Monday, October 19, 2020
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Estate Planning

Could Your Beneficiaries Make the Cut? The SECURE Act’s Eligible Designated Beneficiary

Ushering in the new 10 Year Rule, the SECURE Act has changed the way inherited retirement accounts are now distributed. That is, to everyone but a select group. The Act has created a new...

The New Legal Rights of Your Beneficiaries: Should These Be Drafted Out of Your...

In keeping with uniform trust law, Illinois has joined 34 other states in adopting its own version of the Uniform Trust Code known as the Illinois Trust Code (ITC), effective January 1, 2020. Provisions in...

Your Quick Guide: What to Do About the SECURE Act and Your Estate Plan

On December 20, 2019, President Trump signed the Setting Every Community Up for Retirement Enhancement Act (SECURE Act), effective January 1, 2020. This law is the most impactful legislation affecting retirement accounts in decades....

Don’t Send Your Student to College Without These 3 Things

Accidental injury is the leading cause of death for adults between ages 18 to 24 with over a quarter million being hospitalized yearly for non-lethal injuries. Not a statistic that parents – who are...
estate planning basics

Understand the Basics of Estate Planning

For many people, mapping out an estate plan is something they intend to think about later. But too often, later never comes. The reasons for not dealing with estate planning now may include not wanting to confront your...

How Will You Handle Your Digital Estate? (And, yes, you do have one.)

Some assets don’t necessarily fit into our traditional approach to estate planning. We know how to account for bank accounts and real property. But hundreds of dollars’ worth of frequent flyer miles or credit...

Ask the Attorney: Can I store my estate planning documents in a safe deposit...

I would feel better about placing my original estate planning documents in a safe deposit box. Will this be a problem? If you’re the sole, living name on this box, it’s not a good idea....

How to Avoid the “Planning to Fail” in Your Estate Plan

You may be familiar with the saying, “Failing to plan is planning to fail.” It’s a significant reason why people set up an estate plan – to be prepared for the unexpected. And, of...
living trust mistakes

Avoid these 8 Common Mistakes in Your Revocable Living Trust

A revocable living trust has long been an important part of estate planning. Done correctly, a living trust can help protect your heirs from creditors and probate and supply them with any funding you'd like them...
beneficiary designation

Have You Updated Your Beneficiary Designations?

Regardless of your income or net worth, there's one estate planning move you should probably make right now: Check the beneficiary designations for your life insurance policies, bank accounts, brokerage firm accounts, retirement accounts, and...

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