Estate Planning
Property Ownership for Couples
In any relationship where the parties intend to jointly own or use property, legal advice is recommended to ensure that their intentions are clear and enforceable during their relationship and at its end by death or otherwise. Proper planning not only provides peace...
March Business Bytes
This month’s Business Bytes highlights elder assistance, auto insurance and estate/gift tax exemptions. Assisting An Elder. When it’s time to assist elderly relatives with their finances, the two simple legal options are a Power of Attorney or a Guardianship....
Special Needs Trust
Access to many of the government and charity funded programs for children and adults with special physical, emotional, or intellectual needs may only provide those benefits to persons on a financial need basis, and their receipt of gifts and inheritances could...
Eric Wilen Joins Presentation to DuPage County Estate Planning Council
Eric Wilen joined two other esteemed estate planning attorneys and presented a 3-hour workshop to members and guests of the DuPage County Estate Planning Council. The workshop was presented to members of the local estate planning community with a theme of knowing the...
Fiduciary Duties
A fiduciary is a legal term identifying a person or entity with a special legal relationship with another, imposing an obligation that the fiduciary act in the best interests of the other, its client. Parents, trustees, guardians, advisors, counselors, caretakers,...
Eric Wilen to Join Discussion Panel of Trust and Estate Attorneys
Eric Wilen will join a distinguished panel of trust and estate attorneys and bank legal counsel from the CIBC Bank for a panel discussion entitled “Why Won’t the Bank Accept My Client’s Power of Attorney? Understanding the Issues Facing Trust and Estate Lawyers and...
August Business Bytes
This month’s Business Bytes highlights gift/estate tax exemption, cyber insurance confusion and social media liability. Gift/Estate Tax Exemption. While the Taxpayer Relief Act of 2021 increased the $5,000,00.00/$10,000.00 estate tax and...
Eric Wilen to Speak to Trust and Estate Attorneys
Eric Wilen was selected to participate in a Speaker Panel for the Illinois State Bar Association Trusts and Estates Section in the program entitled “Why Won’t the Bank Accept My Client’s POA? Bank Issues for T&E Lawyers and T&E Issues for Bank Lawyers.” The...
The DuPage Estate Planning Council Honors Eric Wilen
Eric Wilen was honored by the DuPage Estate Planning Council for serving as president for 2022-2023. Eric will remain on the board as a past president. The DuPage Estate Planning Council is an organization of professionals including attorneys, trust officers, bankers,...
Gift Tax Exclusion
On January 1, 2023, the federal gift tax exclusion increased dramatically by $860,000.00 or $1,720,000.00 for couples, for a total of $12.06 million. This could dramatically affect your giving, funding trusts and leaving inheritances to children and grandchildren....
