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April 2017 Archives

Executor of will fights estate tax issues in circuit court

An Illinois man who is fighting state-mandated retroactive estate tax will be allowed to pursue his case in circuit court, according to a recent decision from a state appeals panel. The man has been fighting estate tax issues since 2011. He is the executor of an estate valued at $5 million - and he argues that it was unfairly taxed.

How to use estate planning to avoid challenges to your will

When it comes to setting up your estate plan, one of the most difficult topics can also be one of the simplest: How do you keep someone from challenging your will? Estate planning is designed to make the distribution of assets easier, but errant family members can cause headaches for Illinois clients. Here, we give you additional information on exactly who can challenge a will - and how you can keep your estate plan airtight to avoid a challenge.

The carrot stick of incentive trusts

If you are finding it difficult to get motivated about your estate planning, you are not alone. Many people are reluctant to spend time considering how life will go on after they have died, and this may be especially hard if you have potential heirs who may not be able to handle the inheritance you plan to leave.

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