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In our past articles on estate planning, we have primarily discussed the Revocable Trust, which allows your estate to avoid probate but does not protect your estate from creditors. If you are interested in using estate planning in order to shield certain assets from your creditors, two other vehicles may be useful: (1) the Family Limited Partnership; and (2) the Irrevocable Trust.
September 5, 2024
When it comes to Illinois estate planning, one important decision is whether or not a trustee should be designated as the beneficiary of a life insurance policy. Understanding the implications of this choice and how trustees work with beneficiaries in handling an estate’s affairs is crucial. This article will guide you through navigating the legal landscape in Illinois when considering making your trustee the beneficiary of your life insurance policy as part of your overall estate plan.
September 5, 2024
In this article we will be discussing What Are the Requirements to Execute a Valid Will and Other Estate Planning Documents and we answer the questions of:
September 5, 2024
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