Blog

The Illinois Gift Tax and How Proper Estate Planning Can Reduce It
Illinois gift tax
Posted November 08, 2021

Estate planning is essential, and something that everyone should consider doing. Because life can be unpredictable, there is no dedicated age or amount of wealth that a person has as a limiting factor with regard to the distribution of their assets when they pass on. Proactively working out the details of one’s wealth can help […]

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How to Avoid a Contested Estate Using Wills and Trusts
contested estate
Posted October 29, 2021

Estate plans accomplish many things, including ensuring  your actual wishes are seen through as you wanted them to be. Also, that there will be no battles about your intentions between your beneficiaries. Ultimately, when a person decides to put a comprehensive estate plan together, they are doing so because they want their wealth to be […]

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What’s the Difference Between a Will and a Trust?
will
Posted October 21, 2021

When you hear about estate planning you often hear that Arlington Heights estate planning lawyers do “wills and trusts.” You may read about a will being probated, a trust is formed, and the benefits of both. But what are the differences between these, and why do they seem to be so intertwined all the time? […]

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Challenging a Beneficiary in a Will or Estate
beneficiary designation
Posted October 11, 2021

To challenge the beneficiary designation in a will, you must have standing. That is, you have something to gain from the outcome of the case. If you have standing you can challenge the designation within 6 months after the will is filed in probate court. Usually, challengers include: Spouses. Ex-spouses. Family members who are excluded […]

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