Everyone should have an estate plan, no matter how healthy, young, or old they are. Planning what will happen to assets after death can help people ensure that their property is distributed according to their wishes. There are many options in the state of Illinois to...
Estate planning is typically focused on passing assets after you die. But planning may include both wills and trusts to help preserve your income when you are still alive. There are some general features you should know about trusts. General description A trust is a...
We are in a historic time of uncertainty and death. Every day, we are faced with news reports of the national crises and accompanying death toll that seems to never stop increasing. Naturally, as a result, many of us are now looking to create or update our estate...
A lot of people who struggle with debt are worried that personal bankruptcy will leave them in a worse position. They oftentimes believe that a Chapter 7 bankruptcy will strip them of all of their assets, making it nearly impossible for them to get back on their feet...
Almost every Geneva area resident has at least one credit card. In fact, the average American has four credit cards. Credit cards are used for every day purchases as well as any emergency that may crop up such as medical expenses, car repairs, etc. Although most...
When considering all that is entailed in planning your estate, one of the most important decisions you may make is whether or not to include a power of attorney for healthcare. Choosing a spouse, family member or close friend to be your advocate when it comes to your...
When someone trusts you to handle their estate, you may feel both completely honored to be chosen -- but watch out. While the process of handling an estate from start to finish usually goes smoothly, the job can be somewhat overwhelming if you aren’t prepared. Here...
When you start having issues with credit card debt, they can start to feel like a scam. Say you can’t afford to pay off the entire balance. The fees are large enough that just paying them off is all you can manage the next month. This process repeats itself over and...
When you’re considering setting up trusts, something you may want to consider is an irrevocable trust. Irrevocable trusts have a few benefits that you may not see with others. Why? When you create an irrevocable trust, you’re taking assets out of your hands. That...
When you realized that you weren’t going to be able to catch up on your bills, it upset you a lot. You felt like you were a failure and that you would always be struggling with debt. You should know that most people go through a situation like yours at one time or...
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