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Tag Archives:  Chicago Estate Planning Lawyer


ESTATE PLANNING FOR DISABLED PERSONS

Most people are under the impression that a mentally incompetent person is incapable of creating a will and/or trust. In fact, under Illinois statutory and case law, a disabled, incompetent person is

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DON’T LET THE TAIL WAG THE DOG: Wills and Trusts Are Still Necessary

Due to the surprising victory of Donald Trump and the success of the Republican party in the November election, many people may have come to the conclusion that they can put their efforts at establishing

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DURABLE POWERS OF ATTORNEY FOR PROPERTY: Uses and Abuses

Power of Attorney for Property Blog

A Durable power of attorney for property (POAFP) is a very useful and essential financial and estate planning device. Such powers allow a trusted individual to handle a myriad of financial transactions

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SHOULD YOU WAIT: A SEQUEL

In a recent Note from the Desk, I commented on the propitiousness of making family gifts in 2012 in order to take advantage of low values, low interest rates and the unprecedented $5,120,000 federal

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DONATING APPRECIATED STOCK AND SECURITIES

DONATING APPRECIATED STOCK AND SECURITIES (Since the Stock Market Debacle of 2008 and 2009)

The stock market has made a tremendous comeback and the values of the common stock of many companies

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NEW BILL WOULD ALLOW FOR GAY MARRIAGE IN ILLINOIS

In a previous issue I reported that Illinois had enacted a new Civil Union Act which became effective on June 1, 2011. While the Act granted important new rights for gay couples in Illinois, it did

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POWERS OF ATTORNEY FOR PROPERTY: USES AND ABUSES

Durable powers of attorney for property (POAFP)are a relatively recent innovation and a very useful tool permitted under Illinois law. Such powers allow a trusted third party to handle individual financial

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WHY IT IS IMPORTANT TO REVIEW YOUR ESTATE PLAN

As an estate planning practitioner, I have advocated the practice of periodically reviewing one’s estate plan in order to give due and current consideration to possible changes in a client’s family

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BENEFICIARY-CONTROLLED TRUSTS

Most traditional estate plans are designed to benefit and provide security to a surviving spouse for his or her lifetime and for the division of the decedent’s assets between and among the children

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