Estates Archives - Naperville Law

Life and Estate Planning for You and Your Parents

by Brooks, Tarulis & Tibble | May 25, 2021 | Business Bulletins, Estates, Family Law, Trusts, Trusts & Estates

The death, disability and isolation caused by COVID-19 highlighted the need for parents and children to assess whether they have appropriate authority to care for the other’s financial and other needs if one is suffering from a medical disability or following their...

Helping Elderly Parents with a Power of Attorney

by Tim Penick | Apr 27, 2021 | Business Bulletins, Estates, Family Law, Trusts & Estates, Wills

As parents grow older and perhaps lose a spouse, children, other family members or even friends are often called on to help with financial and other decisions. In more drastic instances a legal guardian may have to be appointed by a Court, often causing unneeded...

Senior Living Contracts

by Brooks, Tarulis & Tibble | Dec 9, 2020 | Contracts, Estates, Family Law

For aging baby boomers there are a plethora of living options from senior communities to assisted care facilities to skilled nursing homes. Each has its own benefits, costs and amenities, and are all subject to a written contract. As the services and purposes of each...

Eric Wilen Presented a Seminar on the Basic Tax Concerns When Drafting Wills and Trusts

by Mark Schroeder | Mar 7, 2019 | Business Marketing, Estates, Firm News

Eric Wilen spoke at the National Business Institute full day seminar entitled “Step by Step Guide to Drafting Will and Trusts” on Friday, February 9, 2019. Because of Eric’s expertise in tax, he presented to attorneys, accountants, enrolled agents, trust officers and...

The Benefits of Planning

by Douglas Tibble | Dec 14, 2018 | Business, Estates, Family Law, Taxes, Trusts, Wills

Increasingly rapid changes in our economic life emphasizes the need to work with your lawyer and other professionals to create financial plans that protect your assets, maximize their potential and provide for efficient transfers. This is no longer merely drafting a...

Personal and Family Asset Protection

by Douglas Tibble | Jul 14, 2014 | Estates, Family Law, Individuals, Real Estate, Trusts, Wills

Despite how careful you are, accidents and other problems can arise, including those caused by third parties, that put your personal and family’s savings and assets at risk. While you cannot absolutely protect all of your assets from the claims of creditors, even by...

Parents Will and Estate Planning

by Douglas Tibble | Oct 13, 2013 | Estates, Family Law, Individuals, Wills

One of your worries as a parent is what will happen to your children if you cannot care for them. While the common law has the answer if you fail to plan or make your wishes known, custodial care and judicial appointment of a guardian for your children and your...

Estate Planning Supplemental Needs Trust Provision

by Douglas Tibble | Aug 13, 2013 | Business, Business Law, Estates

A friend or relative makes a bequest to a disabled person in their will, hoping to make his life easier, but without proper legal advice that gift may have to be rejected by the recipient to avoid financial loss. A simple modification of the donor’s will could...

The Impact of Fiscal Cliff Legislation on Estate Planning

by Douglas Tibble | Dec 1, 2012 | Estates, Individuals, Taxes

The American Taxpayer Relief Act of 2012 enacted on December 31, 2012 was publicized as reducing income tax rates for all but the most wealthy Americans, but surprisingly the main provisions of the federal estate tax survived intact. As of January 1, 2013, the federal...

Estates