Every adult should have at least a basic estate plan in place. For some adults, however, estate planning takes on a heightened importance. This has traditionally been the case for members of the LGBT community; however, in light of the fact that same-sex marriage is now legal across the United States, is LGBT planning still necessary? The Lincolnshire estate planning attorneys at Hedeker Law Ltd. explain why it remains important for members of the LGBT community to have a comprehensive estate plan in place. We’ve Come a Long Way… As members of the LBGT community and their supports know, it [Read more…] The post Lincolnshire Estate Planning Attorneys Is LGBT Planning Still Necessary? appeared first on Hedeker Law.
If you recently lost a family member or close loved one, you are undoubtedly trying to manage the emotional aftermath of your loved one’s death. At a time like this, the last thing most people want to focus on is legalities; however, someone must handle the legal and practical ramifications of your loved one’s death. Specifically, the decedent’s estate must be probated. If you are charged with handling the probate of the estate, the first thing you y need to do is decide which type of probate is required. To help you make that decision the Lincolnshire probate attorneys at [Read more…] The post Lincolnshire Probate Attorneys Explain the Different Types of Probate appeared first on Hedeker Law.
When you contemplate your estate plan, the first thing that comes to mind is probably a Last Will and Testament. Most people associate a Will with estate planning; however, there is another option for the foundation of your estate plan – a trust agreement. In fact, there are a number of benefits to using a trust instead of a Will as your primary estate planning document. To help you make the right decision for your plan, the Lincolnshire living trust lawyers at Hedeker Law, Ltd. explain the benefits of using a trust instead of a Will. Estate Planning Basics Like [Read more…] The post Lincolnshire Living Trust Lawyers Explain the Benefits of Using a Trust Instead of a Will appeared first on Hedeker Law.
You have probably listened to well-meaning friends and family members tell you how important it is for you to have at least a basic estate plan in place. If you are like over half of all Americans, you have yet to create a plan despite listening to their well-intentioned advice. Sometimes, the best way to impress upon someone the importance of doing something is to explain what will happen if they don’t do it. With that in mind, the Lincolnshire probate attorneys at Hedeker Law, Ltd. explains what happens to an estate if there is no Last Will and Testament. [Read more…] The post Lincolnshire Probate Attorneys Explain What Happens to an Estate If There Is No Will appeared first on Hedeker Law.
Your Last Will and Testament will likely serve as the cornerstone of your estate plan; however, if you create a more comprehensive plan, you will undoubtedly include additional estate planning tools and strategies. One of the most common of those estate planning tools is a trust agreement. Trusts have become increasingly popular in recent years due, in large part, to the flexible nature of the trust and the numerous estate planning goals that can be achieved using a trust. If you are contemplating the addition of a trust to your estate plan, be sure to avoid making a common mistake [Read more…] The post Lincolnshire Trust Administration Lawyers Offer Tips for Choosing a Trustee appeared first on Hedeker Law.
In the United States, over half of all adults do not have an estate plan in place, despite understanding the importance of having a plan. When asked about why they have yet to create their estate plan, one of the most commonly given responses is that the entire concept is intimidating. This is understandable given the fact that most estate planning concepts and terms are not used outside of estate planning. In an effort to introduce you to some of those concepts and terms, the Lincolnshire estate planning lawyers at Hedeker Law, Ltd. put together the following five frequently asked [Read more…] The post Lincolnshire Estate Planning Lawyers Answer 5 Common Questions appeared first on Hedeker Law.
If you are married, you undoubtedly wish to protect, and provide for, your spouse in your estate plan. To do that, you also need to ensure that your estate assets are protected within your estate plan first. Specifically, you need to be aware of the impact federal gift and estate taxes could have on your estate if you fail to include tax avoidance strategies and tools in your comprehensive estate plan. Protecting and providing for your spouse within your estate plan becomes a bit more complicated when your spouse is a non-citizen. One tool people often use in this situation [Read more…] The post Lincolnshire Asset Protection Attorneys Explain How a QDOT Trust Works appeared first on Hedeker Law.