Estate Planning

3 Important Estate Planning Issues Every Unmarried Couple Should Consider

Posted on May 13, 2020

unmarried, Naperville estate planning attorney

More and more couples are choosing to share their lives together without being legally married. There are many different reasons that a couple may decide not to get married. Some may feel like marriage is an outdated concept while others cite divorce fears as the reason for not tying the knot. Other couples simply do not believe that they need a marriage certificate to validate their relationship. Whatever your reason, if you are in a committed but unmarried relationship, there are several estate planning concerns you should be aware of. […]

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Life Changes That May Require an Estate Plan Update

Posted on April 29, 2020

estate planning, life changes, Naperville estate planning attorney

If you have already developed an estate plan, congratulations! You are in the minority, but you have taken the steps toward providing security for your loved ones. However, it is also important to understand that there are certain situations or life changes that may require you to update or make amendments to your estate plan. As a Naperville estate planning attorney, I can help you know how to recognize the need for such updates and will work with you in utilizing new tools and developing terms to meet your evolving needs. […]

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Naperville Estate Planning Lawyer on How Filing for Bankruptcy Can Affect Estate Plans

Posted on April 15, 2020

bankruptcy, Naperville estate planning attorney

When debts become overwhelming, a person may have no other choice but to file for bankruptcy. Through bankruptcy, an individual may find relief from crushing debts and enjoy a fresh start. However, bankruptcy may also have an effect on estate plans. If you are struggling financially and are considering filing for bankruptcy protection, you might also be wondering what will happen if you were to die while you are in bankruptcy. You may wonder, “What happens if a person passes away while he or she is in bankruptcy?” As an […]

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Naperville Estate Planning Attorney Discusses Protecting Your Digital Assets

Posted on March 25, 2020

digital assets, Naperville estate planning attorney

When you are looking toward the future and beginning the process of developing a comprehensive estate plan, it is easy to look at account statements, insurance policies, and other documents that list physical assets to determine what property will need to be considered in your will, trusts, or other planning instruments. In today’s increasingly digital world, though, you probably have a number of other assets—whether you choose to think of them that way or not—that are only accessible through electronic means. This may include downloaded songs or apps on iTunes, […]

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Naperville Estate Planning Attorney Discusses the Basics of Intestacy Laws in Illinois

Posted on March 4, 2020

intestacy, Naperville estate planning lawyers

Do you have a plan for the allocation of your property and assets in the event of your death? Obviously, such concerns can be difficult to address, as many people, including a large number of my clients, have trouble with the concept of death and estate planning. It is extremely important, however, to formalize arrangements for your estate well in advance, because as uncertain as the future may be, leaving your estate in the hands of the state without a will or other direction, can be even more unpredictable. Personal […]

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Naperville Estate Planning Attorney on Discussing Your Estate Plans with Your Adult Children

Posted on February 17, 2020

adult children, Naperville estate planning attorney

As an estate planning lawyer with over 40 years of experience, I am still surprised by the number of people who do not have a last will and testament or any other type of estate plans. Estate planning allows you to make your own decisions about how your hard-earned wealth and important family heirlooms are distributed to heirs instead leaving those decisions to the state. Even more importantly, dying without at least some type of estate planning instrument in place—called dying “intestate”—can put a serious burden on surviving loved ones. […]

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Naperville Estate Planning Lawyer on Medical Treatments Addressed by Living Wills

Posted on February 5, 2020

living will, Naperville estate planning attorneys

The types of medical care people choose to undergo can vary dramatically. Some people diligently get their flu shots every year while others have never even considered getting a flu vaccine. Some rush to the urgent care clinic the minute their temperature reads higher than 98.6 degrees, and others avoid going to the doctor as much as possible. Whatever your decisions regarding medical care may be, these are deeply personal decisions that are yours alone to make. However, if something happens and you are incapacitated due to an accident or […]

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Naperville Estate Planning Lawyer on Preventing Future Inheritance Disputes

Posted on January 24, 2020

disputes, Naperville estate planning attorneys

In my years as an estate planning attorney, I have seen many families suffer through conflicts caused by arguments over inheritance concerns. Not only can a will contest or other estate planning dispute cause contention between loved ones but these conflicts can also be very time consuming and incur considerable expense. While there may be no way to completely prevent arguments over inheritance or other estate planning matters, there are certain steps you can take that will greatly reduce the chances of an estate planning dispute in the future. Do […]

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Naperville Estate Planning Attorney on How a No-Contest Clause Could Prevent Your Will From Being Challenged

Posted on January 15, 2020

no-contest, Naperville estate planning attorneys

When an individual dies with a will or trust in place, the decedent’s surviving loved ones have an opportunity to contest, or challenge, the estate planning document. A will or trust should only be contested if the surviving loved ones have a reason to believe that the will was not valid. For example, if they believe that the will was written under force or duress or they have reason to think the will is fraudulent, these are grounds for contesting the will. However, sometimes people contest a will simply because […]

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Naperville Estate Planning Lawyer Discusses Special Estate Planning Concerns Unmarried Couples Should Keep in Mind

Posted on December 11, 2019

unmarried, Naperville estate planning attorney

For a variety of reasons, more and more adults are choosing not to get married. Approximately 18 million unmarried Americans were cohabitating in 2016 and that number is expected to continue to rise. If you and your partner are unmarried, you may wonder how this will affect your estate plans. Because the law does not recognize cohabitation the way it does marriage, it is crucial for unmarried couples to create an estate plan that dictates their wishes regarding property, healthcare decisions, and other concerns. There are special estate planning challenges […]

Posted in Estate Planning

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