Category: Life Events

Estate and Inheritance Tax

Many years ago, Will Rogers said, “The difference between death and taxes is death doesn’t get worse every time Congress meets.” If you’ve ever tried to navigate the ins and outs of estate and inheritance taxes, you may agree, as they tend to cause a lot of confusion. In fact, wondering what is owed in taxes is the number one question we at Coyle Financial receive from surviving spouses and heirs.

Blissfully Married

Name that event: a formal setting, two people in love, shoving cake into each other’s faces. It’s a wedding, of course, and it’s a big life transition. Two of everything become one: households, mindsets, and monies.

Consider Doing This Before Your Child Leaves for College

If you have a child who’s leaving for college soon, there’s one important thing to consider doing before your student heads off. In short, you might want to consider getting a power-of-attorney for your college-bound child. We’ve got an article, written by Levenfeld Pearlstein, that we’d like you to read and it will give you details about why this is so important.

Life without Mom and Dad

John Dragstrem talks about how to prepare for your special needs child’s adulthood.  John introduces his book “Life Without Mom & Dad” which gives a practical way to prepare at your own pace while keeping the plan up-to-date and easy to share.

Transitions of Life and Death

On April 13, one of our partners experienced the joy of becoming a grandfather—on the same day that another of our partners unexpectedly lost a brother. From extreme joy to profound sadness, these kinds of transitions are part of the great circle of life.

Florida Domicile

Lately, many of you have been asking what Illinois residents need to do in order to domicile in Florida. According to Rob O’Dell of Wheaton Wealth Partners, there are three key reasons why Illinois residents are considering Florida as their new home: taxes, estate planning and creditor protection. (For more insights, see the video interview with O’Dell that is posted above.)

Sudden Money – Sudden Inheritance

Social, mental, and emotional thoughts get stirred up with unexpected passing of a parent. Add to that the sudden receipt of money and most people are feeling extremely uncomfortable.  Not only are you dealing with loss, you’ve suddenly got their home or maybe two homes. You have their personal property and all these different assets dropped in your lap.

Is It Time? The Elder Care Conversation

An 85 year old woman is on the phone with her daughter. She says, “Honey, I left for church service this morning at 8:15. It is now 3:30 and this nice young man here at the 7-11 let me borrow his phone as I seem to have misplaced mine. I’m a little confused. I’m not sure where I am.”

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