BLOGS

WHAT IS A FAMILY LETTER?

April is National Letter Writing Month. While letter-writing has largely gone by the wayside with the advent of email, texting and social media, one letter you may want to consider still writing is a so-called “Family Letter.” What is a Family Letter? It is a letter you write to your family, to be read by them after your death or disability. But why write one? If you have already executed, or are considering creating, a Will, a Trust, Powers of Attorney, or any other estate planning documents, you should think about the reactio...Read More
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UNEXPECTED MEDICAL EMERGENCIES

ARE YOU PREPARED FOR THE UNEXPECTED? We all have schedules and appointments to keep. Our days are filled with work and family responsibilities, important meetings, get-togethers with friends and family, and maybe even a little “downtime” here and there, if we’re lucky. We plan our lives, both for the short-term and the long-term. You may think you have it all figured out, that everything is under control and you’re running on auto-pilot to accomplish everything. That is when the unexpected can happen. In all of your pl...Read More
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ESTATE PLANNING UPDATE: NEW TAX LAW

By now, you have probably heard plenty of news coverage about the Tax Cuts and Jobs Act of 2017 (“TCJA”).  The new law includes many changes to individual and corporate tax rates, deductions and other rules.  While there was also much discussion about repealing the federal estate tax, the final tax bill does not repeal estate tax.  Thus, there is still a federal estate tax.  Additionally, the Illinois estate tax remains unchanged. The TCJA doubled the federal estate/gift tax exemption for individuals, from $5 million to $10 milli...Read More
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WHAT ARE YOU THANKFUL FOR?

This week is Thanksgiving.  So what are you thankful for?  Family is at the top of most of our lists, and we will be spending time with family, enjoying each other’s company and plenty of delicious food!  No gifts are exchanged – just stories (both old favorites and new ones) and laughs, and maybe some recipes.  This time should be treasured, as family members often do not live near each other, and, therefore, don’t have many opportunities to be together. It is very sad when families are torn apart because of hard feelings resu...Read More
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WHAT CAUSES ARE IMPORTANT TO YOU?

There are so many good causes out there, and so many charitable organizations to serve them. What is important to you?  Perhaps it is research to find a cure for Alzheimer’s Disease, cancer or some other disease that claimed the life of a loved one. Or, maybe you want to save abused animals or the rainforests, help underprivileged children, or aid the victims of domestic violence or natural disasters. You may wish to provide funds to your religious organization to assist in meeting its needs, or to your alma mater to offer scholarships o...Read More
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