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Using gifts as an estate planning strategy

Individuals planning their estate are likely to have questions regarding their tax implications. For most people, it is important to pass on as much as possible to their heirs while limiting tax liability where they can. Using gifts to reduce estate tax liability is a...

Estate planning for first-time parents

Whether adopting or giving birth to a new baby, expectant parents put a lot of energy into preparing for their new love. In addition to setting up a nursery, buying diapers, taking birthing or parenting classes, moms and dads should take the opportunity to update or...

Estate planning and retirement accounts

If you are in the middle of creating an estate plan, or you are thinking about changing your estate plan, it is important to carefully consider your retirement accounts. These accounts can affect your estate and your finances in many ways and if you are aware of any...

How does probate work in Illinois?

Depending on the size of your estate, your last wishes may require probate. With this process, the court supervises the payment of estate debts and the passage of assets to your heirs. Review the probate process in Illinois to inform your estate plan. Formal probate...

Drug manufacturing laws in Illinois

Manufacturing drugs in Illinois can result in harsh penalties and collateral consequences. So, pleading guilty may not be a defendant's best option, even if there seems to be enough evidence for a conviction.  A person facing charges should know these facts about...