It’s Never Too Late To Start Estate Planning

It is never too early to create an Estate Plan. However, putting it off too long can lead to catastrophe should you pass away without clearly detailing your wishes. Dying or even becoming incapacitated without a Will or Estate Plan denies countless o… Read More
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Two-Thirds of Americans Do Not Have an Estate Plan

A recently released survey* revealed only one in three (34%) American adults has an estate plan. Of those who do have an estate plan, 20% have not updated their plan in the last five years. 72% of women are without an estate plan compared to 59% of m… Read More
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Increased Gift and Estate Tax Exemption Amounts for 2024

The US Internal Revenue Service has announced that the annual gift tax exclusion is increasing in 2024 due to inflation. The exclusion will be $18,000 per recipient for 2024—the highest exclusion amount ever. The annual amount that one may give to… Read More
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The Benefits of a Trust vs. a Will

While a Last Will and Testament will direct your executor how to distribute your property, your executor will be required to go to probate court to collect and distribute your property, opening up your estate to the public eye and making it easier fo… Read More
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Consider A Trust for Your Estate Plan

Estate planning can be a challenge for Illinois residents. People want to share their assets without burdening their loved ones with heavy estate taxes, or the time and expense of going through the probate process. Establishing a trust may offer bene… Read More
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A Common Misconception: Will vs Trust

The Two Components Two components included in basic estate plans include a Last Will and Testament and a Trust. These can be used in combination with each other but can also be used separately. Our firm believes that a well-executed estate plan inclu… Read More
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Importance of Powers of Attorney

Being proactive in life is a good thing — especially if you’ve taken the time to prepare a Will or Trust to reflect how you want personal and financial matters handled after death. Planning for who makes financial and medical decisions for you if… Read More
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The U.S. May Already Be in a Recession: Will the Housing Market Collapse Again?

The economy is shrinking. Inflation is soaring, and the stock market is losing value. Searches for “Is the U.S. officially in a recession?” are now trending on Google. If the nation isn’t already in a recession, it might well be on the precipic… Read More
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Will home prices fall?

The top question on the minds of homebuyers and sellers alike is whether home prices are going to fall—and if so, by how much. Many real estate experts anticipate the rate of price growth will slow down as the year goes on. Others predict prices wi… Read More
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Mistakes to Avoid in Estate Planning

Failing to plan, failing to update the estate plan, failing to coordinate beneficiaries, forgetting to plan for disability and long-term care are the most common mistakes to avoid in estate planning. Failing to involve a legal, tax, or financial prof… Read More
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