You should take a comprehensive approach to your financial endeavors. Of course, the first priority is to accumulate resources, but you should also take the appropriate steps to protect what you have earned. In this post, we will look at a few … [Read more...] about Asset Protection: Secure Your Resources
What Is the 2022 Illinois Estate Tax Exclusion?
There are 12 states in the union have state level estate taxes, and there is an estate tax that is specific to Washington, D.C. As luck would have it, Illinois is one of these 12 states. In this post, we will provide an overview of the state level … [Read more...] about What Is the 2022 Illinois Estate Tax Exclusion?
Understanding Tax Apportionment Clauses
Many individuals mistakenly believe that they need a large estate before concerning themselves with taxes at their death. While the Federal government does not impose taxes until an estate exceeds the Applicable Exclusion Amount, it’s important to … [Read more...] about Understanding Tax Apportionment Clauses
Should I Buy Long-Term Care Insurance?
The most significant elder law issue is the matter of long-term care and the Medicare gap. Nearly three-fourths of senior citizens will need help with their activities of daily living at some point. Over half of them will need professional … [Read more...] about Should I Buy Long-Term Care Insurance?
Is Probate Always Necessary?
You are here because you are interested in learning more about estate planning, and one of the first places to start is probate. This is a legal process that can enter the picture when assets are changing hands after someone passes away. It is not … [Read more...] about Is Probate Always Necessary?
Prince Estate Case Has Finally Been Put to Rest
The great musical artist Prince passed away in 2016, and he was a very wealthy man. In addition to the assets that he had in his possession, his music and likeness rights will continue to generate revenue for years to come. You would think that … [Read more...] about Prince Estate Case Has Finally Been Put to Rest