Archive for the estate planning Category

Valuation Discounts Appear to Be Sticking Around

Valuation Discounts Appear to Be Sticking Around

Recent developments on Capitol Hill appear to show that valuation discounts for family-owned businesses are not going away anytime soon. In April, President Donald Trump issued an executive order requiring the U.S. Treasury to identify within 60 days any regulations that impose an undue financial burden on […]

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Tips for Baby Boomers – What To Do If Your Kids Would Rather Not Inherit Your Collectibles

Tips for Baby Boomers – What To Do If Your Kids Would Rather Not Inherit Your Collectibles

Baby boomers represent a generation of super collectors. They have often accumulated fancy dinnerware, traditional furnishings, and decorative objects representing decades of style trends. The number of “family treasures” a person can collect over several decades can be overwhelming. Outside of items baby boomers purchased, baby boomers […]

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Answer: Who Should I Choose as Trustees of My Trust?

Answer: Who Should I Choose as Trustees of My Trust?

You can select an individual as a Trustee, such as a close friend or family member; or a professional can be selected, such as an attorney or CPA; or you may choose a financial institution or a bank. A good Trustee should be someone who is honest […]

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Why You Shouldn’t Put Off Updating Your Important Documents

Why You Shouldn’t Put Off Updating Your Important Documents

When people put off updating their estate plans, they’re playing a very dangerous game. This sort of procrastination is downright irresponsible and often results in a people’s loved ones facing additional stress, financial loss, and hurt feelings. The Wall Street Journal recently highlighted several examples of cases […]

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Soap Opera Situation – You Absolutely Need To Update Your Estate Plan Today!

Soap Opera Situation – You Absolutely Need To Update Your Estate Plan Today!

Chicagoland clients marry, divorce, remarry, etc. They depend on Chicago estate planning advisors to help protect their assets for the benefit of loved ones. Sometimes, it’s helpful to hear a story about what could go wrong if your plans don’t get updated when making major life or […]

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