This Week Trends
Suppose you own real estate properties for investment purposes. Further assume that you would like to achieve the following:
1. You no longer want to manage the real estate properties.
2. You want your heirs to avoid probate after you die.
3. You want to...
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 card points? Not so much.
Whether...
Pets are often considered family members, yet many owners don't plan for their future in the event of death or incapacitation. What happens to these well-loved and orphaned animals if there's no one to care for them? Some will...
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Hot Stuff Coming
Keys to Assessing Your Home’s Real Market Value
If you ask people what their homes are worth, chances are they'll tell you it's difficult to put a price on them. That's because...
Six Common Myths About Trusts
Most of us know that a trust is a useful way to safeguard financial assets for your benefit or for someone else. But the common...
Protect Estate Assets from Creditors with a DAPT Trust
When developing an estate plan, you may want to consider setting up trusts for various reasons, including protecting your assets from potential creditors.
One way to...
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...
LATEST ARTICLES
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...