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.
For many people, one of the primary reasons for creating an estate plan is to provide for loved ones, specifically children, in the event of their death. If you are one of those people, you have probably gone to great lengths to create a Last Will and Testament or trust agreement that is very clear with regard to who your children are and what you wish them to receive from your estate. What happens, however, if you have another child after you execute your Will? What happens if a child of yours is born after your death? Or the biggest [Read more…] The post Waukegan Estate Planning Attorneys Discuss After-Born Children appeared first on Hedeker Law.
When you think about estate planning, you likely think about devising a plan for the distribution of your estate assets after your death. Traditional estate planning does just that; however, you may want to pass down more than just your material wealth. What about intangible concepts such as your values, beliefs, ideals, and your faith that may have helped guide you over the course of your lifetime? Don’t you want to pass those down to future generations as well? With that in mind, a Vernon Hills legacy planning attorney asks you: “What legacy do you want to leave behind?” Traditional [Read more…] The post Vernon Hills Legacy Planning Attorney Asks You : What Legacy Do You Want to Leave Behind? appeared first on Hedeker Law.
Inheritance planning is something that every adult should think about and discuss with an experienced estate planning attorney. For the parents of minor children, however, inheritance planning takes on a heightened importance for several reasons. Although no parent wants to dwell on the possibility that something could take them away from their children, the reality is that death or incapacity could do just that at any time and without warning. If you have minor children, and you have yet to focus on inheritance planning, now is the time to gets started. What Is Inheritance Planning? The term “inheritance planning” is [Read more…] The post Inheritance Planning for Parents with Minor Children appeared first on Hedeker Law.
Estate planning, when done properly, involves a number of inter-related goals and objectives that all come together in one cohesive plan. Although the primary reason for your estate plan might be to ensure that your estate assets are distributed according to your wishes after you are gone, that is likely not your only goal. In addition, there are a number of other considerations that can have a direct impact on that goal. For example, have you considered the impact your estate’s liquidity will have on your overall estate plan? To ensure that you do, the estate planning lawyers at Hedeker [Read more…] The post Estate Planning Lawyers Explain Why Estate Liquidity Is So Important appeared first on Hedeker Law.
One of the most common misconceptions when it comes to inheritance planning is that you need to have a large estate before an estate plan becomes necessary. Nothing could be farther from the truth. Every adult should have at least a basic inheritance plan in place. As your estate, and your family, grow you will definitely want to expand and build on that basic plan; however, there are several reasons why you should have a basic estate plan without regard to the size of your estate. As a Lincolnville inheritance planning attorney explains, keeping the state out of your estate [Read more…] The post Lincolnville Inheritance Planning Keeping the State Out of Your Estate appeared first on Hedeker Law.
Hopefully, you are aware of the importance of having an estate plan in place. Despite that awareness, you may have put off creating your plan. Like many people, the concept of estate planning may be a bit intimidating given the importance of the final product and the fact that you are unfamiliar with many of the concepts and strategies. Because we understand that, the Vernon Hills estate planning lawyers at Hedeker Law Ltd have made estate planning more user-friendly by creating the following 10 steps to creating an estate plan. Define your goals. A comprehensive estate plan should accomplish more [Read more…] The post Vernon Hills Estate Planning Lawyers Explain 10 Steps to Creating an Estate Plan appeared first on Hedeker Law.