Could Your Estate Plan Be a Disaster?

Could Your Estate Plan Be a Disaster

We’re all looking to save taxes, court costs, legal fees and ‘make it simple’ for our heirs. A last will and testament is the cornerstone of all estate planning, maybe with a trust.

Why Is It Important to have an Estate Plan?

Why Is It Important to have an Estate Plan

The new Federal Estate tax limit (above which Federal estate taxes will be payable) is $11,200,000.00 per person. Yes, most of us will not hit that limit, but 19 of the 50 states, Illinois included, impose an estate tax of their own ranging from .25% to almost 20% of your estate.

Why Is a Will So Important?

Why Is a Will So Important

The thought of preparing your own will might feel a little daunting, bringing an onslaught of emotions like fear or sadness.

Why You Need an Estate Plan

Why You Need an Estate Plan

Do you know what will happen to your property, belongings, and debt when you die? What about your children? If you haven’t created an estate plan, now’s the time to start. Here’s how.

Who Is the Best Person for Executor?

Who Is the Best Person for Executor

What do these appointments mean to the person(s) named to act? What happens if they fail or decline to act? Can the planning appoint alternative representatives?