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When a family member or friend dies, it is important to notify various government agencies, banks, creditors and credit reporting agencies of the death. Notifications should be made as soon after the death as possible. You should initially make telephone calls followed by written notification. Have the decedent's social...

A last will and testament in Chicago and the entire state of Illinois is a legal document instructing what should happen to your assets and property (known as your estate) at the time of your death. But it does not stop there. You can assign a guardian for children and appoint an...

A last will and testament is a document you create to instruct how you want your property distributed upon your death. Who gets the house? Who gets which antiques? Who gets a bank account? Who takes care of the pets? These are just some of the questions upon which a will answers...

There are many practical issues to deal with when planning your estate. You can save your loved ones some headaches by making your wishes known on the following issues: Who should be notified upon your death? Funeral arrangements. The...

A trust is a legal arrangement whereby one person, called a trustee(s), holds legal title to property for another person(s), called a beneficiary. You can be the trustee of your own living trust, thus keeping full control over all the property in the trust.  There are many types of trusts, including living...

Introduction No matter your net worth, it's important to have at least a basic estate plan in place. Such a plan ensures that your family is taken care of after your death. Dying without a will (intestate) can be costly to your heirs and can leave you without...