${site.data.firmName}${SEMFirmNameAlt} ATTORNEY AT LAW

Phone TollFree

Estate Planning Archives

Estate planning in Illinois when second families are involved

Divorced people may find new leases on life with remarriage and an extended family. Proper estate planning can help Illinois residents who have remarried to keep the peace in their second families. Making a determination of what assets belong to each individual and which are shared may be the first place to start, especially if the two people are older and have amassed their own assets.

Your estate planning needs change after divorce

Going through a divorce requires careful focus on settlement agreements, child custody arrangements and any related payments each person might owe. Once the somewhat lengthy process of ending a marriage is complete most people in Illinois are ready to sit back and take a rest from paperwork and planning, but this is shortsighted. Estate planning needs change along with major life events, such as marriage, the birth of a child and divorce.

Estate planning and blended families in Illinois

The definition of family is not as cut and dried in the 21st century as it was in the earlier part of the 20th century. With divorce and remarriage more prevalent, some Illinois residents may find themselves in blended family situations. Estate planning in these instances might be tricky, but the process may be less so when armed with the right information.

Avoidable Illinois estate planning misconceptions

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.

Estate planning: Leaving a messy estate could cause problems

The last thing people want is to leave a mess for loved ones after they've passed away. But that is exactly what could happen if someone leaves a messy estate. So, those intent on comprehensive estate planning in Illinois, would be wise to ensure all the i's are dotted and all the t's are crossed. When family members are left sorting through every item of clothing and looking in every crack and crevice for something that might have been saved, it may only add to their stress when they're already grieving.

Why it's important to update estate planning documents

Going through the time-consuming task of fashioning an estate plan may fall short if that plan isn't updated as life changes. Estate planning documents in Illinois should always be as current as possible and should reflect current life situations. Amassing documents like a will and storing them in a safety deposit box for decades without ever looking at them again may be doing beneficiaries a great disservice.

Health care directives in Illinois estate planning

When planning their estates, many people choose to leave directions as to what they would like to have happen should they become ill and not be able to make decisions regarding their health care. These inclusions in estate planning are called health care directives. But are these directive enforceable in Illinois? Health care providers are obligated to follow any written health care orders that are put in place, with some exceptions.

Even those under 40 should think about estate planning

It has been said that there are two certainties in life -- death and taxes. Unfortunately, they are also well associated with each other. Rarely, do people under the age of 40 in Illinois think about dying, much less begin estate planning, just in case the unforeseen should happen. Doing so, however, could be a wise step since a carefully prepared estate plan will maximize the amount of assets that actually end up in the hands of beneficiaries.

The numerous benefits involved with estate planning in Illinois

Many individuals in Illinois and elsewhere may consider it intimidating to plan for certain scenarios in life. However, while forming a strategy for the unknown can seem a daunting task, it could also prove exceedingly beneficial in the future. By exploring the potential advantages that are available in estate planning, one may be able to overcome previous hesitations and decide upon a path with his or her wishes for the future at heart.

Exploring the available estate planning options with guidance

Many individuals in Illinois and elsewhere may place a great deal of importance into the process of planning for the future. However, with numerous crucial aspects to consider when planning an estate, many may feel somewhat intimidated by the process. Those who wish to plan for the future may be able to overcome any previous hesitation by exploring the available options in estate planning, as well as the potential benefits of each.