Individuals in Illinois and across the country may have thought about what will happen after they are gone, but hesitate to plan for it. While some may believe they have plenty of time left to handle such affairs, there may be additional factors that are holding them back, potentially involving certain myths about the process of estate planning. A person may find it beneficial to speak with someone with experience in this area for information before making a decision bases on potential misconceptions.
Addressing some potential misconceptions re estate planning
Providing for minor children through a life insurance trust
When you consider the best way to allocate your assets through your Illinois estate plan, your primary focus may be how to ensure that your minor children are cared for financially. We at the law office of Donald R. Johannes, Attorney at Law, understand that a will may not be enough, and we often advise clients on the benefits of a life insurance trust.
