5 of 5 The number of Medicaid applications approved for our clients in the past 5 months. A perfect record! Giving peace of mind to 5 families, despite some complex situations requiring creative (but totally legal) strategies. 43 The number of hours Laura spent on a recent Medicaid application. Medicaid apps have plenty of potential [...]
It’s been a busy couple of weeks with estate tax changes — both state and federal. I spent last week at what some consider to be the Superbowl of estate planning. While at the Heckerling Institute on Estate Planning in Orlando, (not heckling as in what I do when Illinois plays Michigan, but Heckerling, as [...]
We often use life insurance as a tool in helping clients. Life insurance is important in many estate-planning situations, such as the following: A young family. To help raise the kids and get them through college if a parent dies young. Business owners. A buy-sell agreement between partners in a business is important. But the [...]
Remember, if Congress does not act in the next few weeks, then on January 1, estate taxes will kick in for anyone leaving more than $1 million, with a top tax rate of 55%. Will the new Republican majority in the House make a difference? 1. The election did sweep more anti-estate tax Congressmen into [...]
A recent movie with Morgan Freeman and Jack Nicholson inspired a lot of people to think about their bucket list – the things they would like to do before they die. While a trip around the world in a sailboat may seem a lot more exciting and glamorous than estate planning, thinking about what you [...]
So, who pays your debts when you’re gone? Your wife? Your kids? What happens when someone dies, leaving debts and not enough money to pay them? The Good News Here’s the good news: No one else is required to pay your debts, as long as they are not on the debt, too. Your wife, your [...]
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Edwards Group LLC 4340 Acer Grove, Springfield, Illinois 62711 (217) 726-9200
