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August 2019 Archives

Long term care planning: Separation may be better than divorce

Couples who are thinking about divorce have many things to ponder. One of those may be how divorcing could affect long term care planning efforts. Illinois couples who are 55 years of age of older and who are contemplating divorce may do better separating instead of ending things formally when it comes to having enough financially for care as they continue to age. 

Estate planning and foreign assets

With the world getting technologically smaller, more people are investing in foreign markets. When it comes to estate planning in Illinois, residents who do have foreign assets need to be aware of how to handle them in their estate plans. Whether it's owning a castle in Europe, a vineyard in the foreign sun or high-end sports cars overseas, global assets need to be structured in such a way as to offset paying the highest taxes possible.