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December 2018 Archives

When should I start estate planning?

A reliable estate plan is a must to ensure your assets and your family remain protected after you're gone. However, many people wonder when exactly to start estate planning, especially as they grow older and don't have wills and trusts in place. In this case, U.S. News & World Report offers the following advice.

What is some misinformation surrounding trusts?

While trusts are a valuable tool for estate planners in Illinois, they are often misunderstood. Proper knowledge is crucial in this case, as mistakes while creating a trust can lead to issues down the line, which your family will bear the brunt of. The Balance offers the following advice to ensure your estate plan is valid.

What happens during a probate hearing?

When a person dies without a will or there are questions regarding its validity, the person's estate will move to probate. This process has many different components, from proving that a will is indeed valid to settling any remaining debt. The Balance offers the following information on what families can expect during a probate hearing.

Why the Special Needs Trust Fairness Act is so important

Disabilities affect people in any number of ways, and someone who needs extensive physical care may still be well-suited to take care of financial matters. Such matters can be tricky when dealing with a disability, as many of the programs that offer assistance are only available to those who fall below a certain income threshold.

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