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A Power of Attorney (POA) is a critical legal document that grants a trusted individual, known as an agent, the authority to make financial or healthcare decisions on your behalf. This is often used to prepare for a future where you may be unable to make these decisions yourself. Selecting the right person for this role is one of the most important steps in estate planning. A...
Establishing a trust is a fundamental step in protecting your family’s assets and ensuring your wishes are honored for generations to come. The Illinois Trust Code (ITC) serves as the foundation for trust creation, administration and beneficiary rights for families, setting clear guidelines and protections for all those involved. Understanding the rules under this code is cru...
An incentive trust is an estate planning tool that allows you to set specific conditions for beneficiaries to receive distributions from your trust. This approach enables you to maintain control over your assets even after death while encouraging positive behaviors and achievements among your heirs. style="font-weight: 4...
Wilson and Wilson sponsors legislative breakfast with the West Suburban Chamber of Commerce. Pictured are Kathleen Russell, executive director of the West Suburban Chamber of Commerce, and Bill Wilson.
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