What Do Your Kids Want to Inherit?
While it might seem too soon to think about this uncomfortable topic, it’s still something that needs to be carefully planned to make everyone’s life a little easier as they handle the grief of losing a loved one.
Don’t Miss Out on Estate Planning Opportunities
People often overlook critical steps when they are doing their estate planning.
What Is the Purpose of a Guardian?
Few will argue that the most important time to have a will is when you are parents of young children.
What Happens when You Inherit a Retirement Account?
There’s almost always a reckoning when the government proffers a tax break. So it is with individual retirement accounts (IRA)s, 401(k)s, and similar accounts that investors fund with pre-tax earnings.
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.
How Do You Provide Financial Help for a Special Needs Child and Retirement Too?
People with children who cannot support themselves need to think well past their own lifetime and figure out how to provide for children after they are gone.
What If Your Spouse Refuses Estate Planning?
I’m looking for guidance on where to start with planning, in case something happens to me or my husband.
What are Mistakes to Avoid with Beneficiary Designations?
Here are five critical mistakes to avoid when dealing with your beneficiary designations.
Who Should Be Your Executor?
An executor is the person whom you name to handle the settlement of your estate after you die, taking your estate through probate, a court-supervised process that winds up your affairs in the state where you were living at the time of your death.
Is a Trust a Good Idea?
What will happen to your assets when you can no longer manage them?
