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Irrevocable Living Trust-What is it?

April 29, 2022

When it comes to estate planning in Chicago IL, as with other cities and states, there are tons of complex laws, paperwork, and other regulations to follow. This sentiment is true when it comes to creating irrevocable living trusts. Working with a reputable Chicago estate planning lawyer is the key to handling all paperwork and legalities… Read more »

What Is a Lifetime Trust?

April 15, 2022

Des Plaines estate planning attorneys Anthony J. Madonia & Associates, Ltd. share the basics of a lifetime trust and what it does.  Learn the benefits of having a lifetime trust and why you should always have a lawyer present during the creation.   What Is a Lifetime Trust? A trust that is created within a person’s… Read more »

Easy Guide to Understanding a Family Trust

March 07, 2022

A Family Trust is a good idea to ensure your legacy and benefits for your loved ones. It is a legally binding Estate Planning tool that’s set up to financially protect and benefit you and your family. The purpose is to establish a way for your family to reap direct financial benefits from your Estate… Read more »

The State of The Estate Tax

January 06, 2022

The State of The Estate Tax 2021 was aflutter with drama about the future of the estate and gift tax. Yet despite all the proposals that floated through both chambers of Congress, the estate tax is ending the year right where we started -the only change is to account for inflation. Why was there such… Read more »

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