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Why you need a Will and a Living Trust?

It is commonly thought that all you need is a Will but that is not generally the case. A Will does not avoid Probate when you die. Probate is the legal process through which a Court (e.g. a Judge) oversees your assets are distributed according to your Will and that your debts are paid. Wills

Planning for Single People

Estate planning for single people is generally simple.   However, since you are not currently married you may need to give more thought to some things. First, you need to decide who will manage your assets and health care if you are unable. Second, you need to decide who will benefit from your assets after you

Planning for Domestic Partners

Estate planning for married people focuses on making it as easy as possible for the surviving partner. First, your partner will be named to manage your assets if you cannot.  Alternative designations will be named in the event your partner cannot manage your assets.  Such alternatives are generally your siblings, parents, close relatives, professional advisors,

What is Estate Planning?

What is estate planning, you ask? An Estate Plan refers to the establishment of instructions in the form of legal documents providing for the administration, management, and distribution of one’s property and assets in case of death or incapacity.  Failing to prepare a proper Estate Plan with our Illinois estate planning attorneys can result in

Planning for Married Couple

Estate planning for married people focuses on making it as easy as possible for the surviving spouse. First, your spouse will be named to manage your assets if you cannot.  Alternative designations will be named in the event your spouse cannot manage your assets.  Such alternatives are generally your siblings, parents, close relatives, professional advisors,