We put on layers to stay warm in the winter time. We use entity layers to reduce risk and potential out-of-pocket liability for business matters, and we should consider using this same approach for our estate planning.
You may not believe that there are complicated issues in connection with your estate assets. If there are business interests owned by the family, or investment interest in real estate or other activities that may include potential liability, there is a good reason to review your current plan or discuss creating a new one for you and your family.
The focus of that planning discussion: asset protection strategies, wherever possible; distribution strategies for tax and other considerations; maintenance and operational considerations while we are alive but unable to manage our own affairs, so that guardianship, management structure and avoidance of unnecessary out-of-pocket expenses are all covered.
Further review and discussion should include key man insurance, creation of family funding resources through available financial products, and tax advantaged strategies.
Scheduling an appointment can be done by contacting Attorney Marc Sherman, by phone or email: https://mshermanlaw.com/contact/
Consider registering for the next presentation sponsored by the Society For Financial Awareness, “THE CHANGING WORLD OF RETIREMENT PLANNING”™, Classroom Instruction for Adults – Ages 50 to 70. The Course is led by Financial Advisor Ron Mark, of the Chicago Investment Advisory Council, Inc., (312) 907-2481 http://www.ciacinc.com, at Oakton Community College Skokie Campus, Lincoln Avenue, during January and February, 2026. Marc Sherman will present on Estate Planning Concepts. Information is provided in a thoughtful, focused format and you will come away with more knowledge than you started with, for sure. No purchase requirements, no ‘hard sell’ investments, just good information for personal and investment strategies for retirement and estate planning. Registration information is available by contacting Susanna Jung at 312-264-4388.
