estate planning

The importance of a power of attorney

When we think of estate planning, it is usually with the idea of leaving our worldly goods to loved ones after we are gone. For this reason, most people in Illinois or elsewhere who are in the process of getting their estate in order will create a will or trust to...

The dos and don’ts of estate planning  

In this age of technology, there are a few different ways that you can create a last will and testament so that your assets are handed down to the people you want to receive them. That includes your property, guardianship, and debts. Without a will, you will not have...

When should people update their wills?

Plans can change throughout people’s lives as circumstances change. When people are forced to change different aspects of their lives, it can affect more than just the specific part of their life where the change in circumstances occurred. People need to take time to...

Are retirement accounts probated?

If you're trying to get your financial affairs in order, it's important to know which accounts can be probated. Your retirement accounts can go into probate after you pass away. However, if you choose the right beneficiaries during the estate planning process, you can...

Estate planning for young adults

Many younger people think that estate planning is only for the very wealthy or the very old, and so they put it off. Many of these people continue to put it off for years simply because they don't want to think about all that estate planning implies. This kind of...

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