estate planning for families

estate planning for families

Couple estate planning and looking at computer

How to Avoid Family Inheritance Disputes

How to plan your estate and keep the family peace
Family inheritance disputes can be a sad reality, and something many people hope to prevent with a well-thought-out estate plan. Some factors, like changes in family dynamics, are unpredictable. Others, like the financial burdens one child might take on when …

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Estate Planning for Single Parents

What single parents need to know about estate plans to protect and provide for their families
No parent wants to think about not being there to raise their children, but preparing for the worst is the purpose of estate planning. Single parents especially need to have their finances in order, and …

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How the GOP Tax Plan Affects Illinois Estates

Proposed federal legislation will significantly raise the estate tax exemption. Here’s what that means for Illinois residents.
The newly passed Republican tax bill includes provisions that raise the federal estate tax exemption limit. These changes will affect Illinois residents differently due to the state-level estate tax currently in place.
How New …

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Can a Guardian and a Trustee be the Same Person?

The mechanics of guardian and trustee are similar, but their functions are distinct. Make sure you understand the difference.
Estate planning can be confusing for parents, especially trying to decipher nuanced legal designations like guardian and trustee. Since both guardians and trustees assume some responsibility in caring for your children, it …