Advance Directive, aka “Living Will”
Advance Directive, also known as a Directive to Physician, is health care document required when an Health Care Agent has decided to request the withd…
Ademption
Ademption refers to a probate procedure that resolves bequest with specific assets were not own when the the Will was admitted to probate.
Abatement
AbatementThe term “abatement” means “removal.” In the context of property tax, abatement refers to an agreement between a taxing agency and a taxpayer in which…
Spousal Lifetime Access Trusts
A spousal lifetime access trust has many advantages that make it a great estate planning tool. With this trust, IRA assets can be used to benefit the …
The Value of Three Important Trusts
The primary tool in the estate planner's toolbox is the trust. A legal construct, a trust holds personal assets for the benefit of family members lon…
Thinking Like a Bank with Sarry Ibrahim
In this episode, Darol interviews Sarry Ibrahim, a young financial professional from Chicago, and they do just that. Sarry shows listeners can protect…
The Legal Documents You Need in 8 Minutes
Legal documents help you grow and protect your wealth, establish family decision-making, and successfully transfer your property to the next generatio…
Introduction to Estate Planning
The objective of estate planning is to efficiently transfer assets to predetermined heirs when the asset owner dies. This article will define the ter…
Family as a Wealth Collaborative
Many with wealth keep its existence in secrecy, cloaking it even from family. At the same time, parents expect their children to take over in the eve…
The Value Proposition and Mechanics of a Spousal Protection Trust
In old age, high unreimbursed medical care costs, especially those for long-term care, threatens the retirement wealth of many. You do not know if you…