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Aging Parents and Estate Planning

This article is a compliment of  THE LAW OFFICE OF JOHANN CHAU Written by The American Academy of Estate Planning Attorneys   The parent-child relationship is pretty well defined. Children generally don’t advise their parents. It’s the other way around. However, this dynamic can shift as parents get older and children become adults. This becomes… Read More »

How Are You Planning for Long-Term Care (LTC) Expenses?

This article is a compliment of  THE LAW OFFICE OF JOHANN CHAU Written by The American Academy of Estate Planning Attorneys   The odds are nearly even that you’ll need long-term care (LTC) after age 65, at least for a while. But, many people haven’t planned for that possibility in their retirement plan. LTC care… Read More »

Retirement: It’s Not Just About the Money

This article is a compliment of  THE LAW OFFICE OF JOHANN CHAU Written by The American Academy of Estate Planning Attorneys     Often, people are stressed over whether they’ll have enough money or other resources to retire. That’s certainly one factor in retirement. And, given the savings statistics, this might be a factor contributing… Read More »

FREE Estate Planning Workshop

The Law Office of Johann Chau invites you to attend a FREE Estate Planning Workshop How a Living Trust Can Benefit You and Your Family Call 1-312-529-7853 To Reserve Your Seats Today Topics Covered During This Workshop: Providing for your spouse and children’s education, health, maintenance, and support The advantages and disadvantages of Wills and Living… Read More »

How Likely Is That To Happen?

COMPLIMENTS OF THE LAW OFFICE OF JOHANN CHAU By: The American Academy of Estate Planning Attorneys “How likely is that to happen?” You have undoubtedly heard these words spoken many times. You have possibly said them yourself when a well-meaning friend or family member tries to warn you about a risk that you perceive as… Read More »

Which Costs More: Probate or Trust Administration?

COMPLIMENTS OF THE LAW OFFICE OF JOHANN CHAU By: The American Academy of Estate Planning Attorneys There is no question that a Living Trust allows you to avoid probate – if, of course, the Trust is properly drafted and funded. But does this mean a Living Trust is more cost-effective than a Will? Some people… Read More »

Is an Irrevocable Life Insurance Trust Right for You?

  COMPLIMENTS OF THE LAW OFFICE OF JOHANN CHAU By: The American Academy of Estate Planning Attorneys Irrevocable trusts are a common estate planning tool, and they provide valuable benefits in a variety of planning situations. For example, irrevocable trusts can be used: · To transfer assets to a beneficiary, while restricting the circumstances under… Read More »

PROTECT AGAINST CREDITOR CLAIMS – EVEN TAX LIENS

COMPLIMENTS OF THE LAW OFFICE OF JOHANN CHAU By: The American Academy of Estate Planning Attorneys In U.S. v. Adent, 117 AFTR 2d 2016-1505 (7th Cir. 5/10/16), Leonard and Joyce Advent owned a commercial property as joint tenants with their son, Derek. Leonard and Joyce owed tax to the federal government. The Internal Revenue Service… Read More »

FREE Estate Planning Workshop

The Law Office of Johann Chau invites you to attend a FREE Estate Planning Workshop THE 7 COSTLY MISTAKES FAMILIES SHOULD AVOID IN THEIR ESTATE PLANS Topics Covered During This Workshop: COSTS AND DELAYS Avoid potential probate delays of 8 months to 1 year or more. Eliminate or minimize substantial court, attorneys’ and executors’ fees. NURSING HOME COSTS… Read More »

Planning Your Estate With Privacy in Mind

COMPLIMENTS OF THE LAW OFFICE OF JOHANN CHAU By: The American Academy of Estate Planning Attorneys What would you think about your next-door neighbor or your nosy sister-in-law thumbing through the pages of your Will or perusing your financial records? The mere idea probably shocks and outrages you. Maybe it even embarrasses you a little…. Read More »