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How Are Heirs Determined in Illinois? An heir is someone who is legally entitled to receive property upon a person’s death. Every state gets to decide who the natural heirs of a decedent are, and the states will publish...

The 5 Things to Do If You Are Named Trustee of a Trust  If you have been named a trustee of a family member’s or friend’s trust there are many things to know. It is advisable to speak with an attorney to know the full...

I’d Like to Make Gifts to My Children But I am Concerned About the Gift Tax If you are interested in making gifts to your children, you may be worried about the gift tax and estate tax. The tax can be substantial, so it is...

If I Move to Another State is my Will Still Valid? If you had your Will created in Illinois but plan on moving to another state in the future, there are many things to consider. If your Will was validly executed in Illinois,...

What is an Irrevocable Life Insurance Trust? An Irrevocable Life Insurance Trust, also known by its acronym, ILIT, is a useful estate planning tool for some families. In the past, when the federal estate tax exemption was...