Talking to Your Family About Your Estate Plan

In my practice as an estate planning lawyer, I meet with clients almost every day who are at least a little bit intimidated by the process. For many, it is not the logistics that bother them; it is the difficult subject matter. It can be quite uncomfortable to face the reality that we will not […]

Naperville Lawyer Explains Why You Are Rich Enough for an Estate Plan

It is an often-cited number, but it bears repeating: about 60 percent of American adults do not have any type of estate plan in place. Some of those adults, of course, include young men and women fresh out of high school or college, so their lack of an estate plan is somewhat understandable, but why […]

Naperville Estate Planning Attorney Offers Five Ways Your Will Can Become Obsolete

As you probably realize, a will often provides the foundation for a comprehensive estate plan. In some cases, a person’s will is the only instrument used to transfer his or her assets to heirs and beneficiaries. This is not uncommon, particularly among individuals with modest estates and few complex holdings. In my practice as an […]

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 Lawyer Talks About Divorce, Ex-Spouses, and Estate Plans

According to current estimates, the divorce rate in the United States is somewhere between 30 and 45 percent. While the exact number may be tough to pin down, the reality is that thousands of couples get divorced every year in Illinois alone. A divorce can change your life in more ways than you might realize […]

Naperville Estate Planning Attorney Talks About Your Living Will

If I were to ask you to talk about your estate plan, what would you describe? For many people, their first thoughts turn to documents such as wills and trusts that allow for the transfer of assets to heirs and beneficiaries. Of course, wills, trusts, and similar instruments represent a large part of estate planning, […]

Naperville Estate Planning Lawyer Discusses Handwritten Wills

For most people, a last will and testament is one of the most important documents they will ever create. Your will is likely to contain provisions that dictate how your assets are to be divided among your chosen beneficiaries but may also include many other considerations. You can use your will to establish guardianships for […]

Naperville Lawyer Talks About Estate Planning and Divorce

Many mental health professionals believe that the emotions that accompany a divorce are often very similar to those associated with the death of a loved one. While no one can reasonably claim that divorce and death are the same, there is little question that a divorce will change your life forever. In fact, the effects […]

Naperville Estate Planning Lawyer Discusses the Impact of the Estate Tax

Throughout the 2016 presidential election, one of the many points of disagreements between the candidates was the issue of the estate tax. The estate tax—sometimes referred to as the “death tax”—is the portion of a deceased person’s estate that must be paid to the federal and/or state government before the remainder of the estate can […]

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, […]