The primary reason people give for estate planning is to ensure their final wishes about the distribution of their assets are carried out. Examples of final wishes you may include in a will are how and where to bury you, how to dispose of your personal property and what to do with the family home. […]
Estate Planning
Debunking Five of the Most Common Myths About Estate Planning
One of the more difficult tasks for an attorney is to get clients to create an estate plan. The truth is that most people would rather do almost anything other than contemplate and prepare for their own inevitable passing. This is a shame because estate planning is the best way for a person to provide […]
What Crimes Bar Inheritance?
The Appellate Court for the First District has found that conviction of perjury and obstruction of justice in a murder case are not necessarily bars to inheriting form the murder victim. Darota Chaban married William Chaban in Las Vegas on June 9, 2007. When they returned to Chicago on June 13, 2007 and informed Darota’s […]
Back to Basics – Estate Planning Part III
Recently we discussed four reasons most families will benefit from estate planning. This post concludes this topic with two more ways an estate plan can help carry out your goals for your family. With the federal estate tax exemption amount now set at $5.25 million for 2013 and $5.34 million for 2014, and increasing annually […]
Back to Basics – Estate Planning Part II
View the previous post in this series – Back to Basics – Estate Planning Part I Recently we discussed two reasons most families will benefit from estate planning. This post continues with two more ways an estate plan can help carry out your goals for your family. With the federal estate tax exemption amount now […]
Back To Basics – Estate Planning Part I
With the federal estate tax exemption amount now set at $5.25 million for 2013 and $5.34 million for 2014, and increasing annually with inflation, it may seem like estate planning is no longer important. While it is true that most estates will escape this tax, (the estate tax will affect less than 0.2% of decedents […]