630-377-3241 455 Dunham Road, Suite 200, St. Charles, IL 60174

Estate and Trust Administration

Estate and Trust Administration
·
July 22, 2014

Five Things an Estate Planning Attorney Can Do – That You Probably Shouldn’t

Here is an interesting point of view that most estate planning attorneys would agree with. We know it is easy to run to an office supply store or even grab forms from the internet that guide you on how to write your own will, but it really isn’t ever as “simple” as you imagine it to be. There are several issues that need to be thought of and addressed when preparing documents such as a will, powers of attorney, and a trust and you don’t want loop holes to cause trouble for the family that ends up in probate. The unexpected can be planned for and consider issues typically not thought of.

Estate and Trust Administration
·
July 8, 2014

5 Questions to Ask Before Making Gifts for Medicaid or Tax Planning

Many seniors consider transferring assets for estate and long-term care planning purposes, or just to help out children and grandchildren. Gifts and transfers to a trust often make a lot of sense. They can save money in taxes and long-term care expenditures, and they can help out family members in need and serve as expressions of love and caring. But some gifts can cause problems, for both the generous donor and the recipient.

Estate and Trust Administration
·
July 3, 2014

5 Tips on Deciding Whether to Buy Long-Term Care Insurance

On the one hand LTCI premiums are high, they may be raised in the future, and if you are purchasing policies in your 50s and 60s, the need is probably many decades in the future. On the other, many are saved by their LTCI, able to choose their own care setting rather than rely on what is covered by Medicaid in their state, more comfortable hiring necessary help if doing so doesn’t mean dipping in to their savings, and able to protect an inheritance for their children and grandchildren.

Estate and Trust Administration
·
May 8, 2014

Advance Medical Directives? Now There’s an App for That

An advance directive gives instructions on the kind of medical care you would like to receive should you become unable to express your wishes yourself, and it often designates someone to make medical decisions for you. But an important document like this won’t be of much use in an emergency if it’s tucked away in a safe deposit box or in a file cabinet somewhere.

Estate and Trust Administration
·
March 25, 2014

What Are the House Ownership Options When Parents and Adult Children Live Together?

Increasingly, several generations of American families are living together. According to a Pew Research Center analysis of U.S. Census data, more than 50 million Americans, or almost 17 percent of the population, live in households containing two adult generations. These multi-generational living arrangements present legal and financial challenges around home ownership.

Back To Top