Clark Hill Attorney Ray J. Koenig III Authors Article on “Creating an Estate Plan: A Legal Perspective” for The National Resource Center on LGBT Aging
– Clark Hill Chicago Attorney Ray Koenig’s article on “Creating an Estate Plan: A Legal Perspective” is now a featured resource on The National Resource Center on LGBT Aging Center website. The National Resource Center on LGBT Aging is the country’s first and only technical assistance resource center aimed at improving the quality of services and supports offered to lesbian, gay, bisexual and transgender (LGBT) older adults.
Highlights of the article include:
What will happen if you do not plan
Last Will and Testaments
The Probate Process and Reasons to Avoid Probate
Irrevocable Life Insurance Trusts
Joint Tenancy Accounts
Payable on Death Accounts
Mr. Koenig states in the article that “Proper planning will ensure that your property is distributed upon your death as you wish. It makes dealing with the issue of your death easier for your partner and your family. Furthermore, proper planning can save on taxes, allowing more property to be passed to your loved ones.”
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