Tag: illinois estate planning law
Building a Liquidity Plan Into Your Estate
Posted on March 17, 2025
When creating your estate plan, it is important to keep multiple factors in mind, from the values that drive your estate plan, to the individuals and entities that you want as beneficiaries, to the way you want to utilize the estate plan to ensure that your wishes about your health are executed when you are no longer able to do so. Likewise, the need to incorporate tax considerations into an estate plan is widely known, as is the role of charitable giving in estate planning. However, there is an additional […]
How Do Powers of Attorney Complement an Estate Plan?
Posted on October 21, 2024
Often when individuals consider estate plans, they think about planning for a person’s death. While the purpose of an estate plan is, to a large extent, to make a plan for disposing of assets following death, powers of attorney are an important element of an estate plan for the living. An experienced Illinois estate planning attorney can advise on how the power of attorney can work alongside the rest of your estate plan. What is a Durable Power of Attorney? A durable power of attorney is an estate planning document […]
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