by Lauren Jackson | Jul 13, 2022 | College Incentive Provision, Estate Planning, Revocable living trust
When clients are completing their estate plan and they have minor children one of the hardest questions to answer is what is the best way to leave assets? I would never advise clients to give large sums of money to 18 year old’s with no restrictions. So, what are...
by Lauren Jackson | Apr 10, 2022 | Estate Planning, Revocable living trust, Wills
As society becomes more digital, all our personal information and even some possessions are stored on the internet. Everyone seems to have email accounts, photos, social media accounts, and cloud storage just to name a few, but the list can be endless. To...
by Lauren Jackson | Jan 22, 2022 | Estate Planning, Revocable living trust, Trusts
If you have had your estate plan drafted recently and that plan included a revocable trust, your job is not quite over yet. One of the most important things must then do is fund your trust. If you do not fund your trust, the trust document and all your estate...
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 | 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 | Mar 20, 2020 | Estate Planning, Joint Trust, Revocable living trust
Revocable living trusts are the most popular estate planning tool for married couples in my law practice. They can be extremely useful for incapacity planning, probate avoidance, asset protection, and privacy. Depending on the married couple’s goals and...
