THE PROBATE PROCESS IN ILLINOIS Illinois law may require that a person’s estate go through the probate process. The exception to this rule is if the decedent owned no real estate at the time of death, and the remainder Read More….
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Wills Vs Deeds: Which Controls?
Wills Vs Deeds: Which Controls? When a person owns real estate they often want to make decisions about who will take ownership of said property upon their passing. A person will often reference their property in their Will and provide Read More….
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Wills vs. Insurance Policies: Which One Controls
Wills vs. Insurance Policies: Which One Controls When a person dies it often comes down to the Executor who is administering the estate to ensure that all assets are properly distributed. When this is done without the assistance of a Read More….
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Powers of Attorney: What do they do?
Powers of Attorney: What do they do? In life, the unexpected can often occur. Each day has a way of throwing a lot at you that you may not see coming. This is why it’s important to have certain documents Read More….
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OPENING PROBATE: WHAT DOCUMENTS ARE NEEDED AND WHAT IS NEEDED ON THOSE DOCUMENTS
OPENING PROBATE: WHAT DOCUMENTS ARE NEEDED AND WHAT IS NEEDED ON THOSE DOCUMENTS When a loved one passes away, if they don’t have a trust that distributes all of their assets and money, the heirs and family must open Probate Read More….
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Probate – Inventory and Final Accounting: Do I Need To Do Them?
Probate – Inventory and Final Accounting: Do I Need To Do Them? When it falls to a family member, friend, or trusted confidant to take on the role of executor it comes with a lot of responsibility. You are accepting Read More….
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Interpleader and how it can help your company avoid conflicting claims and liability
Interpleader and how it can help your company avoid conflicting claims and liability If you work as inhouse counsel for a company that handles money or property for others, you can often face a situation where you receive conflicting requests Read More….
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Partition -What is it for and how do I get started?
Partition -What is it for and how do I get started? When people come to share property, they do so with the expectation that they will share it equally and in good faith. Often this can be property purchased by Read More….
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Surety Bonds, What Are They and Do I Need One for Probate?
Surety Bonds, What Are They and Do I Need One for Probate? When a person dies and the estate must be managed, one of the aspects of administration that confuses the majority of executors is whether there will be a Read More….
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Decanting a Trust: What does that Involve?
Decanting a Trust: What does that Involve? When you are administering a trust and discover that the trust contains errors which make it cumbersome to administer or have instructions that you know the original drafter intended, you may wonder what Read More….
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Decanting a Trust: Why would you ever do that?
Decanting a Trust: Why would you ever do that? When a trust is made and written out, it is often assumed that everything is taken care of. The rules are in place and now probate can be avoided for the Read More….
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Special/Supplemental Needs Trust: Does My Disabled Child Need One?
Special/Supplemental Needs Trust: Does My Disabled Child Need One? When any person is putting together a will or a trust, the most important goal is to ensure that the trust provides the greatest benefit and management of the assets. What Read More….
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Interpleader and Its Place in Legal Disputes
Interpleader and Its Place in Legal Disputes One of the biggest challenges that a bank, loan provider, trustee, or any other holder of money can face is what happens when you have multiple people who are all telling you that Read More….
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Understanding Attorney Review and Its Place in Your Real Estate Transaction
Understanding Attorney Review and Its Place in Your Real Estate Transaction Many who purchase real estate often ask why they would need to involve an attorney. They say things like “well were not going to court over this” or “I’m Read More….
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Knowing Your Deeds
Knowing Your Deeds So, it’s finally time, you are about to buy your first piece of property, you’ve scoped out the house you want, made an offer that was accepted, and now you’re getting into the legal documents for the Read More….
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Wills and Trusts: Providing for the People You Are Thankful for
Wills and Trusts: Providing for the People You Are Thankful for With it being the Thanksgiving season, most folks are getting into the spirit of the holiday. They are inviting family over, buying a turkey, and whipping up their favorite Read More….
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