Newsletter

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 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 ...

Wills and Living Trusts offer a peace of mind that when we pass away our estate is distributed as we wish. Very commonly, we leave our estate to our children, and then to our grandchildren if they die before we do. However, what isn't always addressed is what happens if we pass away while our children or grandchildren are too young to legally handle money directly? In this Estate Planning Minute, ...

There are only two people who can give somebody the authority to make and carry out decisions for you. One is a Judge through an expensive guardianship proceeding and the other is you through a Power of Attorney. A Judge can give that authority to just about anybody, whether we would want them to have it or not. So, it makes sense for us to give that authority ourselves to the people we ...