Lincolnshire Estate Planning Lawyers Explain the Role of Executor


If you have a valid Last Will and Testament in place, the odds are good that your appointed someone very close to you  (spouse, adult child, best friend) to be the Executor of your estate. While that choice isn’t always a poor one, it often is. The problem is that most people do not really know what probate entails. As such, they give very little thought to the appointment of their Executor when, in fact, your Executor will directly and usually significantly impact how your estate is handled after you are gone. To ensure that your estate is handled as [Read more…] The post Lincolnshire Estate Planning Lawyers Explain the Role of Executor appeared first on Hedeker Law.
https://hedekerlaw.com/lincolnshire-estate-planning-lawyers-explain-role-executor/

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Waukegan Estate Planning Attorneys Explain Gift and Estate Taxes


Estate planning, when done correctly, should accomplish more than just deciding how you want your estate assets to be distributed when you are gone.  It should also protect and help grow your assets while you are alive and plan for those assets to help provide for loved ones after your death. One important factor in accomplishing those goals is the impact gift and estate taxes will have on your estate. To help you understand that impact, the Waukegan estate planning attorneys at Hedeker Law Ltd. explain gift and estate taxes. What Is the Federal Gift and Estate Tax? The federal [Read more…] The post Waukegan Estate Planning Attorneys Explain Gift and Estate Taxes appeared first on Hedeker Law.
https://hedekerlaw.com/waukegan-estate-planning-attorneys-explain-gift-estate-taxes/

Lincolnshire Estate Planning Attorneys Remind You to Update Your Plan


Most people understand that having an estate plan in place is important. Despite acknowledging this, less than half of all Americans actually have a plan.  If you are among those who have taken the time to create your estate plan, you are a step ahead of many of your friends and neighbors. More importantly, you can rest easy knowing that you, your loved ones, and your assets are all protected. Or can you? If you created your plan several years ago, and you have not updated your plan since it was created, it may not provide you the level of [Read more…] The post Lincolnshire Estate Planning Attorneys Remind You to Update Your Plan appeared first on Hedeker Law.
https://hedekerlaw.com/lincolnshire-estate-planning-attorneys-remind-you-to-update-your-plan/

Estate Planning Lawyers Urge You to Choose Fiduciaries Wisely


Although you may not realize it, one of the most important aspects of creating your estate plan is appointing the right people to fill the fiduciary positions within your plan. In fact, one of the most common reasons for an estate plan to fail to work as expected is choosing the wrong person for an important position within the plan. People frequently appoint a spouse, family member, or close friend to fiduciary positions based solely on the close relationship. The problem often lies in the fact that most people do not really know what these fiduciary roles entail nor the [Read more…] The post Estate Planning Lawyers Urge You to Choose Fiduciaries Wisely appeared first on Hedeker Law.
https://hedekerlaw.com/estate-planning-lawyers-urge-choose-fiduciaries-wisely/

Lincolnshire Estate Planning Lawyers Offer an Executor’s Checklist


Were you notified that a recently deceased loved one named you as the Executor of his or her estate? If so, you may be struggling to focus on the duties and responsibilities an Executor has during the probate of an estate giving the fact that you are undoubtedly also still grieving the loss of your loved one. If you have never served as an Executor before, you may not even know where to begin. To help you organize your responsibilities, the Lincolnshire estate planning lawyers at Hedeker Law, Ltd. have put together an Executor’s checklist that you may find beneficial. [Read more…] The post Lincolnshire Estate Planning Lawyers Offer an Executor s Checklist appeared first on Hedeker Law.
https://hedekerlaw.com/lincolnshire-estate-planning-lawyers-offer-executors-checklist/

Estate Planning Attorneys Explain Why You Don’t Want to Die Intestate


Surveys tell us that the vast majority of Americans understand the need for estate planning. Despite this, over half of all Americans do not have an estate plan in place.  People offer a variety of explanations for their apparent procrastination, including the belief that they don’t need an estate plan yet and not have the time and/or money to devote to creating a plan. Sometimes, the best way to convince someone that they need to do something is to explain what happens if they don’t do it.  With that in mind, the estate planning attorneys at Hedeker Law Ltd. explain [Read more…] The post Estate Planning Attorneys Explain Why You Don’t Want to Die Intestate appeared first on Hedeker Law.
https://hedekerlaw.com/estate-planning-attorneys-explain-dont-want-die-intestate/

Vernon Hills Estate Planning Lawyers Explain 10 Steps to Creating an Estate Plan


Have you put off creating your estate plan because you don’t know where to start? Or maybe because you aren’t sure what components you should include in your plan? If either, or both, of those apply to you, you are not alone. Surveys tell us that over half of all Americans have yet to create an estate plan, despite understanding the importance of having one in place. Like you, most of those people admit that not knowing where to start and/or what to include in the plan is the reason for their procrastination. Working one on one with an experienced [Read more…] The post Vernon Hills Estate Planning Lawyers Explain 10 Steps to Creating an Estate Plan appeared first on Hedeker Law.
https://hedekerlaw.com/vernon-hills-estate-planning-lawyers-explain-10-steps-creating-estate-plan-2/