estate planning

Why would I consider a spendthrift trust?

Many people in Will County and Kankakee County want to leave their fortunes to their loved ones despite their faults. Realistically, though, they may be worried that a loved one may receive an inheritance only to have it taken by their creditors. In other cases, the...

Understanding the Illinois estate tax

The federal estate tax is widely misunderstood. That goes double for the Illinois estate tax. In this post, we will give a brief introduction to both taxes. First, let's define our terms. After a person's death, all their assets and debts become known as their estate....

What to consider when choosing an executor

An executor plays an important role in administering the estate planner’s estate. For that reason, an executor should be thoughtfully chosen and estate planners should know what to consider when selecting an executor. Responsibility An executor does not need to be a...

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