Estate Planning

How Should Intellectual Property Be Addressed in an Illinios Estate Plan?

Posted on April 18, 2024

Naperville, IL estate planning lawyer

Intellectual property (IP) can sometimes be overlooked during the estate planning process. However, these assets can be among the most valuable parts of an estate. Authors, artists, inventors, or entrepreneurs who own intellectual property will need to understand the value of these assets, the steps that may be taken to protect their family’s financial interests, and the best options for addressing these concerns in an estate plan. By doing so, a person can ensure that his assets will be managed according to his wishes both during his lifetime and after […]

Posted in Estate Planning

6 Common Mistakes to Avoid When Creating a Special Needs Trust

Posted on April 10, 2024

Naperville, IL special needs trust lawyer

Creating a special needs trust is a critical step for families that are looking to protect the financial well-being of a loved one with disabilities and ensure that the person’s needs will be provided for. These trusts are designed to provide supplemental support without jeopardizing the beneficiary’s eligibility for government benefits like Medicaid or Supplemental Security Income (SSI). However, the process of establishing a special needs trust is fraught with complexities, and missteps can have significant repercussions.  By being aware of the common pitfalls that may arise and working with […]

Posted in Estate Planning

How to Use Donor-Advised Funds for Charitable Giving

Posted on April 4, 2024

Naperville, IL charitable giving strategy lawyer

Charitable giving is not just an act of generosity; it is a pivotal component of strategic estate planning. While there are many different types of charitable giving strategies, donor-advised funds (DAFs) can be an especially effective vehicle for philanthropy, offering a blend of flexibility, convenience, and tax benefits. Understanding how to leverage DAFs can significantly enhance your charitable contributions and play a crucial role in your estate plan. An experienced attorney can provide guidance on the use of these tools and other strategies that can help you manage your assets, […]

Posted in Estate Planning

Why it Is Important to Update Your Estate Plan Regularly

Posted on March 26, 2024

Whether you own complex assets or simply need to make sure your affairs are in order, an estate plan is crucial for your peace of mind. It is important to take steps to ensure that your assets will be distributed according to your wishes, and your estate plan can also make sure your property and finances will be managed correctly. However, creating an estate plan is not a one-time task—it requires regular updates to remain effective, especially for those with a high net worth. An experienced attorney can provide invaluable […]

Posted in Estate Planning

Top Asset Protection Strategies to Use in a High Net Worth Estate Plan

Posted on March 20, 2024

When it comes to estate planning for high net worth individuals and families, asset protection is a critical component. Protecting your assets ensures that your wealth will be preserved for future generations, safeguarded from potential creditors, and structured in a way that aligns with your long-term goals. With the guidance of a knowledgeable attorney, you can implement strategies that effectively shield your assets while maintaining compliance with legal standards. Establishing Trusts Trusts are a vital component of many estate plans, and they ensure that assets will be managed correctly, preserved, […]

Posted in Estate Planning

How to Address Complex Investments in Your Estate Plan

Posted on March 14, 2024

When you have worked to build up assets and increase your net worth throughout your lifetime, you will want to make sure you and your family will be protected in the future. Estate planning is a crucial process that ensures that your assets will be distributed according to your wishes after you pass away. You can also make decisions about how your assets should be used during your lifetime through legacy planning and charitable giving. However, when you own complex investments, creating a comprehensive estate plan can be particularly challenging. […]

Posted in Estate Planning

What Are the Benefits of Establishing a Private Foundation?

Posted on March 8, 2024

Charitable giving is a goal of many people and families, especially those who have a high net worth. While there are many options available, establishing a private foundation can offer a unique opportunity for a person or family to create a lasting philanthropic legacy while enjoying significant financial, tax, and legal benefits. When integrated into an estate plan, a private foundation can also serve as a strategic tool for managing wealth and promoting important causes. An attorney with experience in complex estate planning matters can provide guidance on the best […]

Posted in Estate Planning

What Non-Traditional Families Need to Know About Estate Planning in Illinois

Posted on February 27, 2024

Estate planning is crucial for anyone who is looking to secure their family’s financial future and ensure that their plans and desires will be honored. For non-traditional families, including LGBTQ+ couples and blended families, estate planning can present unique challenges and considerations. Understanding these nuances and taking proactive steps to address potential legal and financial concerns can help safeguard a family’s future. An experienced attorney can provide invaluable guidance in these matters to ensure that all of a family’s concerns will be addressed correctly. Estate Planning Essentials for Non-Traditional Families […]

Posted in Estate Planning

Do I Need to Address Cryptocurrency in My Estate Plan?

Posted on February 20, 2024

In recent years, cryptocurrency has become increasingly popular. Virtual currencies such as Bitcoin or Ethereum may be bought, sold, transferred, exchanged, or received as income. They can be used to conduct secure, private transactions, and many people have been able to realize large profits through trading, mining, and other activities. However, many people may be unsure about how to handle cryptocurrency and other digital assets in their estate plans. If you own cryptocurrency, an experienced attorney can help you include provisions in your estate plan to ensure that your loved […]

Posted in Estate Planning

What Are the Tax Benefits of Charitable Trusts?

Posted on February 13, 2024

A charitable trust is a legal arrangement in which assets are transferred to the control of a trustee, and the income generated from those assets is then distributed to one or more charitable organizations. Charitable trusts offer several tax benefits for people and families who wish to support their favorite charitable causes, and they can also provide other financial advantages. An attorney who provides estate planning services for high-net-worth families can help determine the best charitable giving strategies while addressing other related legal and financial issues. Some benefits that charitable […]

Posted in Estate Planning

Practice Areas





Please note: These blogs have been created over a period of time and laws and information can change. For the most current information on a topic you are interested in please seek proper legal counsel.

Blog Sign Up


Like what you see?

Follow us to stay current!

Facebook LinkedIn Twitter Youtube



Fields marked with a * are required
The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

Providing You With

Peace of Mind
Facebook LinkedIn Twitter Youtube BBB
From our offices in Naperville, Illinois, we handle matters throughout Illinois including DuPage, Cook, Will, and Kane counties and within towns such as Addison, Aurora, Barrington, Batavia, Burr Ridge, Carol Stream, Chicago, Darien, Downers Grove, Elgin, Elk Grove Village, Elmhurst, Geneva, Hinsdale, Hoffman Estates, Lisle, Lombard, Naperville, Oak Brook, Roselle, Schaumburg, St. Charles, Warrenville, Wheaton, and Winfield.
association and logos
© 2024 Gierach Law Firm | 
1776 Legacy Circle, Suite 104, Naperville, IL 60563 | 
Back to Top