The millennial generation has turned many concepts that previous generations held onto upside down. While there are several positive things that may come from this, there are times when Illinois millennials could learn from their older counterparts. One of the things that many young people mistakenly associated with something needed only by their grandparents or maybe their parents is an estate plan.
If you are one of the many people in Illinois who are preparing to get married for the second or subsequent time, you likely know and appreciate how precious a marriage and family is. In addition to taking vows and sharing a daily life with someone, another way to show your love for a spouse and your other family members is to have plans in place to help them after you die. A solid estate plan can take a big load off of people already struggling to adjust to life without you.
As you have been making plans for the future at the start of a new year, we at Mockaitis Law recently cautioned you against a number of common estate planning errors made in Illinois.