Most states, including Illinois, have what is referred to as an elective share law, which helps protect a surviving spouse from being disinherited. This is true even if a surviving spouse is actively cut out of a will, as he or she will be permitted to “elect” to take a portion of the estate. How […]
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Most people associate estate planning with protecting their assets, as well as ensuring that loved ones will receive an inheritance. While these are important aspects of estate planning, there are also a number other factors to consider that go into the process, including planning for physical or mental incapacity. Preparing for this eventuality may be […]
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When a person passes away, his or her estate is usually distributed by a probate court. This court-supervised process tends to be expensive and time-consuming, so most people attempt to avoid it by establishing a trust or creating a payable-on-death account. The latter, which are also known as PODs, are set up for a number […]
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Creating an estate plan requires the collection of a variety of different documents, including financial records, deeds, and documentation related to personal matters. For help drafting a new will, creating a trust, or otherwise preparing to plan your estate, please contact one of our experienced estate planning attorneys today. Organizing Estate Planning Documents Working with […]
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