When one is estate planning in Illinois, it’s helpful to understand the probate process. Not all estate plans must go through probate. In fact, many people wish to create an estate plan that will not require probate, which can decrease the stress on family and friends...
Experienced Representation In Business Law, Estate Planning And Tax Law
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Experienced Representation In Business Law, Estate Planning And Tax Law
Experienced Representation In Business Law, Estate Planning And Tax Law
probate
Power of attorney requirements for Illinois
In Illinois and many other states across the nation, you are allowed to select a health care agent to make medical decisions on your behalf if you become incapacitated. Choosing someone to be your health care agent is no easy task. The person you choose must meet all...
Four reasons why a person’s will might be deemed unenforceable
Finding out you are not receiving the inheritance you expect when a loved one dies can be upsetting and you may immediately want to argue that the will should not be followed as written. However, you cannot change the terms of someone else’s will just because you do...
3 signs of undue influence in your aunt’s estate plan
If you have a special relationship with an elderly aunt, you undoubtedly want to respect her wishes. By creating a comprehensive will, your aunt both decided what happens to her assets after her death and avoided intestacy protocols. Still, if someone exerted undue...
3 common myths about probate
After you die, your estate will go through probate. This is the legal process of administering your estate as well as proving that your will (if you have one) is valid. This process also involves executing the instructions in your will and paying any applicable taxes....
Your mom died and you can’t find her will. Now what?
Many Godfrey area residents have had to go through a situation in which one of their parent dies. These are emotional and stressful times. Not only is a child dealing with the grief of losing a parent they can also be overwhelmed with the paperwork and financial...
Taking the stress out of creating your estate plan
Planning for your life way down the road may initially seem like a daunting task. However, your efforts to be proactive about making arrangements for the years when you begin to age and may become incapacitated can save you a whole lot of stress in the future. At...
Detailing Illinois’ guidelines for intestate succession
Godfrey residents are counseled to create a will early on in their lives. However, even with this advice in place, many fail to see to their estate planning. Indeed, according to information shared by the American Association of Retired Persons, only 4 in 10 American...
Reviewing an estate plan is crucial to optimize effectiveness
Estate planning is a time-consuming process for many people in Illinois who carefully analyze several areas of their life to identify where clarifications need to be made that will allow their surviving family members to know how to distribute their estate. Decisions...
What is a payable on death account?
One of the easiest ways to avoid probate in Illinois is to not leave behind anything that needs to go through that process. Essentially, this means having all your assets set up to automatically transfer to another person upon your death. Many people use trusts or...
