Naperville Estate Planning Attorney Discusses Incentive Trusts

It would be nice if every person was financially responsible and capable of making good decisions regarding money, but the reality is that many people struggle with establishing good spending habits. For such individuals, money in hand does not last long, often being spent on frivolous things—at least in the opinion of their friends and […]

Naperville Estate Planning Lawyers Discusses Foreign Trusts

In today’s connected world, more people that ever before have begun participating in a global economy. Having family members living and working both in the United States as well as overseas often brings with it a number of issues when you are deciding what will happen to your estate upon your death. As an experienced […]

Naperville Estate Planning Attorney on the Basics: What Is a Trust?

There are many ways to prepare an estate plan, and what is right for one person may not be the best plan for someone else. As you look toward the future, you need to develop a plan that is customized to meet your needs, but you may not even know where to begin. For example, […]

Naperville Estate Planning Lawyer Discusses How a Living Trust Can Protect Your Assets

If you are in debt, you may be wondering what happens to all of your assets when you pass away. In my practice as an estate planning lawyer, clients frequently ask me questions of this nature. Do the nagging creditors get everything that you have acquired over the years, or do your children and heirs […]

Naperville Estate Planning Lawyer on Caring for Your Furry Friends with a Pet Trust

More than half of all Illinois households include at least one family pet. Of course, in many homes, a companion animal like a dog or cat is much more than a pet; he or she is a part of the family, with his or her own personality, temperament, and individuality. But, have you considered what […]

Naperville Lawyer Addresses Why Your Will Should Include a Special Needs Trust Clause

Did you know that more than 50 million Americans deal with disabilities and special needs? That number represents nearly 20 percent of the population. It also means most families, at some point, will need to consider the best interest of a disabled or special needs person in planning for the future. Such considerations are often […]

What is the Function of a Trust, and What Types of Trusts Exist in Illinois?

When you and your spouse decide to begin planning your estate and determining property or assets to pass on to your children, there are a few options available to you. One of these options is a trust, which can shield said assets from taxation and probate. They also enable you to protect your family and […]

New Higher Estate Tax Exclusions for 2014

An important part of estate planning is gifting.  The benefits include transferring assets to beneficiaries tax-free.  It also allows the guarantors to see their gifts being enjoyed by their family members and friends.  In 2014, the amount that people can transfer or gift while still avoiding taxes will be increased. With data from the Consumer […]

Benefits of a Generation Skipping Trust in Illinois

If you have started with some research on estate planning, you probably came across the term generation skipping transfer. When used properly, your estate planning can encompass goals and giving across multiple generations, which benefits many families across Illinois. Although there are certainly situations where giving conversations only involve one generation, many individuals and couples […]

Stretching an IRA

Leaving money to your children or any other beneficiaries doesn’t have to be a one-time deal. According to AARP Magazine, you can actually leave money to your kids or grandkids that increases over time, “with a little bit of planning on your part—and a little educating of your beneficiaries.” This type of IRA is called […]