It can be hard to get motivated about your estate planning. For some people it sounds about as fun as getting a root canal. However, you also probably want to make sure that your loved ones are protected and...
Many people think of probate (the process of collecting, managing, and distributing a deceased person’s money and property) as a private process. However, because wills are filed at the courthouse, probated estates become a matter of public record. That...
Each year at this time, I reflect on the past 12 months and review our progress. The past couple of years have presented many opportunities to innovate and grow. By embracing technology, we have been able to provide more...
As this year comes to a close… As this year comes to a close, many families are getting creative with ways to stay safe while visiting those they love. Whether that’s creating a special outdoor space with blankets and...
Don’t let financial speculation prevent you from making tax-free gifts to or for the benefit of your loved ones. The three main types of tax-free gifts are annual exclusion gifts, medical exclusions, and education exclusions. 1. Make Annual Exclusion...
Tradition. Heritage. Legacy. Tradition. Heritage. Legacy. For me, these words conjure up feelings of pride and bring back cherished memories of holidays spent at my Nene’s house. It was a full house between myself, my brother, my parents, and...
Why would your estate plan need an update? Well, your estate plan is like a snapshot of you, your family, your financial situation, and the tax laws as they existed at the time it was prepared. All of those...
The past year-and-a-half has been challenging to say the least, but it has also taught us a new way of getting work done. People are questioning how they do business and are searching for new methods to get things accomplished. With...
By now you’ve heard that Congress has acted — even if at the eleventh hour — and they made the estate tax ‘changes’ permanent. We can bet that permanence has some impact, but if later Congresses want or need to change...
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...
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