Arrange A No Pressure
Free Consultation 708.390.8936
Experienced. Trusted. Responsive.

June 2019 Archives

Creating an estate plan during the summer

For many families, the summer months offer a break from school, and even work responsibilities. From spending more time with children to planning vacations, there are a number of reasons why the summer can be an excellent time of year. Moreover, summer can be a great time to set up an estate plan, since some people have more free time during this season. Parents may be free from some of the responsibilities that consume their time during the school year, and they may have more time to focus on setting up a will or a trust. However, there are multiple issues to consider with respect to the creation of an estate plan during the summer.

How can you reduce estate taxes for loved ones?

As a resident of Illinois who is trying to decide how to handle matters of your future passing and how it will impact your loved ones, you will surely have a lot to decide. We at Zapolis & Associates, P.C., are here to help you during this decision-making process. Today, we will take a look at some of the things you can do to reduce the estate taxes your loved ones may have to pay.

What are the differences in an irrevocable and revocable trust?

Illinois families who are trying to settle their assets for after they die may want to learn more about a trust. Investopedia defines a living trust as the same thing as a revocable trust, but an irrevocable trust is also an option. Before you make choices with a lifetime of assets and wealth, it is important that you understand the difference.

Talking about a special needs trust with your family

If someone in your family has special needs, your entire family may be concerned about their well-being and worried about their future. We understand how worrisome these issues can be, but there are a number of ways that people can help ensure that loved ones with special needs are taken care of in the years ahead. For example, special needs trusts can be very beneficial in this regard, allowing your loved one with special needs to retain eligibility for government assistance while also receiving assets from your trust. However, it may be necessary to go over this option with your family members.

What is caregiver burnout?

As your loved one's guardian, you're most likely this person's primary caregiver. While this is an essential role to fill, many family caregivers find themselves overburdened with daily responsibilities, from help with grooming to meal preparation and virtually everything in between. This can lead to a condition known as caregiver burnout, which impacts your health and well-being when left unchecked. The Cleveland Clinic explains why burnout happens and what you can do to avoid it. 

How do I keep the family business in the family?

If you have started a successful business in Illinois, it is no surprise that you would want to keep it in the family. After all, the family business is your legacy. When managed correctly, it can continue to provide a steady source of income for the family, generation after generation.

Get Help Now

How Can We Help You?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

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

Phone: 708-390-8936
Phone: 708-478-5050
Fax: 708-478-5052
Mokena Law Office Map

Review Us