Much of the life insurance purchased over the past 15-20 years for estate planning purposes was of a type known as guaranteed universal life insurance. It was (and is) popular in estate planning because it was generally less expensive to buy than traditional whole life, yet it came with a guarantee such that the risk […]
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Drafting a will is one of the best ways that a person can ensure that his or her assets will be distributed in a way that he or she deems fair. However, wills must still be filed with a probate court upon the testator’s death, at which point they become vulnerable to contests and delays. […]
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Are you concerned that your loved one’s will was not made according to his or her actual interests? Or did you recently lose a loved one and learn that another will was drafted toward the end of his or her life at a time in which capacity was in question? Not all states allow individuals […]
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Many people assume that estate planning is only for older adults, or for wealthy individuals who need to make intricate plans for trusts, estate and gift taxes, and business succession. However, it is also extremely important for young adults to think about estate planning and to speak with a Chicago estate planning attorney about creating […]
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