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What’s a mutual will?

On behalf of John J. Pembroke & Associates LLC posted in estate planning on Wednesday, September 13, 2017. A mutual will is a common estate planning tool that governs the estate of more than just one person. Usually, the people who enter mutual wills…

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What is a life estate?

On behalf of John J. Pembroke & Associates LLC posted in estate planning on Thursday, September 28, 2017. Imagine that you want to provide money and income to a specific beneficiary in your estate plan; however, you want to ensure that additional assets will…

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What is testamentary capacity?

On behalf of John J. Pembroke & Associates LLC posted in estate planning on Tuesday, November 7, 2017. The legal term "testamentary capacity" refers to the capacity of an individual to draft a will for him or herself. When someone lacks testamentary capacity, a court will…

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3 common estate planning mistakes

On behalf of John J. Pembroke & Associates LLC posted in estate planning on Monday, November 13, 2017. You know that quote that starts with, "The best-laid plans of mice and men..."? This quote can be used to describe a lot of Illinois residents'…

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