Wondering Whether You Need to Update Your Estate Plan? You Do. Here Is Why.

KEY TAKEAWAYS An estate plan that worked years ago may not work for your life today. Family changes can affect more of your estate plan than you might realize. New property and financial assets can create unexpected planning gaps. The people you once chose for...

Types of Life Insurance and How They Can Be Used in Estate Planning

KEY TAKEAWAYS Life insurance should evolve with your life. The lowest-cost option is not necessarily the right long-term choice. Different policies involve different levels of flexibility, risk, and responsibility. Life insurance can help protect assets you want to...

Estate Planning and Financial Advisors: Why the Partnership Matters

A financial plan can be flawless and still fail the moment a client dies, because a beneficiary designation nobody updated in ten years overrides every instruction written into their Trust. Clients are already asking advisors to close that gap. National research found...

Estate Planning for Business Owners in the Chicago Southwest Suburbs

Most business owners in the southwest suburbs have a plan for growing their company. Far fewer have a plan for what happens to it without them. That hole is not about being unprepared in general. It comes from treating personal planning and business planning as two...

What Happens to Your Estate If You Die Without a Will in Illinois?

In Illinois, everyone already has an estate plan, whether they wrote one or not. If you die without a Will, the state of Illinois has one waiting for you, and it was not written with your family in mind. That plan is called intestate succession, and it follows a fixed...