Planning an estate can seem like a daunting task. Estate planning in Illinois can get even more tricky when people are armed with information that isn't exactly factual. But there is good news in that these common faux pas can be avoided armed with the proper knowledge. The first of these is that estate planning is just for the wealthy when, in fact, it's for everyone of most any age, including younger people.
There comes a time in every adult's life when they begin thinking about what would happen if they were no longer on the planet. When life changes happen -- like marriage or the birth of children -- that's when many Illinois residents may give thought to writing their wills. There are a few things people might do or neglect to do when beginning the will-writing journey.
Time waits for no one. Everyone gets older and with that may come the need for care. Illinois residents who are young and vibrant and even those in mid-life don't usually think about long term care planning. But the truth is there are some pretty big misconceptions about long-term care and one of the major ones is that many individuals believe they won't have a need for it.