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LAW OFFICES OF SMITH, LANDMEIER, SKAAR & ELDERS, P.C. ALLEN L. LANDMEIER JAMES D. SKAAR VINCENT J. ELDERS HOWARD E. SMITH, JR. OF COUNSEL 15 NORTH SECOND STREET P.O. BOX 127 GENEVA, ILLINOIS 60134-0127.

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Below is a description of each document and some common misconceptions: 1) Last Will & Testament. 2) Durable Power of Attorney. 3) Advance Health Care Directive.

Estate planning checklist Take inventory of everything you own. ... Make a last will and testament. ... Find a trusted executor for your estate. ... Consider a living trust. ... Opt for a power of attorney (POA) ... Write a living will. ... Consider your estate tax obligations. ... Get your digital assets in order.

Per stirpes. One of the simplest strategies for asset distribution among heirs, this method requires that the estate be divided equally among each branch of the family. So, if an heir (a child) should pass away before the parents, their share would be passed along in equal shares to their heirs (the grandchildren).

A 5 by 5 Power in Trust is a clause that lets the beneficiary make withdrawals from the trust on a yearly basis. The beneficiary can cash out $5,000 or 5% of the trust's fair market value each year, whichever is a higher amount.

A: While there are many different ways to approach estate planning, the four foundational documents we're focusing on here are wills, trusts, advance directives, and powers of attorney.

7 estate-planning tips to help you get started Clearly define your goals. ... Obtain the services of a qualified professional. ... Take inventory of all of your tangible and intangible assets. ... Review your liabilities. ... Review your life insurance needs. ... Name your beneficiaries and assign directives.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232