Have you worked hard over the course of your lifetime to acquire the assets you now own? Do you save prudently and invest wisely to ensure that those assets are available for your retirement years and to pass down to loved ones when you are gone? If so, you also need make sure you are aware of the numerous ways in which those assets might be at risk. Moreover, you need to incorporate asset protection strategies into your estate plan to ensure that your assets are safe. To get you started, the Vernon Hills asset protection attorneys at Hedeker Law, [Read more…] The post Vernon Hills Asset Protection Attorneys Discuss How Your Assets May Be at Risk 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.
As both your assets and your family grow, your estate plan should grow with them. You will soon find that a simple Last Will and Testament is not sufficient to meet all of your estate planning needs and goals. One of the most common additions to an estate plan is a trust agreement. The type of trust you establish will depend on your goals and objectives. If you are married to a foreign national, or non-citizen, your estate planning attorney may suggest that you include a Qualified Domestic Trust, or QDOT. Only your Illinois estate planning attorney can help you decide [Read more…] The post Lincolnshire Asset Protection Attorneys Explain How a QDOT Trust Works appeared first on Hedeker Law.
When you think about estate planning, you likely focus on decisions surrounding the division of your estate assets when you are gone and the desire to provide for loved ones with those assets. Your estate plan, however, should do more than simply create a roadmap for the distribution of your estate assets. It should also include strategies for growing and protecting those assets over the course of your lifetime. In fact, without incorporating asset protection strategies into your estate plan now, you might not have any assets left to pass down when you die. To help you get started protecting [Read more…] The post Lincolnshire Asset Protection Attorneys Offer Tips appeared first on Hedeker Law.