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Estate Planning Tips, Tricks, and Breaking News
Can I Create an Islamic Will in the State of Illinois?
One of the most common questions I get asked is whether one can create an Islamic will in the State of Illinois due to the fact that the law of the land does not follow Islamic inheritance (Faraid) principles. The short answer is: Yes, you absolutely can create an Islamic...
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Maximizing Your Illinois MetLife Legal Plan: How to Get the Most Out of Your Estate Planning Benefits
My office works with a lot of people in Illinois that have MetLife through their employer. If that’s you then you’re in the right place. Did you know that your MetLife legal plan may allow you to get your estate planning done at no cost to you? If you didn’t...
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3 Key Questions to Answer “Before” Meeting Your Estate Planning Attorney in Illinois
Picture this: we're sitting down, you and me, ready to dive into the nitty-gritty of your estate plan. There's often a bit of surprise when I clarify that I can't make all the decisions for you. After all, I'm not familiar with your family dynamics or your unique preferences. ...
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Estate Planning 101: The Four Methods of Asset Transfer For Chicagoland Residents
It's truly remarkable how many folks want to draft a will to ensure their assets end up where they want them to go after they're gone, without considering the other methods available for transferring assets. They often inquire about the hierarchy between a will and other documents. As much as...
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Revocable Trusts vs Irrevocable Trusts: What’s the Difference in Illinois?
A few weeks back, I had a heart-to-heart with a financial planner who's been sending clients my way for quite some time. In our recent chat, he mentioned the need for asset protections within a trust for a potential client he was planning to refer to me. He brought up...
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Completing Your Estate Plan Online vs. Working with an Attorney In Illinois
When it comes to estate planning, there are many options available, including online templates that promise a quick, easy, and cost-effective way to create your will, trust, or power of attorney. While these online tools might seem convenient, they often come with hidden risks that could leave you and your...
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The Difference between a Will and a Living Trust
When planning your estate, choosing between a will and a living trust can be confusing. While both serve to distribute your assets after death, they have important differences. What is a Will? A will is a legal document that outlines how your assets should be distributed after you pass away....
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How To Involve Your Family In Your Estate Plan
When deciding your estate plan, there are many things you have to think about. Choosing the right plan, executing and organizing the documents, and meeting with your attorney are all part of the job of planning what will happen to your estate. But one thing that is integral to the process...
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The Differences Between A Will And A Trust
There are many different ways to prepare for your future with your estate planning attorney. There are many different types of documents, plans, and decisions that you have to make when deciding how you want to distribute your estate. When looking at the options and deciding what estate plan is...
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