On behalf of Judith Trentman Wilson, Attorney at Law, P.C. | Oct 12, 2020 | estate planning
One of the most talked-about estate planning techniques of the last 10-15 years has been the special needs trust. Special needs trusts (SNT) in Illinois are used to shield assets from taxes and the spend-down provisions in laws such as Medicaid and Medicare. The...
On behalf of Judith Trentman Wilson, Attorney at Law, P.C. | Sep 11, 2020 | estate planning
There are many aspects of life in Illinois that are unexpected, but are still certainly possibilities. It is important to plan for these potential events. Many of them can be planned for through purchasing various forms of insurance. However, insurance cannot provide...
On behalf of Judith Trentman Wilson, Attorney at Law, P.C. | Jul 9, 2020 | estate planning
There are some important times in the estate planner’s life when they should consider updating their estate plan. Because an estate plan should not be set in stone, it is helpful for estate planners to know when they should update their estate plan. Estate plans are...
On behalf of Judith Trentman Wilson, Attorney at Law, P.C. | Jun 23, 2020 | estate planning
Many Illinois residents have taken the time to create an estate plan for their family. An estate plan is an important way for a person to share their wishes about what they want to do with their assets after they pass away. But besides the passing along of assets...
On behalf of Judith Trentman Wilson, Attorney at Law, P.C. | May 20, 2020 | estate planning
A will is an important part of an Illinois resident’s estate plan. It provides valuable information about where a decedent wants their property to go when they are no longer living. When an individual passes away without a will that communicates this important...
On behalf of Judith Trentman Wilson, Attorney at Law, P.C. | Mar 20, 2020 | estate planning
If your Illinois resident family member dies with no more than the shirt on his or her back and a mountain of credit card debt, the most straightforward answer is, “no.” However, life is rarely that uncomplicated. According to the Chicago Tribune, a couple of factors...
On behalf of Judith Trentman Wilson, Attorney at Law, P.C. | Jan 8, 2020 | estate planning
There are few legal restrictions on who can serve as the executor of an estate in Illinois. According to Kiplinger, an executor must be at least 18 years old and must gain the approval of the court. People with a history of a felony conviction are unlikely to receive...
On behalf of Judith Trentman Wilson, Attorney at Law, P.C. | Dec 11, 2019 | estate planning
Life does not stand still after you have drafted your last will and testament. There are many life-changing events that can happen to an Illinois resident, from divorces to remarriages, to births of new children and grandchildren, to the deaths of loved ones. So if...
On behalf of Judith Trentman Wilson, Attorney at Law, P.C. | Nov 13, 2019 | estate planning
Life insurance is something that should be a part of your estate plan. While you may think about it as only a way to provide for your loved ones, it is actually quite versatile. You can use life insurance in many ways within your Illinois estate plan. This means it is...
On behalf of Judith Trentman Wilson, Attorney at Law, P.C. | Oct 29, 2019 | estate planning
You perfectly comprehend the importance of estate planning for your end-of-life wishes in Illinois, which is why you have thought about wills, guardianship and the like. On the other hand, maybe you do not have a firm grasp of how much you can expect to spend on...
