estate planning for families

estate planning for families

A father reading his daughter a children's book.

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 …

Two elderly people gardening

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 …

Older man hugging his son and smiling

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 …

An older couple looking over some papers

Estate Planning for Retirement

Estate Planning Must-Haves as You Enter Retirement
Retirement is an exciting time. After many years of hard work, the days of reading, traveling, and relaxing without the ping of your email is upon you. Now, all that’s left to do is guarantee that retired life will live up to its potential, …

Estate Planning for Your Parents

If your parents’ financial affairs aren’t in order, here’s what you need to do to get them on track
There’s only one thing more uncomfortable than having a sit-down conversation with your parents about their financial matters, and that’s discussing how their financial matters will be handled when they pass away. …