which makes it much more likely that third-party institutions will accept the powers of attorney you have created with the help of your lawyer.
Money matters can get complicated when two families unite. Planning is key.
In fact, many couples with no children mistakenly believe that they are less likely to need a last will and testament than couples with children.
Beneficiaries, in general, are people or entities that the holder of an account designates to receive the assets in the account, typically, in the event of the account holder’s death.
Are you worried about what might happen to your accounts and investments if you become disabled or incapacitated?
The death of a loved one results in an emotional grief that, when combined with large sums of money on the line, can cause the beneficiaries of the will or trust or the heirs of the deceased to challenge the validity, interpretation, or administration of the will or trust.
Digital assets are now a major cause of problems in settling and distributing estates. You must carefully consider and incorporate your digital life into the estate plan.
How should you include digital assets in your estate plans? What do your heirs need to know about inheriting these assets?
When you fail to plan for your death, your heirs may end up fighting.
Unfortunately, death doesn’t just happen to other people. We should all get our affairs in order, so that our loved ones can focus on grieving and moving on once we pass.
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