Taxation is naturally going to come to mind when you start to consider the estate planning process. In this post, we will provide an overview, and most of the news is surprisingly good. Income Taxes In most states, including Illinois, if you receive … [Read more...] about Will My Estate Be Taxed?
People often think of estate planning as the act of drawing up a will or a trust to state your final wishes with regard to asset transfers. This is definitely at the core of the process, but there are some finer details that should be addressed as … [Read more...] about Attend to These Finer Estate Plan Details
When you make a mistake, you learn from it, but you pay the price first. If you would have known about the outcome in advance, you could have avoided the costly error. With this in mind, we are going to look at some commonly made estate planning … [Read more...] about Inheritance Planning Errors Are All Too Common
A lot of people feel as though the estate planning process is a bit overwhelming. They avoid it because they do not know where to begin. There are various different ways to go about it, and the right strategy will depend upon the circumstances. This … [Read more...] about The Anatomy of a Basic Estate Plan