If you already have an estate plan, you know it’s more than just a document, it’s a carefully thought-out process that reflects your wishes, values, and goals. However, one thing we always remind clients is that estate plans are not permanent. You can (and should) update your plan whenever life changes.

So, what kinds of changes might be a good reason to take another look at your plan? Let’s talk about it.

Simple Answer: Whenever You’re Experiencing a Plot Twist

Life has a funny way of keeping things interesting. Big life changes, or even smaller ones, can all be good reasons to revisit your estate plan.

Common examples include getting married or starting a family. If you created your estate plan when you were single and later got married, you’ll probably want to update your will and powers of attorney to include your spouse. And if you’re expecting a child, it’s a great time to make sure your plan includes how you want to care for your growing family.

Even smaller shifts can matter. Maybe you’re moving, buying a new property, or starting a business, these are all good reasons to make sure your estate plan still lines up with your current life.

And then there’s retirement, that’s a big one. Retirement changes a lot about your day-to-day life, from your finances to your priorities. It’s a great time to pause and ask yourself whether your estate plan still reflects your goals and the people you want to provide for.

Change: The One Thing That Never Changes

Life doesn’t stand still, and your estate plan shouldn’t either. You don’t need to make changes every time something happens, but it’s smart to check in once in a while to make sure everything still fits where you are in life.

The good news is that updating your estate plan doesn’t have to be complicated or stressful. With the right guidance, it’s a pretty simple process.

If you’re not sure whether your estate plan needs an update, we’d be happy to walk you through it. Give our office a call to schedule a one-on-one consultation and we’ll help you make sure your plan grows right along with you.

One of the main goals of estate planning is making sure you have a say in what happens to you and your affairs, even in the worst-case scenarios. Most people think first of wills, which ensure your wishes are followed after your death. But estate planning is not just about what happens after you are gone. It is also about protecting your voice and your choices while you are still here.

That is where a Power of Attorney (POA) comes in.

Your Voice in the Emergency Room

If a medical emergency leaves you unable to speak or make decisions for yourself, someone will have to step in. Without a POA, a court could decide who gets that authority, and it might not be the person you would have chosen.

By setting up a POA for health care, you choose a trusted “agent” to make decisions on your behalf. You also decide exactly how much authority they have, ensuring they follow your wishes when it comes to your health and your body.

Bottom line: A health care POA ensures your medical choices are made by someone you trust, not by the court.

Who’s in Charge of Your Property?

The answer should always be you or someone you trust to act in your place. Life can bring situations where you cannot handle your property and finances personally. Maybe you are out of state, traveling abroad, or temporarily unable to manage day-to-day affairs.

A POA for property ensures your assets are handled according to your wishes. It is the best way to prevent unauthorized decision-making and to make it clear who can, and who cannot, act on your behalf.

Bottom line: A property POA keeps your financial and property matters in trusted hands when you cannot manage them yourself.

Keeping Everyone on the Same Page

We all have people in our lives whose opinions we value. But when it comes to your personal matters, the only opinion that truly counts is yours. A Power of Attorney removes guesswork and ensures your voice is respected, even when you cannot speak for yourself.

Knowing you have appointed someone who understands and honors your wishes can bring real peace of mind for you and for your loved ones.

Bottom line: A POA guarantees your wishes are known, respected, and carried out by someone you trust.

Get Started Today

We are here to make that process simple, clear, and tailored to you. Call our office today to schedule a consultation and take the first step toward creating an estate plan that reflects your values, wishes, and priorities.

Being a strong, independent woman means taking charge of your life—and your legacy. If you think estate planning is easier when you’re single, think again. With more freedom comes more decisions, and that’s where we come in: to help you create a plan that’s thoughtful, personal, and empowering.

If There’s a Will, There’s a Way

Many of our married clients have a fairly straightforward plan: everything goes to the spouse, and if both spouses pass, then to their children.

• But when you’re single, the choices are wide open—which can make things more complex. You might want to leave your estate to:
• Your parents or siblings
• A close friend or mentor
• A charitable cause
• Your children or godchildren
• Even a beloved pet
• Without a valid will, Illinois law decides who gets what. If you have no spouse or children, your estate will automatically go to your parents and siblings—even if you had different intentions. Avoid confusion and conflict by making your wishes clear.

In Sickness and in Health

Estate planning isn’t just about what happens after you’re gone—it also protects you while you’re alive.

If you become incapacitated, who will make decisions about your healthcare or finances? As part of your plan, you can name a trusted friend or family member to act on your behalf through:

• Power of Attorney for Healthcare
• Power of Attorney for Property
• A Living Will or Advance Directive

These documents make sure your voice is heard, even if you’re unable to speak for yourself.

Don’t Forget the Children (or Pets)

If you have children—or even pets—you’ll want to ensure someone you trust is legally designated to care for them.

You can name a guardian in your will and set up a trust to provide for their financial needs. This ensures your loved ones are cared for in the way you intended.

Planning Isn’t Just About Dying—It’s About Living

An estate plan isn’t just about death—it’s about life. A strong plan can include:

• Long-term care planning
• Asset protection
• Disability planning
• Instructions for serious illness or injury

This is your chance to build a future that supports your independence, your values, and your peace of mind.

Take Control of Your Future

As a single woman, you deserve a plan that reflects your goals and protects your loved ones. Empower yourself to live life with confidence—and without regrets.

Ready to get started? Contact our office today to schedule a one-on-one consultation. We’ll help you create a solid estate plan that fits your needs!

Life is full of uncertainty—but your final wishes shouldn’t be. While Illinois state law has default rules for distributing your assets when you pass away, those laws may not reflect your personal wishes. That’s where estate planning comes in.

No matter your age, income, or family structure, everyone deserves to have a say in what happens to their property. A customized estate plan ensures your legacy is protected and your loved ones are taken care of—on your terms.

Why Should You Have a Will in Illinois?

A will allows you to decide who inherits your property and how it’s divided. Without a will, Illinois intestacy laws determine distribution. For example:
• If you pass away with a spouse and children, your estate is split 50/50 between them.
• If you have a spouse but no children, your spouse inherits everything.

While these default rules might seem fair, they often don’t reflect the nuances of real-life relationships, blended families, or personal intentions. A valid will ensures your wishes—not the state’s—guide the distribution of your estate.

Planning for Minor Children and Other Unique Situations

Estate planning isn’t just about dividing property—it’s about protecting your family. If you have minor children and pass without a will, the court decides who manages their inheritance and appoints a guardian, possibly without your input.

Creating a will or trust allows you to name guardians, set up financial protections, and ensure your children’s well-being is managed by someone you trust.

Common Questions to Consider in Your Estate Plan

Getting started with estate planning may feel overwhelming, but asking yourself the right questions can help:
• Who should inherit your assets?
• Do you want to leave specific items or gifts to particular people?
• Who should serve as executor to carry out your wishes?
• If you have children, who would you want to serve as their guardian?
• Should you create a living trust to avoid probate and protect assets for your spouse or children?

Once you’ve thought about these questions, the most important step is to put your wishes in writing. If you don’t, Illinois law will make those decisions for you—and your loved ones may face confusion or disputes during an already difficult time.

Estate Planning is Flexible—and We’re Here to Help

The good news? Your estate plan isn’t permanent. As your life changes, your plan can evolve. Whether you’re just getting started or updating an existing will or trust, our estate planning attorneys can guide you every step of the way.

Let us help you gain peace of mind and protect what matters most. Call our office today to schedule a consultation, and take the first step toward creating a personalized estate plan that truly reflects your values, wishes, and priorities.

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.

1. You Need to Think About Who You Want to Receive Your Assets When You Pass Away

In jest, I might suggest my own kids as potential heirs, but rest assured, I’m not advocating for that. It’s just a playful nudge to get you thinking about who you want to entrust with your assets. Of course, if you really want to leave everything to my kids, I won’t stand in your way – though that might not align with your true wishes.

Some folks believe there’s a strict rulebook dictating asset distribution, expecting me to lay out all the specific rules. But here’s the scoop – there isn’t a rigid structure or an overly specific set of rules. You’re in the driver’s seat, with the power to choose who receives your assets and how they’ll inherit them after you’re gone. Before our chat, it’s essential to mull over who you want as your asset’s lucky recipient – your designated beneficiaries. This could be your spouse, kids, other relatives, a charity, or even that friend who’s always had your back. So, before we meet, give some thought to whom you want to bless with your assets.

2. You Need to Think About (and probably list out) What Assets You Have and How Much They Are Worth

Next on the checklist: your assets. While we don’t need a detailed list for your will or trust – updating it for every new purchase or sale would be a hassle – having a general list with approximate values is a smart move. It’s like the roadmap guiding us to decide whether a will alone is sufficient or if we should consider bringing a trust into the estate plan. Factors like holding real estate in multiple states or having significant assets can steer us in the right direction. So, jot down those assets and their ballpark values – it’s like a treasure map leading us to the right plan.

3. You Need to Think About Who You Want to Leave In Charge

Now, let’s talk about who’s going to be the maestro orchestrating the distribution of your assets – your personal representative. This person plays a vital role in bringing your estate plan to life, dealing with beneficiaries, family members, financial institutions, and, if needed, the probate court. It’s a big job, and you want someone up to the task. Many go for a family member, but when that’s not an option, a professional fiduciary might step in. I don’t handle this personally, but fear not, I have some excellent professional fiduciary groups in Texas that I can recommend. Banks and investment companies also offer such services. The key is to choose someone trustworthy and capable, whether it’s a family member or a professional.

The same thoughtfulness applies when picking someone for financial or medical decisions under a Power of Attorney. It’s your choice, and your estate planning attorney just needs to know who that person is, along with their contact info. So, before our meeting, consider who you trust for these crucial roles.

You Can Find The Type of Information You Need to Provide From the Estate Planning Attorney

If you prefer diving straight into a conversation, you can schedule a meeting below or give me a call to discuss your needs. Remember, a bit of pre-planning will make our conversation smoother and more productive!

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 I’d love to see legal documents duke it out in some paper-and-ink arena, it’s not quite that simple. Since my documents don’t come to life like characters in an animation, a document battle remains a far-fetched idea. So, let’s explore more practical ways.

This brings us to the topic at hand: the four primary methods of asset transfer, which I’m about to dive into in this blog post.

A Will – Your Initial Line of Defense (and Sometimes, the Final One)

A will has control over property that goes through probate, meaning it doesn’t have a beneficiary designation, transfer-on-death, or pay-on-death designation, and isn’t titled within a trust. Typically, a trust is complemented by a will to transfer assets into the trust, but that’s not always the case. While a will is a fundamental document in estate planning, it only governs what happens to specific types of assets.

Trusts – They Rule Over What They Inherit

If you opt for a trust, the trust agreement will dictate who receives assets, but only if those assets are titled in the trust’s name. I’ve come across many trust documents where I asked what was placed inside the trust, only to be met with blank stares. Many people mistakenly assume that just creating a trust document and listing the desired assets is sufficient. But to truly place assets in the trust’s name, you need to transfer the title. Real estate requires a deed, investment accounts need change-of-ownership forms, the DMV must be informed about vehicle transfers, and banks should be made aware of new accounts under the trust’s name. This process is known as “funding the trust” and is crucial. Without proper funding, the trust agreement can’t determine property distribution because it only controls assets it owns. Many individuals who think they have it all sorted are caught off guard when an asset isn’t titled in the trust’s name. A well-thought-out estate plan should include a strategy for funding the trust, whether it’s the creator, the attorney, or another party who handles it.

Lady Bird Deed, Transfer on Death and Pay on Death

Without a trust to facilitate asset transfer, you can use transfer-on-death or pay-on-death designations to bypass probate and directly allocate assets to a designated beneficiary. Transfer-on-death is typically linked to investment accounts like stocks or bonds, while pay-on-death is associated with bank accounts. Both methods allow assets to transfer to the chosen person without the need for probate and can’t be overridden solely by a will. It’s vital to review each beneficiary designation and ensure they are up-to-date and correctly arranged. Otherwise, an outdated beneficiary could end up receiving the assets.

Beneficiary Designations

A beneficiary designation is a means to transfer investment assets upon the owner’s death. These designations are set up for popular accounts like IRAs, 401(k)s, 403(b)s, Roth IRAs, Thrift Savings Plans, life insurance policies, annuities, and similar investments or policies. These designations are part of the insurance contract, ensuring assets avoid probate and specify where the money goes upon the owner’s passing. Many mistakenly assume that a will controls all assets, but that’s not the case with beneficiary designations, transfer-on-death designations, or pay-on-death designations. These determine who inherits these specific types of assets, regardless of what the will states. It’s crucial to align your beneficiary designations with your wishes as outlined in your will.

A Real-Life Example

Let me share a real-life story: I had a client whose husband recently passed away. He set up his IRA 43 years ago when he was married to his first wife. When he passed, his second wife discovered that the first wife was still listed as the IRA beneficiary. Despite being the current wife when her husband passed away, she likely won’t receive the full IRA. This oversight in updating beneficiary designations could cost her a significant sum. This unfortunate situation brought her to me, and I had to deliver the tough news that she’d likely get much less than she had planned for.

Illinois Residents: Secure Your Legacy Properly

Crafting an estate plan that ensures seamless coordination among all your documents requires thoughtful planning. It’s more than just having the right documents; it’s about having a comprehensive plan. If you’re a Illinois resident, we’re here to assist you in getting your estate plan in perfect order. Let’s get started by scheduling an appointment today.