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 […]

How to Write a Last Will and Testament in Illinois

When an older man or woman passes away, usually he or she has a last will and testament, usually or just a “will.” All people above the age of 18, though, should have a will that can be updated when necessary. It is important for everyone to know how to write a will and what […]

How To Avoid A Gift Tax

According to CNN Money Magazine, “estate planning isn’t just about how you want your assets distributed after you die.” Figuring out what to do with your estate is just that—and while the word “estate” may bring to mind brick mansions and vacation homes, the truth is that most people, of any socioeconomic class, have an […]