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Powers of Attorney – The Forgotten Estate Planning Documents
Jun 20

Powers of Attorney – The Forgotten Estate Planning Documents

One of the most important, but most often overlooked estate planning documents, are the Powers of Attorney. Powers of Attorney fall into one of two categories:…

Enhancing Special Needs Estate Planning – The ABLE Act in Illinois
Jun 12

Enhancing Special Needs Estate Planning – The ABLE Act in Illinois

In a time when advances in medicine are providing longer, more fulfilling lives for our family members with special needs, it is more important than ever…

Rethinking the Reverse Mortgage
May 30

Rethinking the Reverse Mortgage

The Reverse Mortgage has gotten a bad reputation in the time since it was first created by the Federal Housing Administration in 1988. The mere mention…

Inherited IRAs Are Not Protected Unless…….
May 11

Inherited IRAs Are Not Protected Unless…….

In the past, creditor protection was afforded to your IRA and to the beneficiaries that would inherit your IRA, such as your children.  However, in June…

First Party and Third Party- The  2 Types of Special Needs Trusts
May 07

First Party and Third Party- The 2 Types of Special Needs Trusts

A Special Needs Trust ("SNT") or Supplemental Needs Trust is a certain type of trust which can be used for goods and services that governmental programs will…

Asset Protection is Less Complicated Than You Think
Apr 17

Asset Protection is Less Complicated Than You Think

When clients think about Asset Protection Off-shore trusts or some elaborate scheme of trusts and other entities usually come to mind.  However, there are several vehicles that…

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