Title assets in your name as trustee of your living trust
Update your power of attorney for property and for health care
Consider options for insurance with your insurance advisors (e.g., life, health, disability, long term care, liability) and named insureds (e.g., you, your living trust, your companies, employees, independent contractors)
Check and update primary and contingent beneficiaries for life insurance and retirement assets
Check for forgotten/missing life insurance policies at www.insurance.illinois.gov/Applications/LifePolicyLocator/
Business owners should mantain corporate records, succession plans, agreements and effective contracts with customers, suppliers, employers and comply with retirement plan rules
Persons with limited liability companies should consider operating agreements and recent significant Illinois law changes regarding oral changes to operating agreements