Category: Estate Planning


Do I Need a Lawyer to Plan My Estate?

  • Robert S. Thomas,
  •   Estate Planning
  •   Comments Off on Do I Need a Lawyer to Plan My Estate?

Your estate plan matters. It matters for your peace of mind and it matters for your family’s security. Unfortunately, some people fall into a trap when it comes to estate planning. This is the trap of relying on cheap online forms and services and attempting a do-it-yourself (DIY) approach. While it is true that there  … Read more

Removing a Person with Power of Attorney

  • Robert S. Thomas,
  •   Estate Planning, Probate
  •   Comments Off on Removing a Person with Power of Attorney

Part of responsibly planning for the future must involve what happens if you should become incapacitated or disabled to the point where you cannot competently make decisions for yourself. A power of attorney is a document designed to address this possibility, and Illinois law allows a person to name an “agent”, who has the power  … Read more

Looking at the Latest Federal Tax Plan

  • Robert S. Thomas,
  •   Estate Planning
  •   Comments Off on Looking at the Latest Federal Tax Plan

On November 2nd, Congress unveiled its latest proposal for the sweeping tax code reform that President Trump promised during his campaign. This plan is far from a finished product and has not made it to budget analysts or to the Senate. However, the GOP in the House and the Senate seem motivated to prove that  … Read more

Estate Planning with Privacy in Mind

  • Robert S. Thomas,
  •   Estate Planning
  •   Comments Off on Estate Planning with Privacy in Mind

In spite of this age of social media, we still take great effort to protect our personal privacy. Most of us don’t want everyone to know how much we make and how much we own. In addition, we go to great lengths to protect ourselves from identity theft and people who seek to rip us  … Read more

What are Void Transfers?

Caregivers who provide assistance to incapacitated people serve a vitally important role, whether it is in a part time or full time capacity. Under Illinois law, a caregiver is defined as “a person who voluntarily, or in exchange for compensation, has assumed responsibility for all or a portion of the care of another person who  … Read more

Permissible Investments By A Representative

  • Robert S. Thomas,
  •   Estate Planning, Probate
  •   Comments Off on Permissible Investments By A Representative
Permissible Investments by a Representative

An executor or administrator of an estate plays a critical role and wears many hats when an estate goes through probate. One of these roles is a fiduciary duty to oversee the decedent’s property in a reasonable and responsible manner. This includes deciding where to invest the decedent’s money during probate. A decedent’s will may  … Read more

Planning for Your Special Needs Child

  • Robert S. Thomas,
  •   Estate Planning
  •   Comments Off on Planning for Your Special Needs Child

  If you are raising a child with disabling special needs, you understand the depth of your love for your child, and learn the lengths you are willing to go for another person. There also comes a clearer focus and priority placed on planning for your family’s future. This is because long-term medical care is  … Read more

Keeping the Multi-Generational Home in the Family

  • Robert S. Thomas,
  •   Estate Planning
  •   Comments Off on Keeping the Multi-Generational Home in the Family

  Family is important. There is great value in retaining our lifelong bonds with people who share our DNA, the people we grew up with, and the people who raised us. In fact, there is a growing trend of multiple generations of family not just saying close, but actually living together. This doesn’t just include  … Read more

Estate Planning for Couples

  • Robert S. Thomas,
  •   Estate Planning
  •   Comments Off on Estate Planning for Couples
Estate Planning for Couples

When you get married, you become a part of a team. A team that lives together, grows with children, and works with the hope of one-day enjoying retirement together. Married couples also put their estate plan together. This is because estate planning is about securing the future for each other and for your children. If  … Read more

Creating a Plan for Charitable Giving

  • Robert S. Thomas,
  •   Estate Planning
  •   Comments Off on Creating a Plan for Charitable Giving
Creating a Plan for Charitable Giving

Many of us have causes that we are truly passionate about, causes that are personal, or that hit us at our moral core. We volunteer, we advocate, we fundraise, and we donate. Estate planning allows for us to continue our commitments to the causes we believe in. In fact, charitable giving can be a smart,  … Read more