Gotta Fund That Trust

Your revocable trust is a legal entity that holds and manages your assets during your lifetime and distributes them to your beneficiaries according to your instructions after your death. But for your trust to do its work effectively, you need to actually transfer/fund your assets Continue reading

Marital Property

What is “marital property” and how does it come into play in estate planning?

This is a question that comes from a client in Palos Heights, Illinois.

The classification of property as “marital property” or “non-marital property” is important in a divorce setting and related property Continue reading