Things You Should Know

What is Probate?

“Probate” has gained the reputation of a four-letter-word in the estate planning community. It has also become a word that many non-lawyers use to describe why they need a Trust. Probate has some very formal definitions within the legal community – don’t worry about those. As a non-lawyer, here’s what you should know: 1. “Probate” is …

Read More

Baby Boomers Estate Planning – How You Inherit, How Your Family Inherits

According to an article in the Wall Street Journal, “baby boomers—those 78 million people born from 1946 through 1964—are expected to inherit some $8.4 trillion during their lifetimes, according to the Center for Retirement Research at Boston College.” Yes, there’s a good chance you’ll receive an inheritance.  And I know you may not like to …

Read More

Illinois Sales Tax Position Improves

We can all spend a little easier now. While those of us in Chicago/Cook County enjoy some of the highest sales tax in the nation, the Illinois sales tax regime has improved. In an article posted by Crain’s, Illinois has dropped from the 9th highest sales tax in the country to the 10th!

Read More

Estate Planning – the Digital Age

It used to be that you could just go through the files and mail to determine your (or a decedent’s) assets. This is no longer the case today. A necessary part for estate planning and estate administration is knowing your assets and how to access them. However, in the digital age, it’s not as easy …

Read More

Your Health Care Decisions

Normally, you go to the doctor, they talk to you about what treatment you want (or dont want) and you make up your own mind… What happens if you’re unconscious or in a coma? Who makes decisions on your behalf? What if you haven’t named an agent? What if no one is there to make …

Read More