Updates, News and Reminders

Blog Categories

Blog Categories

How Much Does a Living Trust Cost in Chicago?

March 22, 2024      by: tlaw

If you’re seeking a smooth and efficient transfer of your assets upon your passing, a living trust can be a strategic option to consider as part of your estate plan. But before you commit to drafting this legal document, you may wonder about the cost of the whole process. This blog dives into the costs … Continue reading How Much Does a Living Trust Cost in Chicago?

Secure Your Legacy: An Essential Guide to Creating an Illinois Living Trust

March 15, 2024      by: tlaw

Estate planning is a time-consuming endeavor that can often feel like navigating a labyrinth of legal jargon and complex procedures. However, understanding the ins and outs of estate planning is crucial in ensuring that your wishes for your assets are carried out precisely. A living trust can be a valuable tool for your Illinois estate … Continue reading Secure Your Legacy: An Essential Guide to Creating an Illinois Living Trust

Illinois Estate Planning: The Basics You Need to Know

February 23, 2024      by: tlaw

Estate planning allows you to make informed decisions about your assets, beneficiaries, and end-of-life care, providing peace of mind for you and your loved ones after you pass. However, the process can be daunting, from crafting living wills and irrevocable trusts to understanding probate and estate tax. This comprehensive guide can be your starting point, … Continue reading Illinois Estate Planning: The Basics You Need to Know

Protecting Your Assets: What Are the 5 Components of Estate Planning?

February 9, 2024      by: tlaw

Securing your legacy and protecting loved ones begins with strategic estate planning. In Illinois, just as in many states, specific laws and regulations govern the distribution of the estate of the deceased. Whether you have a complex portfolio or a simpler set of assets, understanding these legal nuances is essential to ensure your assets are … Continue reading Protecting Your Assets: What Are the 5 Components of Estate Planning?

alt' man pointing to thing to know about estate planning topics'

6 Estate Planning Myths

February 5, 2024      by: tlaw

When it comes to estate planning, there are several myths. And not knowing fact from myth can be very costly.

Joint Tenancy

Joint Tenancy and its Perils

January 14, 2024      by: tlaw

Joint Tenancy – it is quick, convenient, and tempting. It used to be called “The Poor Man’s Will.” And it is fraught with potential disaster. Consequently, aside from marital funds, you should be very cautious of ever using it to title assets.

Umbrella Insurance; Why You Need It.

November 26, 2023      by: tlaw

During the decades that the city hosted the retirement seminar, I added a brief discussion on umbrella insurance. Considering the importance of this insurance coverage and its low cost, I was always concerned about how few officers in the room had the coverage. This insurance coverage can be the difference between complete asset security and … Continue reading Umbrella Insurance; Why You Need It.

alt="cover page of estate plann document"/>

Estate Plan Valid if You Move?

September 17, 2023      by: tlaw

If you move your legal residence, must you change your estate plan?

Americans move an average of 12 times in their lifetimes and as frequently as once every five years. Does your estate plan move with you?

As with all legal issues, the answer to that question is unnecessarily complicated.

Gun transfer on death or disability

Firearm Transfers Following Death or Disability

August 29, 2023      by: tlaw

Firearm ownership transfers upon disability or death are covered in the Illinois Trust Code. With the statute, firearm ownership upon disability is fraught with potential issues.

HealthCare Legal Document and School

July 19, 2023      by: tlaw

Are you ready? Letting go of the kids is hard. If you are packing up the kids or grandkids for a year away at college or thinking about your own plans, health care is never far from your thoughts.