Contact Us Today 708-460-8888

Blog

 

Have You Checked Your Beneficiary Designations Lately?

Posted by Mona O'Connor | Jan 24, 2025 | 0 Comments

The blog highlights the importance of regularly reviewing beneficiary designations on financial accounts, as these supersede wills and trusts. Major life changes like marriage, divorce, or the birth of a child can necessitate updates. Failure to keep designations current may lead to assets going through probate, delaying distribution and causing unnecessary costs. Regular checks ensure your wishes are honored and provide clarity for your loved ones.

Enriching Life with a Third-Party Special Needs Trust

Posted by Mona O'Connor | Jan 13, 2025 | 0 Comments

This blog explains how Special Needs Trusts (SNT) provide financial support for disabled beneficiaries without affecting their government benefits. It highlights the benefits of third-party SNTs, which allow funds to pass on after the beneficiary's death, and outlines eligible expenses that enhance the beneficiary’s quality of life. The importance of legal guidance in managing these trusts to ensure compliance with regulations is also emphasized.

How Do I Create an Estate Plan with an Only Child?

Posted by Mona O'Connor | Nov 22, 2024 | 0 Comments

The blog explores estate planning for parents with an only child, highlighting the unique challenges and considerations involved. It emphasizes the importance of communication about inheritance expectations and the child's capabilities in decision-making roles. Parents are encouraged to balance emotional ties with practical needs and to seek professional guidance to create a thoughtful estate plan.

3 Things You Must Do Once Your Divorce Is Final

Posted by Mona O'Connor | Nov 22, 2024 | 0 Comments

Divorce can be a long process full of changes and decisions. To ensure your finances, property, and estate planning wishes are adequately addressed in light of this significant life change, here are three essential steps you need to take immediately after your divorce is final.

How to Choose a Guardian of the Estate for Yourself

Posted by Mona O'Connor | Oct 18, 2024 | 0 Comments

As adults, we are used to making our own decisions. It is a part of our everyday lives! However, what happens if you cannot make your own financial or legal decisions due to disability or incapacity? Appointing a guardian in your estate plan helps ensure that a trusted individual will make these important decisions on your behalf if there comes a time when you cannot do so.

Do It Now: Name a Guardian for Your Minor Children

Posted by Mona O'Connor | Oct 18, 2024 | 0 Comments

Your job as a parent is to provide for and protect your children. But who takes on that role if you are no longer around? If you have not taken the appropriate steps to nominate a guardian for your minor children, now is the time to take action. This crucial decision ensures that your voice will be heard when a judge determines who will care for your minor children.

Won’t My Spouse and Kids Inherit Everything When I Die?

Posted by Mona O'Connor | Sep 18, 2024 | 0 Comments

It’s easy to assume all of your money and property will automatically go to your spouse and children when you pass away, but without a will, inheritance distributions can vary by state and may not actually meet your expectations. Read this article to discover how state laws might impact your family if you were to die without a proper estate plan.

Incapacity Planning and Pets

Posted by Mona O'Connor | Sep 18, 2024 | 0 Comments

This blog emphasizes the necessity for pet owners to incorporate their pets into estate plans. Many overlook provisions for their pets in cases of incapacity, which can jeopardize their animals' welfare. With increasing pet ownership and spending, establishing pet trusts and designating caretakers ensures that pets receive proper care. It urges pet owners to formalize their plans to safeguard their beloved companions' future.

Can Someone Else Pay for My Estate Plan?

Posted by Mona O'Connor | Sep 18, 2024 | 0 Comments

This blog highlights the crucial need for estate planning among all adults, noting that many avoid it due to perceived costs. It explains that having someone else pay for an estate plan can ease financial worries but emphasizes that attorneys focus on the interests of the plan creator. Effective communication is key when a third party covers expenses. Ultimately, the post encourages readers to take advantage of financial assistance to establish or update their estate plans, ensuring their wishes are fulfilled.

3 Ways to Manage the Cost of Your Estate Plan

Posted by Mona O'Connor | Sep 18, 2024 | 0 Comments

This blog emphasizes the necessity of working with an experienced attorney for effective estate planning. It discusses how proper planning can protect your wishes and loved ones, while also providing strategies to help manage legal costs. Investing in a solid estate plan is crucial for ensuring your intentions are followed and safeguarding your family’s future.

What Is a General Power of Appointment?

Posted by Mona O'Connor | Sep 04, 2024 | 0 Comments

This blog discusses the general power of appointment in estate planning, which allows a trusted individual to manage asset distribution after the original owner’s death. This tool provides flexibility to adapt to changing circumstances and highlights key features and tax benefits, ensuring the estate plan remains relevant over time.

What Conditions Can I Put on My Child’s Inheritance?

Posted by Mona O'Connor | Sep 04, 2024 | 0 Comments

The blog outlines how parents can use conditional gifts in estate planning to guide their children's financial behavior. Parents can set specific conditions for accessing inheritance, but these must be clear and legally enforceable to avoid court invalidation. Consulting an estate planning attorney is vital to ensure conditions align with legal standards while honoring parental intentions.

Can I Leave My Spouse Out of My Estate Plan?

Posted by Mona O'Connor | Sep 04, 2024 | 0 Comments

The article examines the difficulty of disinheriting a spouse, noting that most states grant them a statutory share of the estate, which cannot be waived without a prenuptial or postnuptial agreement. In community property states, assets are jointly owned, complicating matters further. While individuals can choose different agents for financial and medical decisions, clear communication with a spouse is crucial. Consulting an attorney can help navigate these complex laws effectively.

3 Famous Pet Trust Cases and the Lessons We Can Learn from Them

Posted by Mona O'Connor | Aug 27, 2024 | 0 Comments

Pet trusts are not just for celebrities with excess funds—they are a helpful tool to protect all beloved family animals! But important lessons can still be learned from famous pet trust cases. These three stories illustrate the significance of thoughtful estate planning and can help guide your decisions when planning for your pet’s future.

Myths and FAQs: Planning for Millennials

Posted by Mona O'Connor | Aug 01, 2024 | 0 Comments

Estate planning is important for millennials because it allows them to have control over who will inherit their assets and make decisions on their behalf if they become incapacitated. Without a proper estate plan, their assets may be distributed according to state law, which may not align with their wishes. Ultimately, estate planning provides peace of mind and ensures that millennials have a say in their financial and healthcare decisions.

Are You Ready to Move Away from Home?

Posted by Mona O'Connor | Aug 01, 2024 | 0 Comments

This blog emphasizes the importance of estate planning as you move away from home and enter adulthood. It highlights the need to plan for the future, even at a young age, and provides information on different aspects of estate planning, such as powers of attorney and living wills. The blog encourages young adults to include estate planning on their checklist before moving out to take control of their future.

Why Snow White’s Father Should Have Had an Estate Plan

Posted by Mona O'Connor | Jul 24, 2024 | 0 Comments

This blog uses the story of Snow White to highlight the importance of estate planning to protect inheritances, appoint guardians, and ensure loved ones are taken care of after death. It emphasizes the need for legal tools like a last will and testament or a revocable living trust to avoid probate and achieve a happy ending for family members.

  • 1 of 14

Contact Us Today for Legal Help

If you need to plan for your family’s future or you find yourself in court, you need the best. Time to give us a call. We guarantee you excellent customer service, a relaxed atmosphere and personalized attention. Schedule your appointment today.

Office Location

10751 W. 165th St.
Suite 101
Orland Park, IL 60467

708-460-8888
708-460-8887 (fax)
OPERATING HOURS
Mon, Tue, Wed, Thu, Fri: 8:30am - 5:00pm

Menu