Naperville Estate Planning Attorney Discusses the Passing of a Music Legend

She was larger than life on stage and on the silver screen, but Aretha Franklin was known for being intensely private in regard to personal matters. Unfortunately, when the Queen of Soul passed away from pancreatic cancer earlier this month, she apparently did so without any type of will or trust in place to protect […]

Naperville Estate Planning Lawyer Discusses Frequent Flyer Miles

When most people sit down to create an estate plan, they think about their obvious assets, including real estate holdings, automobiles, and cash savings. They will also usually consider more tangible things like furniture, jewelry, and artwork. More savvy individuals may remember to address digital assets like Amazon Kindle libraries, Steam accounts, and iTunes downloads. […]

Naperville Estate Planning Lawyer Discusses How to Avoid Inheritance Disputes

Last month, the patriarch of one of music’s royal families passed away at age 89. Joe Jackson was the father of Michael, Janet, and the Jackson 5, but most sources avoid indicating that he was a loving, nurturing parent. Joe’s death is not likely to create as much controversy as Michael’s did in 2009. When […]

Naperville Estate Planning Lawyer on How a Divorce Can Affect Your Will

As an estate planning attorney, I encourage everyone to create and maintain an estate plan. It is important to do to protect yourself and your family in the event of something unexpected happening. The size of your estate and the types of things that it includes will dictate the tools that are necessary for your […]

Naperville Estate Planning Lawyer Discusses Dispute Over an Iconic Automobile and Royalties

For most people, creating an estate plan involves deciding what will be done with their assets after their death. The transfer of assets is often completed relatively quickly, and the estate is effectively closed forever. As an estate planning attorney, I realize that some estates are more complicated than others and may include longer-term considerations. […]

Consider Using a Pour-Over Will in Conjunction with Your Trust

As an estate planning lawyer, I believe that everyone can benefit from having an estate plan. Although many assume estate plans are only necessary for the elderly or ultra-rich, the reality is that every adult should have some sort of estate planning document(s) in place. A will or trust allows a person to have a […]

Estate Planning Fatigue is a Significant Hindrance to Many Americans

Although it can be a difficult topic to discuss, having a comprehensive estate plan is extremely important – regardless of wealth or status. If a person passes away without some sort of estate planning documents in place, he or she loses control over who acquires his or her assets and property. If the individual who […]

Naperville Estate Planning Lawyer on How to Minimize Potential Inheritance Arguments

Experts estimate that an astounding $30 trillion will be inherited in the next 30 years. While the majority of these transactions will take place without any issues, some of this money will inevitably be argued over. When estate plans are not clear or heirs feel that their inheritance is unfair, a lengthy legal battle can […]

Naperville Estate Planning Lawyer Encourages Caution Regarding Incentive Trusts

As you approach the often-difficult topic of estate planning, it understandable that you want what is best for your heirs—especially if they are your children or grandchildren. We would like to believe that our descendants will be responsible and mature enough to handle a sizeable inheritance, but deep down, we know that this is not […]

Naperville Lawyer on Talking to Your Parents About Estate Planning

Everyone can benefit from having a comprehensive estate plan in place. In addition to giving a person and their family the peace of mind that his or her final wishes will be fulfilled, estate planning offers the opportunity for that person to examine their financial needs and assets in order to plan for the future. […]