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Illinois Living Revocable Trusts
Feb 25

Illinois Living Revocable Trusts

It is often best to avoid probate, the court supervised process which makes sure that a deceased person’s assets are properly distributed. The probate process is…

Funding an Illinois Revocable Living Trust
Nov 22

Funding an Illinois Revocable Living Trust

For a Revocable Living Trust to function property, it is not enough for the Grantor (the individual who made the trust) to simply sign the trust…

Special Needs Child and Estate Planning
Sep 26

Special Needs Child and Estate Planning

In his article titled Estate Planning for a Family with a Special Needs Child, Sebastian V. Grassi, Jr. lists five estate planning options for parents of…

Illinois Estate Planning and Trusts
Jul 13

Illinois Estate Planning and Trusts

What is a Trust? Example: You are visiting your sister in Australia for six months and your son needs $5000 for living expenses while you are…

Strategies for Tax Reduction: Navigating the Complexities of AB Trusts
Dec 19

Strategies for Tax Reduction: Navigating the Complexities of AB Trusts

Understanding AB Trusts and Estate Tax Benefits for Married Couples At Wilson & Wilson Estate Planning & Elder Law LLC, we recognize the value in strategic…

Chicago Estate Planning and Grantor Retained Annuity Trusts (GRATs)
Jun 02

Chicago Estate Planning and Grantor Retained Annuity Trusts (GRATs)

In a recent article, Laura Saunders points out the advantages to a Grantor Retained Annuity Trust (GRAT). GRATs transfer asset appreciation from one taxpayer to others,…

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