What Is a Pour-Over Will, and Why Do You Need One With Your Trust?

What Is a Pour-Over Will, and Why Do You Need One With Your Trust?

Most people with a Living Trust assume the Trust does all the work. Set it up, fund it, and everything flows the way you intended. Then life happens. A new bank account opened last year, or a settlement check landed after everything else was in place. Maybe you...

Estate Planning After Divorce in Illinois: What You Need to Update Immediately

Most people with a Living Trust assume the Trust does all the work. Set it up, fund it, and everything flows the way you intended. Then life happens. A new bank account opened last year, or a settlement check landed after everything else was in place. Maybe you...

The Mid-Year Estate Planning Checklist for Illinois Families

Your Estate Plan was accurate the day you signed it. The question is whether it still reflects your life six months, two years, or one major financial decision later. Most families don’t find out their plan has missing pieces until they need it to work. Why...

Frequently Asked Questions: Estate Planning When You Own Real Estate

Question 1: If the property is currently in my spouse’s name, can I legally force my spouse to add my name to the deed? Generally speaking, you cannot legally force your spouse to add your name to a deed unless there is an enforceable legal agreement, such as a...

Frequently Asked Questions: Estate Planning After a Serious Health Diagnosis

A difficult health diagnosis can be emotionally and logistically overwhelming. While your health should remain your top priority, taking time to ensure that your legal and financial affairs are organized can reduce stress, prevent avoidable complications, and give...

Assisting Your Clients with Estate Planning: When Is an Estate Subject to State Death Taxes?

Educational Overview for Advisors: State Death Taxes The United States imposes a federal estate tax at death, which is based on the total value of the deceased person’s estate—everything a person owns at the time of death—and is paid from the estate itself. In...