Will and Probate Attorney: Navigating the Complexities of Illinois Probate Law
When it comes to estate planning and the distribution of assets, understanding the role of a will and probate attorney is crucial. In Illinois, the probate process can often be complicated and overwhelming, especially during an emotional time. Whether you are preparing your will or navigating the probate process after losing a loved one, having […]
Estate Plan Review
Have you already done your estate plan? Do you or your parents spend their winters in warmer states? It may be time for an estate planning checkup. YES, you made a lot of effort to create your estate plan! However, failing to make updates is all your plan can often lead to issues in the […]
Is Adult Guardianship Something My Family Needs?
Adult guardianship is a very restrictive process and should only be used when absolutely needed. Even though you may have a child with a disability or special need, it may not rise to the level of disability required for the adult guardianship process. Whether Adult Guardianship or an alternate plan of action is needed will […]
Special Needs Trusts Explained
Parents or family members often need to provide for future care and support for loved ones who have mental or physical disabilities. In these cases, Park Gold first plans for the parents/family members own disability and/or transitioning; while at the same time, providing a Special Needs Trust or “Spendthirft Trust”* as well as a Life […]
Busting Legal Myths
Myth vs Truth I have a will so my family is covered. People want you to believe once they have a will they and their families are protected. A will is merely a suggestion of you desires to a judge. At the beginning and end of the day it can be challenged and your wishes overruled. […]
Important Questions to Ask Your Family Members
Holiday conversation that you should be having with your family this season: Find out if your family members have estate plans! Why? Because it will keep your family out of probate court, save you thousands of dollars. What items are included in your plan? A proper estate plan should include a will, revocable trust, power of […]
Top Distributions Simplified
Top Distributions Simplified JG September 20, 2023 Possible Scenarios After a Passing If there is a surviving spouse and children: ½ to the surviving spouse and ½ to any children, divided equally. No surviving spouse but children: entire estate will go to the children equally. If no surviving spouse or children, but a parent or […]
Need for Diversity, Equity, & Inclusion in Law
The Need for Diversity, Equity, and Inclusion in Estate Planning JG September 20, 2023 Diversity, equity, and inclusion (DEI) issues pose a challenge in estate planning. Within minority communities, there is an overwhelming disparity in not only quality, legal representation, but in the overall knowledge and understanding of what is truly needed for […]