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

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

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

In keeping with uniform trust law, Illinois has joined 34 other states in adopting its own version of the Uniform Trust Code known as...

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

On December 20, 2019, President Trump signed the Setting Every Community Up for Retirement Enhancement Act (SECURE Act), effective January 1, 2020. This law...

WHAT YOU SHOULD KNOW ABOUT MEDICAID PLANNING

You’re active and in relatively good health. You’re finally enjoying the things you now have time to do as a retiree – or looking...

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...

The Conversations You Must Have Now About Your Health Care Decisions

Selecting a trust-worthy agent who will ultimately be the decision-making authority for your medical care if something happens to you is an important decision....

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...

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

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...

Do You Know What the “Other Hand” is Doing in Handling...

You handle a large share of paying the bills and managing the bank accounts. Your spouse handles anything insurance or investment related. It’s a common...

Here’s Why You Should Keep Track of Your Subscription-Based Services.

It’s easy to overlook the need to keep track of monthly services or subscriptions. Especially when you don’t have to consciously make a payment...

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

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,...

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...

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...

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...

Can a Trustee Be Held Personally Liable?

If you are ever appointed a trustee, you will have a fiduciary duty to act on behalf of the beneficiaries. If you breach that duty,...

Who Has Access to Estate Assets Right After Someone Dies?

Immediately after a loved one dies, the nearest family members — or sometimes close friends if no relatives are nearby — wonder what to do...

Saving for Your Child’s Education With a Section 529 Plan

Q. It's time for us to begin saving for our child's education. We've heard a great deal about Section 529 plans. What are the advantages? A....

What You Should Know About Special Needs Trusts

Bequeathing assets to a loved one with special needs is a benevolent gesture, but in some cases, it can cause problems that were never intended. An...

Getting Your Records Organized is More Important Than You Think

Keeping track of important papers is critical to maintaining an accurate picture of your finances and ensuring that your heirs are cared for in the...

How to Protect Assets When Your Spouse Receives Medicaid

Many couples, in their golden years, find themselves wondering: What if one or both of them is admitted into a nursing home and needs Medicaid?...