Estate Planning Trend (or the Lack Thereof)

The sign is a clue to what a recent article in the Trusts & Estate section of WealthManagement.com identifies as a trend away from estate planning and, therefore, toward more probating of estates. (The Shift from Estate Planning to Estate Probating)  In other words, the author believes the national trend indicates a penchant for putting off doing estate planning. The…

New Law Makes Small Estate Administration In Illinois Easier

The handling of small estates has always been problematic. The probate process is not quick, or easy or cheap. The probate process can particularly be a burden on small estates. For years, the State of Illinois has provided an alternative mechanism for handing small estates, but the limitations excluded many estates that might otherwise qualify, making it…

The ABC's of Estate Taxes

Benjamin Franklin famously remarked that “nothing can be said to be certain, except death and taxes.”  In fact, sometimes death and taxes go together.  The federal government and state governments impose estate taxes on the assets people own when they die. That is the bad news. The good news is that most people will not be…