Your Illinois Wills, Trusts, & Estates Explained Simply - 9781601384140

Few people want to think about what would happen to their families if they become disabled or die; however, planning for these occurrences in advance will reduce potential stress on your family later in life. This new book will take the guesswork out of planning your estate and help you finally understand the complex processes.

The right plan can protect the value of your estate and spare your loved ones unnecessary hassles and legal conflicts. Your Illinois Wills, Trusts, & Estates will help you glide through this complicated process. This new hook has been adapted to offer Illinois residents state specific advice for estate planning. Author Linda C. Ashar, attorneys at law, has crafted an estate-planning primer that allows Illinois residents to become more informed and more involved during the process.

Your Illinois Wills, Trusts, & Estates will provide all the information you need to choose, set up, and execute a will, trust, or estate. You will learn the legal terminology, including beneficiary, probate, trustor, trustee, assets, guardianship, and executor. You will also learn about trust agreements, trust property, settlement costs, life insurance, durable power of attorney, marital deductions, gift splitting, survivorship deeds, gift tax issues, generation skipping transfer tax, tax deferred accounts, and advance directives.