Howard & Hardyman LLP

estate planning Archives

Is estate planning complicated?

Illinois residents will approach estate planning with different levels of knowledge and experience. While planning out the future of their estate is a breeze for some people, for others, the steps and terminology involved will seem daunting to figure out. Fortunately, you can rely on the expertise of a qualified estate planner to get you through the process, but pitfalls may remain if you are not careful.

How can I equally distribute my assets to my children?

As an Illinois parent, you want to be fair to each of your children when, upon your death, your assets are distributed to them. But as you draft your will, you find problems with giving your children equal shares of what you have. For instance, you may own a sailing ship but two of your children enjoy boating activities. So how can you give your children an equal share of your boat when you possess just one boat? Sometimes it is not possible to equally distribute all of your assets to your children, which can put you in a troublesome situation.

Defining the role of an executor

Illinois residents who are preparing their final will and testament should become acquainted with the role of an executor. An executor will be the person in charge of carrying out the will once the testor passes away. The duties of an executor are many and varied, and whoever is picked for the job should be trustworthy and able to carry out the duties of the position.

  • Illinois State Bar Association
  • WCBA | Winnebago County | Bar Association | Established 1996
  • United States Court Of Appeals | Seventh Circuit
  • State Bar of Wisconsin
  • United States District Court For The Northern District Of Illusions
Serving Northern Illinois For Decades
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