Until recently, wills had to be signed on paper, and the testator, witnesses, and notary public all had to be in the same location to physically witness the signing of the documents. With the passing of the Illinois Electronic Wills and Remote Witnesses Act, we can now offer electronic wills as well as remote witnessing and notarizing over audio/video conference to anyone residing in Illinois. Contact us to learn more.
The PACT Act will be signed into law on August 8th. This act will expand VA benefits and healthcare for Veterans who were exposed to toxic substances during their time of service. If you have questions or need help filing a claim, we're here to help.
TLDR: With rising inflation, people may want to give to charities and nonprofits, but are finding themselves short on cash. A great way to make a gift is through your Will, Trust, or other legacy tool. For more information about this or other estate planning needs, please contact us at Greenwood Law.
Most lawyers offer free consultations. Read on to learn more about what to expect during initial consultations. If you have a legal question or need help with a legal situation, please give us a call at 309-517-5415, or use the "book now" feature on our website to schedule an in person, telephone, or virtual consultation with us.
Two separate class action cases regarding widow(er)'s benefits for same-sex couples have ruled for some surviving spouses to receive back pay from the Social Security Administration.
TLDR: If you or a loved one have a disability and rely on government assistance benefits such as Social Security or Medicaid a Special Needs Trust may be a useful tool protect your assets and plan for the future while allowing you to receive the assistance you need.
TLDR: When you have a child a few items to discuss with your estate planner and financial planner include setting up college savings plans, adjusting your life insurance, making changes to your wills and trusts, adjusting your powers of attorney, and checking for available government benefits. These are a great starting point and can lead into a robust plan. Talk to your estate planner and financial planner when you have an addition to your family.
TLDR: 2022 Taxes are coming due for individual taxpayers. The IRS issued a note regarding child tax credits and reminded folks that there is a phase out. Additionally, if you haven't filed in the past due to low income consider filing as you may still be eligible for a refund.
TLDR: Trusts, Life Insurance, and Transfer on Death Instruments are some potential tools to help avoid probate. Talk to an attorney who can help use the right tools for the job.
TLDR: If a debt to you was properly documented and you did everything required by law your heirs may be able to collect debts owed to you after you die.
TLDR: TODIs can be a cost effective tool to assist in small estate planning. Talk to an attorney to learn if this tool is right for you.
A moment to pause and remember 20 years on the impact of September 11, 2001.