by Lauren Jackson | Oct 20, 2021 | Estate Planning, Joint Trust, Revocable living trust, Trusts, Wills
In 2008, Congress recognized the need for the public to understand the importance and benefits of estate planning by passing House Resolution 1499, which designated the third week of October as National Estate Planning Awareness Week. Nevertheless, according to a 2021...
by Lauren Jackson | Jul 28, 2021 | Estate Planning
The following write-up was provided by Wealthcounsel. Among confusing legal concepts, the generation-skipping transfer (GST) tax is at the top of the list. Because of its complexity, many attorneys lump it in with concepts such as the rule against perpetuities—topics...
by Lauren Jackson | Mar 4, 2021 | Estate Planning
Estate planning can be a very difficult process. While it’s not brain surgery, making the decision to move forward with the planning requires us to face the fact that we will not live forever. This thought can stop many people right in their tracks. Others talk...
by Lauren Jackson | Feb 3, 2021 | Beneficiary, Estate Planning, Revocable living trust, Supplemental Needs Trust
What is the best way to leave assets to minor children? Well, that depends on the testator’s intentions and risk level, but there are a few options and basics to keep in mind: In Illinois, children under age 18 may inherit property, but can’t enter contracts and...
by Lauren Jackson | Jan 3, 2021 | Estate Planning, Joint Trust
In 2008, Congress recognized the need for the public to understand the importance and benefits of estate planning by passing House Resolution 1499, which designated the third week of October as National Estate Planning Awareness Week. Nevertheless, according to a 2019...
by Lauren Jackson | Oct 14, 2020 | Estate Planning, Life Insurnace, Real Estate
With a push by the Democratic party to return federal estate taxes to their historic norms, taxpayers need to act now before Congress passes legislation that could adversely impact their estates. Currently, the federal estate and gift tax exemption is set at $11.58...
