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For many families in Naperville and DuPage County, home means more than simply where they live. It is a place filled with memories, traditions, and a sense of stability. When planning for the future, many clients want to ensure that this home remains in the family while also reducing estate tax exposure. One of the most effective tools for accomplishing this is a Qualified Personal Residence Trust (QPRT). A QPRT allows you to transfer your home to your beneficiaries at a reduced tax cost whil...| Gierach Law Firm
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Blended families are becoming increasingly common in Illinois. Many people remarry after divorce or widowhood, bringing children from prior relationships into a new marriage. For high net worth families, this dynamic adds both opportunity and complexity when it comes to estate planning. Without a careful strategy, the goals of protecting a new spouse, making sure children from all relationships are treated fairly, and protecting wealth across generations can come into conflict. At Gierach L...| Gierach Law Firm
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Families throughout DuPage County who are thinking seriously about preserving their wealth often find themselves faced with a major decision: should they create a revocable trust, an irrevocable trust, or some combination of the two? Your choice will affect how much control you have over your assets, how those assets pass to your children or other beneficiaries, and whether you will face unnecessary taxation or creditor claims in the future. The Illinois Trust Code (760 ILCS 3), which governs...| Gierach Law Firm
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Passing down heirlooms is often about more than monetary value. Whether it is a grandfather’s watch, a portrait that has hung in the family home for generations, or a set of china brought over from the old country, these items carry emotional and cultural weight. In high-net-worth families, those heirlooms often sit alongside substantial financial and business assets, and failure to plan carefully can spark long-term family disputes, litigation, and unnecessary loss. If you are part of a fa...| Gierach Law Firm
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When someone you love cannot manage their personal or financial affairs, it can be overwhelming trying to figure out how to help them. Families in Illinois often turn to guardianship as a solution, but many are unsure whether a plenary or limited guardianship is the right choice. Understanding the differences between these options and how courts approach these cases is crucial. If you are considering guardianship, talk first to our Naperville, IL guardianship and estate planning attorney, Den...| Gierach Law Firm
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Illinois lawyer serving DuPage, Cook and Will County in estate planning, business law and general counsel services. Call 630-756-1160 to schedule a consult.| Gierach Law Firm
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