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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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When creating an estate plan in Illinois, it’s important to understand the various tools available to ensure that your assets are distributed according to your wishes. One such tool is a pour-over will. While it may sound complex, a pour-over will plays an important role in ensuring your estate is handled properly. What is a…
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Filing for guardianship in Illinois allows someone to make decisions for a person unable to care for themselves. Whether due to age, disability, or other circumstances, this legal arrangement can provide essential support to vulnerable individuals. At Bielski Chapman, LTD., we understand that navigating the guardianship process can be daunting. We are here to guide…
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Estate Tax Considerations for Special Needs Trusts in Illinois
: Estate Tax Considerations for Special Needs Trusts in IllinoisWhen planning for the future of a loved one with special needs, establishing a Special Needs Trust (SNT) is often a vital component of an estate plan. For residents of Illinois, it is essential to understand the unique estate tax considerations that can arise with these trusts. This knowledge can ensure that your loved one…
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Special needs planning is a component of estate planning designed to address the requirements of individuals with disabilities or chronic conditions. For families in Illinois, this planning is essential to ensure the long-term care and financial stability of loved ones with special needs. Bielski Chapman, LTD., our respected Illinois estate planning attorneys are here to…
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Navigating Family Disputes During Illinois Probate
: Navigating Family Disputes During Illinois ProbateWhen a loved one passes away, the probate process can be emotionally and legally complex, particularly in Illinois. While the goal is to ensure the deceased’s wishes are carried out, we understand that family disputes often arise during probate proceedings, adding an extra layer of stress to an already challenging time. At Bielski Chapman, we…
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Probate vs. Small Estate Administration in Illinois
: Probate vs. Small Estate Administration in IllinoisThe loss of a loved one is a difficult time, and the process of handling their estate can add to the emotional burden. In Illinois, there are two primary methods for managing an estate: probate and small estate administration. Both serve the purpose of distributing a deceased person’s assets, but they differ in terms of…
