As 2020 comes to a close, we may be impatient to move beyond this year. It has been an especially difficult and uncertain year, and we may be eager to let go of it and look ahead. These sentiments are understandable. However, the year-end holidays are often a good time to complete or review your […]
Yearly Archives: 2020
“I’m sorry, but you need capacity to execute advance directives.” As I heard a sigh on the other end, I relived a painful scenario all too familiar to estate planning and elder law attorneys. The dreaded conversation in which you have to inform an already overwhelmed individual that her family must go to court to […]
As the holiday season nears, we continue to live with our “new normal.” This year’s holiday celebrations will involve virtual conversations and social distancing. Even still, they are a good time to reflect on your planning goals and/or begin conversations with loved ones about their planning needs. We recognize that estate planning isn’t an easy […]
We are pleased to share a guest post from Dr. Madhu Guliani, MD. Dr. Guliani is a board-certified internist and a certified yoga teacher. She received her 200-hour certification in yoga from the Himalayan Institution of Yoga and Meditation. For the past year, she has been practicing medicine via telehealth and offering free online yoga […]
In Part I of our blog series for young families, we focused on outlining planning considerations that can help determine which type of estate plan is optimal. In Part II of this series, we outline some tailored options that may help families customize their plan more thoroughly. 1. Uniform Transfer to Minors Act. A minor […]
This month, we published Part II of our estate planning blog series for young families. We are also thrilled to share a guest post from Anne Haag. Anne Haag is a Practice Management Advisor at the Chicago Bar Association. Anne worked as a patent paralegal at a Chicago IP firm before arriving at the CBA in 2017 as the […]
During our current times, young families are prioritizing estate planning. We hope to empower these families with the know-how to select an optimal estate plan. In Part I of our blog series, we outline estate planning considerations. We also encourage you to execute advance directives (which we previously wrote about here). Your advance directives and your […]
As we navigate our serious and surreal reality, we are spending more time at home. This provides a good opportunity to have discussions with your family about planning for your future. Indeed, I often hear families say that estate planning involves more thought than they had anticipated. That’s because a good estate plan depends on […]
The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) was signed into law on December 20, 2019 by President Donald Trump. This new federal law significantly changes the landscape for retirement account planning. Here are some major changes that could impact your estate plan: Most non-spouse beneficiaries cannot stretch distributions over […]