Thirty years ago, when a loved one passed away, you could typically find one box that contained all their financial, legal and personal information. This made estate management easier to handle, but things are much different today. Now, we...
Last time we spoke about Estate Planning, Wills and Powers of Attorney, the WGN phones lit up and Bill Moller couldn’t get to but a fraction of the calls. Listen in to questions from Part Two with Bill Moller...
Effective July 1, 2011, Illinois enacted a new power of attorney law that better outlines the rights and responsibilities of those acting as your agent and the responsibilities you transfer to someone to act on your behalf. Powers of...
I was honored to meet Bill Moller as I talked with him about Estate Planning over the 4th of July weekend. (Click here to listen to our interview!) Speaking on the radio can be intimidating, especially when the studio...
Many people are being lulled into complacency thinking they don’t have to update or do estate planning because exemptions are so high that there is ‘no’ tax issue. This may not be quite true for two major reasons. One:...
Sometimes, our parents stand in the way of helping themselves. We ask about their estate plans, health care concerns, continuing care issues and the response is almost universally the same. They say they are not losing control, they don’t...
Last year was certainly a challenging one from the standpoint of planning for taxes. Because of this many feel that they should wait to take action and that could have a very negative impact on their planning. Since Congress...
Congress finally has acted to extend certain tax breaks to all Americans allowing them a breather in an already tough economy. While we can all be thankful for not getting an unexpected tax increase, we should all remember that...
Over the past several years as we have been maturing in the estate and exit planning practice, we are noticing a definite trend in our clients. When clients first come to us, it is an exercise in the documents...
The big news this year is Roth Conversions. For 2010, there are no income limitations for a person to convert their regular IRA to a Roth. The question is, ‘Should you do it?’ That demands a typical lawyer’s answer…..It...