Our Estate Planning Blog
Now that there is a Democratic majority in the Senate and the House of Representatives, estate and gift tax law changes are expected to occur in 2021 or 2022.
What should be done when managing credit cards and airline mile points for a deceased person?
Gifting stock to family members may lack the pizzazz of leaving a luxury car adorned with a bow in the driveway, but it’s a gift that can add value to their lives long after most other gifts have been forgotten.
When an individual cannot make important decisions for himself or herself, a judge appoints someone called the conservator or guardian to make decisions. The conservator has the legal backing of the court in all decisions, including finances, medical and personal care.
As states address budget woes due to the pandemic, one place they may turn to for revenue as they have in past economic crises is death taxes.
Remember that a will goes through probate, so a husband and wife typically try to avoid it by using joint ownership or beneficiary designations. However, they’re often mistaken by believing the will still controls their estate.
Can an owner of a timeshare will the timeshare back to the timeshare corporation and does the corporation have to accept it?
State-by-state differences in matters around taxes, inheritance, marital property and more make a thorough review imperative.
Speak to your local Naperville estate planning attorney to make a living will as soon as possible.
Even those with thorough estate plans might have neglected to discuss details with potential heirs.
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