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Coulson Elder Law is pleased to provide you with important, timely information on the considerations of Estate planning, Asset protection, Special Needs Planning and more.

We live in a digital age. Our bank accounts; investment accounts; credit card accounts; accounts with Amazon, Joss & Main and all the other online stores, have digital access and passwords. And, if you haven’t planned for your digital assets and your passwords, there’s a hole in your estate plan. Don’t assume that unless it says so, somebody with power of attorney can get access to those things. Don’t assume that ...

Making charitable gifts or bequests to religious or other non-profit organizations is a generous gesture and an excellent way of making a difference. But, there can be a right way to do it and a not so right way to do it, in terms of getting the most of your donation while still preserving your assets. In this Estate Planning Minute, Wes Coulson, Illinois Elder Law attorney, discusses another common estate planning mistake and the ...

We see a lot of situations in which people who are developing an Estate Plan have the idea, “Okay, I want it to go to my children in equal shares.” This sounds like a simple, reasonable and fair request. But, potential problems can arise when they haven’t addressed, “Well, what happens if you outlive one of your children?” In this Estate Planning Minute, Wes Coulson, Illinois Elder Law attorney, discusses another common estate ...

Special Needs family members require and deserve special provisions made for them in a family estate plan. Unfortunately, it is very common for people to either make provisions for them in an incorrect or incomplete way, or worse yet, not provide for them at all. In this Estate Planning Minute, Wes Coulson, Illinois Elder Law attorney, discusses another common estate planning mistake and the benefits of making provisions for special needs family members ...

Unfortunately, all too often, the common mistake we see in estate planning is the failure to fund a living trust. Funding is the step in transferring ownership of assets into the living trust. It's not enough to simply have a living trust, if you fail to fund a living trust you risk losing those assets. In this Estate Planning Minute, Wes Coulson, Illinois Elder Law attorney, discusses another common estate planning mistake and the importance of ...

When we think of Estate Planning, we often think of the documents we put in place for when we die. However, that isn't always the complete story. Sometimes, people suffer illnesses prior to their death that may leave them incapacitated. One of the big common estate planning mistakes is failing to plan for your lifetime incapacity. In this Estate Planning Minute, Wes Coulson, Illinois Elder Law attorney, discusses another common estate planning ...