Top Estate Planning Mistakes


Creating a well thought out estate plan is one of the best gifts you can give to yourself and to your loved ones. If you are new to estate planning, however, it is easy to make a mistake. In an effort to prevent you from making one of those mistakes, the Lincolnshire estate planning attorneys at Hedeker Law. Ltd. discuss the top estate planning mistakes. Waiting Too Long to Start Planning One of the biggest misconceptions when it comes to the need for estate planning is the idea that you need to reach a certain point in your life or [Read more…] The post Top Estate Planning Mistakes appeared first on Hedeker Law.
https://hedekerlaw.com/top-estate-planning-mistakes/

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Waukegan Special Needs Planning Concerns


If you are the parent of a child with special needs, you need to address your child’s needs in your estate plan to ensure that he or she is well protected both during your lifetime and after you are gone.  The Waukegan special needs planning attorneys at Hedeker Law, Ltd. understand the unique estate planning concerns that the parent’s of a child with special needs face. By including a special needs planning component in your comprehensive estate plan now you can address each of those concerns in a way that provides much needed legal and financial protection for your child. [Read more…] The post Waukegan Special Needs Planning Concerns appeared first on Hedeker Law.
https://hedekerlaw.com/waukegan-special-needs-planning-concerns/

Can My Estate Avoid Probate?

When you think about estate planning, you likely focus on ensuring that the distribution of your estate assets after you are gone occurs according to your wishes. A well thought out estate plan, however, can do much more. For example, have you given any thought to the legal process that your estate will have to go through after your death? This process, known as “probate” can be time-consuming and expensive. The good news is that your estate may be able to avoid probate with careful estate planning. What Is Probate? Most people leave behind an estate when they die. That [Read more…] The post Can My Estate Avoid Probate? appeared first on Hedeker Law.
https://hedekerlaw.com/can-my-estate-avoid-probate/

How Can a Special Needs Planning Lawyer Help Me?


Planning for the future takes on a heightened importance if you are the parent of a child with special needs. As a parent, you undoubtedly want to provide for your child, both while you are here and after you are gone. Doing so, however, takes careful planning when your child has special needs because consideration must be given to your child’s continued eligibility for state and federal assistance programs. The key to ensuring that your child will benefit from both your assets and the assistance of programs such as Medicaid and Supplemental Security Insurance (SSI) is to work with a [Read more…] The post How Can a Special Needs Planning Lawyer Help Me? appeared first on Hedeker Law.
https://hedekerlaw.com/how-can-a-special-needs-planning-lawyer-help-me/

Lincolnshire Estate Planning Lawyers Explain How a Life Insurance Trust Can Help


Although every estate plan is as unique as the person who creates the plan, there are some estate planning tools and strategies that are commonly found in an estate plan. A trust is at the top of that list. Although once used almost exclusively by very wealthy families as a way to pass down the family fortune without paying taxes on the transfer, both the law and trusts have evolved over time to the point where the average person can benefit from including a trust in his/her estate plan. One specific type of trust, a life insurance trust, can be [Read more…] The post Lincolnshire Estate Planning Lawyers Explain How a Life Insurance Trust Can Help appeared first on Hedeker Law.
https://hedekerlaw.com/lincolnshire-estate-planning-lawyers-explain-how-a-life-insurance-trust-can-help/

What Estate Planning Attorneys Want You to Know


When asked, most people will admit to understanding the importance of having an estate plan in place as well as understanding the purpose of an estate plan. Despite this, over half of all Americans do not have a plan in place. One of the most commonly given reasons for the lack of planning boils down to the simple fact that estate planning is a rather mysterious concept that can be intimidating for the uninitiated. In an effort to encourage more people to get started with their estate plan by taking some of the mystery out of the process, the estate [Read more…] The post What Estate Planning Attorneys Want You to Know appeared first on Hedeker Law.
https://hedekerlaw.com/estate-planning-attorneys-want-know/

Waukegan Estate Planning Lawyers Explain How to Contest a Will


When a loved one dies, a period of grieving and heightened emotions typically follows. There are also practical and legal steps as well, however, that follow a death. To begin with, the decedent’s Last Will and Testament must be submitted to the appropriate court as part of the probate process. What should you do, however, if you question the authenticity of the Will submitted for probate? The Waukegan estate planning lawyers at Hedeker Law, Ltd. explain how to contest a Will. What Is Probate? When an individual dies, the decedent’s estate is required to go through probate. If a Will [Read more…] The post Waukegan Estate Planning Lawyers Explain How to Contest a Will appeared first on Hedeker Law.
https://hedekerlaw.com/waukegan-estate-planning-lawyers-explain-contest-will/