Having a loved one in long-term care can be pretty scary right now. Nursing homes are one of the main front lines in the fight against COVID-19, as the virus has overtaken many of these facilities. In fact, a whopping...
Wondering how the law will impact you and your family? The CARES Act has several provisions that could affect your planning, including: Relief payments. One of the most high-profile pieces of the legislation is a refundable tax credit against your...
The coronavirus outbreak has been especially hard on older adults, so having a plan in place can help you and your family rest easier during an uncertain time. However, most people aren’t covered – 72% of people don’t have a...
Over the past few months, we’ve discussed the overall scope of the new trust law and which rules you can change to meet your family’s needs. This month, we’re taking a closer look at the trustee role itself. If you’ve...
Those who have put off creating or updating their estate plans are now rushing to do so in the face of dire health concerns. Not sure what documents you need to protect yourself and your family? Start with the basics....
Under the new trust law, you have the power to change these rules: The ability to designate who is entitled to receive an accounting of trust prior to distribution and who can see which parts of the trust document after...
There are many traditions surrounding the start of a new year. Some leave you jumping for joy, others can leave you jumping up and down in frustration. As with every new year, a wave of new laws went into effect...
On January 1, 2020, there will be major changes to the law governing trusts in Illinois as it becomes the 39th state to adopt most of the Uniform Trust Code (UTC), an effort to harmonize state law on trusts. Each...
While you always want to be sure your estate plan is properly prepared and executed, it can be a little tricky when you’re making a gift to a child in your estate plan. Maybe you have a grandchild or a...
According to the U.S. Department of Health and Human Services, a person turning 65 has nearly a 70% chance of needing some type of long-term care for their remaining years. The problem is, how do you pay for it? The...
You may have heard about the minimum wage hike, the huge public works program, and the legalization of cannabis and sports-betting, but in the flurry of legislation recently passed by the Illinois State Assembly, which new laws will impact your...
Did you and your late husband have your first kiss in a forest preserve? Do you have favorite memories of duck hunting with your dad at Kankakee River State Park? If your loved one loved the outdoors, a new law...