Common Mistakes Associated with Estate Planning

Estate planning is not easy, but that does not mean you should avoid doing it. Unfortunately, a lot of families fail to make these plans, which is why many Americans have no preparations for what happens to their property after they are gone. In fact, according to one survey, half of Americans do not have […]

What is the Function of a Trust, and What Types of Trusts Exist in Illinois?

When you and your spouse decide to begin planning your estate and determining property or assets to pass on to your children, there are a few options available to you. One of these options is a trust, which can shield said assets from taxation and probate. They also enable you to protect your family and […]

Setting up Trusts for Beneficiaries with Addictions

A recent article in the Star-Ledger discussed the dilemma a parent was having in creating an estate plan because one of the beneficiaries had a substance abuse problem. The parent did not want to leave the assets with ‘no strings attached’, concerned that this would only enable the heir to use the funds irresponsibly, including […]