Life Plan Resource

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...

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...

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....

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 forward to those days coming soon. The last thing you...

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...

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. The goal is for your agent to make decisions in...

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...

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...

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 practice in many married households to split household responsibilities. Usually...

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 since automatic billing is doing that task for you. When...