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…
The 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…
When it comes time to plan your estate, it is more than just drafting a will or deciding who gets your personal belongings. You need a strategy to manage your assets and ensure a smooth transition after you pass away. However, one aspect is often overlooked: asset protection. Let’s look at the importance of asset…
Many people turn to LLCs to protect their business and personal assets. From stronger asset protection to simplified estate planning, putting this business entity into a trust can offer plenty of benefits. If you want to secure your finances and businesses, here are a few reasons why you should consider putting your LLC into a…
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