Estate Taxes in Illinois & Federal Estate Tax Basics
People often assume estate tax applies to every family that owns a home, savings, and a few investment accounts. In reality, most estates never owe federal estate tax. The key point is ...
Updating Your Estate Plan After Major Life Events
Life changes quickly, and significant milestones often affect more than just your daily routine—they shape your long-term financial and legal landscape. Marriage, divorce, the birth of a child, or retirement can fundamentally ...
Wills vs Trusts: Which Is Right for You in Illinois?
When planning for the future, one of the most important decisions you can make is how to pass your assets to your loved ones. Two of the most common estate planning tools ...
How to Plan for Incapacity: Powers of Attorney, Advance Directives & Guardianships
Life is unpredictable, and planning is one of the most important steps you can take to protect yourself and your family. While many people think of estate planning in terms of what ...
What are the Different Types of Trusts Available in IL?
Trusts are vital instruments in estate planning, offering various benefits such as asset protection, tax savings, and ensuring that your wishes are followed after your death. For residents of Illinois, the choices ...
What Can Be Included in Your Will
Planning for the future is one of the most important steps to ensure your loved ones are cared for and your wishes are honored. A will is a crucial part of this ...
Different Types of Trusts are Available in Chicago
Trusts are essential tools in estate planning, offering a variety of benefits such as asset protection, tax efficiency, and control over the distribution of assets. At Berardi and Associates, LLC, we understand ...
An Explanation Of Real Estate Transfer Taxes In Your Area
Your Area's Real Estate Transfer Taxes Explained Real estate transfer taxes can be confusing if you are moving to a new home. How much are you going to pay in transfer taxes? ...