Many Illinois residents may think that estate planning is only for older people who want to pass on assets to their families after they pass away. However, estate planning is about more than that. Proper estate planning services can be used to reduce taxes, obtain healthcare, and protect the assets of younger families. However, mistakes […]
Read More
An important way to reduce taxes on your estate is to make gifts to your loved ones during your life. This is done with the annual gift tax exemption of $16,000 as of 2022. You can make a gift to your loved one up to the current exemption amount every year. You can give that […]
Read More
It is always an emotional and challenging time when a loved one passes. The situation can be made worse when it comes time to distribute the deceased’s assets. What happens if a beneficiary contests the estate? Fortunately, a contested estate can often be prevented with careful estate planning. If you need assistance, the Lincolnshire estate […]
Read More
In almost every part of the law, a person must be mentally competent. It means the person must understand what they are doing or signing rationally. For example, competency is required to enter into a contract, finalize an estate plan, and more. If you have a loved one that may need to be declared incompetent, […]
Read More
