Estate Planning for Parents of Young Children — Why You Need a Trust


Taking the time to create a comprehensive estate plan is important for every adult; however, once you become a parent it takes on a heightened importance. Naturally, as a parent, you want to make sure your child is well cared for in the event that something happens to you. You should consult with an experienced estate planning attorney to decide what specific components you need in your plan now that you are a parent. The Waukegan trust attorneys at Hedeker Law, Ltd, however, explain why a common addition for parents of young children is a trust. Why Your Last Will [Read more…] The post Estate Planning for Parents of Young Children Why You Need a Trust appeared first on Hedeker Law.
https://hedekerlaw.com/estate-planning-for-parents-of-young-children-why-you-need-a-trust/

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Asset Protection Planning — Protecting against Divorce


No one enters into a marriage planning for the marriage to end. The reality, however, is that about half of all first marriages do end in divorce in the United States. The divorce rate is even higher for second, and subsequent, marriages. If you have significant and/or sentimental assets, and you are planning to marry, you need to take steps to protect those assets against the possibility of divorce. You can do that by including asset protection planning in your comprehensive estate plan. How Does Divorce Threaten Your Assets? When you are deeply in love and seeing life through the [Read more…] The post Asset Protection Planning Protecting against Divorce appeared first on Hedeker Law.
https://hedekerlaw.com/asset-protection-planning-protecting-against-divorce/

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-2/

How Do I Know If I Need More than a Simple Will?


For most people, a Last Will and Testament is the first estate planning document they create. That Will may continue to serve as the foundation of their estate plan in the years to come, or it may be replaced as the foundation document by a trust agreement. For some people, a simple Will by itself is sufficient; however, most people find that they need more than just a simple Will at some point. How do you know when you have reached the point where a simple Will is no longer enough? The Lincolnshire estate planning lawyers at Hedeker Law, Ltd., [Read more…] The post How Do I Know If I Need More than a Simple Will? appeared first on Hedeker Law.
https://hedekerlaw.com/how-do-i-know-if-i-need-more-than-a-simple-will/

5 Ways Estate Planning Lawyers Can Help You


Hopefully, you recognize the need to have a comprehensive estate plan in place as well as the advantages to working with an experienced estate planning attorney during the creation of that plan. What you may not know, however, are the numerous and varied other ways that estate planning lawyers can help you. Learning some of the additional ways in which an estate planning lawyer can help you may be beneficial to you now and/or in the future. Trust Administration A trust is a relationship whereby property is held by one party for the benefit of another. A trust is created [Read more…] The post 5 Ways Estate Planning Lawyers Can Help You appeared first on Hedeker Law.
https://hedekerlaw.com/5-ways-estate-planning-lawyers-can-help-you/

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/

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/