Author Archives: editor

PROTECTING YOUR DIGITAL ASSETS FOR YOUR HEIRS

As more of our lives are spent online, it is crucial that you ensure the seamless transition of your digital assets. Through comprehensive estate planning, you can arrange to have your digital property managed and administered in the event of incapacitation and also ensure the smooth transfer of digital assets to your beneficiaries upon your […]

GUEST POST: YEAR-END CHARITABLE GIVING STRATEGIES TO MAXIMIZE YOUR IMPACT AND BENEFITS

by Michael R. Sitrick, JD, CFRE Executive Vice President for Advancement | DuPage Foundation With fall upon us, it’s time to begin firming up your year-end charitable giving plans to ensure your goals are accomplished by the end of the 2021 tax year. While there are many factors to consider and keep an eye on this year—particularly with […]

PROPOSED ESTATE TAX CHANGES

by Mitha Rao, JD, managing attorney, Rao Legal, LLC and Ryan Johnson, CPWA, Private Wealth Advisor, BMO Wealth Management** The Biden Administration’s economic agenda has a heavy focus on social spending and the current proposal, approved by the House Ways and Means Committee on 9/13/21, will fund some of the spending by rolling back the Tax and […]

ADVANCE DIRECTIVES: THE BEST TIME TO GET STARTED IS NOW!

“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 […]

HOW TO DISCUSS ESTATE PLANNING DURING THE HOLIDAYS

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 […]

​3 YOGA POSES TO HELP YOU COPE WITH STRESS

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 […]

PART II: ADDITIONAL CONSIDERATIONS FOR YOUNG FAMILIES.

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 […]

PART I: ESTATE PLANNING FOR YOUNG FAMILIES DURING OUR CURRENT TIMES.

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 […]

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