Tag: Estate Planning

An Unfunded Estate Plan is Like an Empty Bucket
Posted March 03, 2015

An Unfunded Estate Plan is Like an Empty Bucket By: Alan G. Orlowsky When it comes to estate planning in Illinois, you will often hear the phrase “title equals result.” The phrase means that the ultimate results of an estate plan will depend on how each asset in the estate is titled. If something is […]

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Wealth Transfer Strategies for Minors – Estate Planning
Posted January 27, 2015

Wealth Transfer Strategies for Minors By Alan G. Orlowsky A favorite practice for many grandparents is making financial gifts to grandchildren or even great-grandchildren to help provide future educational expenses. Most grandparents, however, know better than to simply hand cash to the grand kids. They understand that the money would probably go to video games, […]

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Contesting a Will in Illinois
Posted December 04, 2014

Contesting a Will in Illinois By: Alan G. Orlowsky While around 99 percent of all wills that go through probate pass through without incident, sometimes issues arise surrounding the distribution of assets or other areas within the will. When this happens, the will is deemed “contested.” Only certain people involved in the estate can contest […]

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Estate and Gift Tax Planning – Northbrook, IL
Posted October 22, 2014

Many people who are considering or have begun to draft an estate plan do not realize that Illinois and the federal government have different taxes for estates and gifts. This issue has caught many families unaware and the resulting tax bill can come at a major cost to heirs. It is important to understand the […]

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