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...
By Ben A. Neiburger, Attorney, Generation Law When we marry, we promise to love each other in sickness and in health without really thinking too much about what the “in sickness” part could mean down the road. At Generation Law,...
What if one morning you woke up and couldn’t get out of bed, or put your thoughts together to make yourself understood? If you or someone you love lost the ability to care for yourself, would your interests be protected?...
By Sandra Schildgen It’s heartbreaking to see a loved one battle dementia or any other degenerative disease. On top of the emotional toll it takes, caregiving for a loved one is a full-time job – and life often gets in...
If I pay for my mom’s medication, will I still have enough to pay my daughter’s college tuition bill? Will I be able to make my son’s Little League game after taking my dad to the doctor? How do I...
It’s a busy spring for Generation Law as we share planning tips at events across Illinois. Here’s where you can catch us: On April 13, attorney Melissa Johnson shares strategies for creating powers of attorney during the Huntington’s Disease Society...
By: Melissa Johnson, Partner, Generation Law I do not know an attorney or estate planner out there who does not have a horror story about a client who tried to draft a will or trust on their own. While the...
Are you haunted by what you have or haven’t done with your will? Many people who have had a will drawn up confess they aren’t really sure what they signed. Others don’t follow through on important next steps that cause...