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February 2018 Archives

Discussing your estate plan with loved ones

When it comes to estate planning, there are a wide variety of decisions you may have to make. However, those which affect your loved ones can be especially tough. For example, you may be unsure of how to have the assets of your trust distributed among your children and grandchildren. Moreover, disagreements and other challenges can arise within a family as a result of an estate. For example, siblings may find themselves in a dispute as a result of the estate-related decisions their parents made. Sometimes, these difficulties simply cannot be avoided, but you may be able to address any possible areas of concern by talking with your loved ones.

How can I create a reliable power of attorney?

As a part of the estate planning process, many people are concerned about selecting a power of attorney. Making the best choice is crucial in this case, as this person will be responsible for making essential decisions about your finances and health when you're no longer able to do so. The Financial Industry Regulatory Authority recommends the following tips in this case, which can help you find the best candidate in Illinois to assist you when the time comes.

What are the benefits of making a living trust?

For residents living in Illinois, the primary advantage to creating a living trust, or inter vivos trust, is that you can likely avoid probate. This means you may save your loved ones the time and often costly legal fees that can be associated with the court process that a will would go through.

Considering trusts, guardianships and peace of mind

Growing older can bring a richness to life that may have been unattainable while working grueling hours to pay off the mortgage and supply college funds. It is the dream of many Illinois residents to retire in luxury, yet one downside to this stage of life is the sudden burden of planning ahead. While arranging documents and completing estate plans are certainly no walk on the beach, preparing ahead to avoid less appealing situations can help pave the way toward future well-being and happiness.

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Zapolis & Associates, P.C.
9991 191st Street
Mokena, IL 60448

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