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Recent blog posts
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Today, cryptocurrency and other digital assets are often a key part of your net worth. Whether you started mining bitcoin when it started or have invested well in NFTs, you want to ensure they are passed down to your next generation. The thing is, digital assets require a little extra attention as compared to typical…
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How to Use LLCs and Trusts Together for Asset Protection in Illinois
: How to Use LLCs and Trusts Together for Asset Protection in IllinoisAsset protection is a critical component of estate planning and business strategy. This is especially true in Illinois, where litigation risks, creditor claims, and probate exposure can threaten your financial legacy. By combining Limited Liability Companies (LLCs) with trusts, individuals and families can create a layered defense that protects real estate, business interests, and personal…
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Blended families are those formed through remarriage, adoption, or cohabitation. They face unique challenges when it comes to estate planning. In Illinois, ensuring that your spouse, children, stepchildren, and other loved ones are protected requires careful legal strategy. Without a comprehensive estate plan, your assets may not be distributed according to your wishes, potentially leading…
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Estate Planning for Property Transfers to a Non-Citizen Spouse
: Estate Planning for Property Transfers to a Non-Citizen SpouseAs a general rule, spouses can transfer an unlimited amount of property to each other without paying tax on the transfer.[1] The rule includes transfers made upon death.[2] The so-called “unlimited marital deduction” delays taxation on the transfer of property until it is transferred out of the marital unit. The rule applies to US citizens as well…
