If a family member created a trust for their estate, they may have wanted to limit how you use your inheritance or to protect their property from tax liabilities. The trustee assigned to manage trust assets and distribute them to family members will have a challenging...
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lake forest illinois trusts and estates law blog
Will your estate require ancillary probate proceedings?
Whether you have a lakeside cabin up in Wisconsin, a vacation home in Colorado or one of your kids is living in your old condo in Brooklyn that you still own, those assets will need to be covered in your estate plan. If you still own the assets when you pass away,...
Alzheimer’s and will contests
When someone is a child, they are not considered to have testamentary capacity. This is why someone who is under 18 years of age generally cannot write a will. They are not considered to have the mental capacity to do it at this time. Once you're over 18 years of...
Dementia and your aging parent
When you have a loved one who is showing signs of dementia, now is the time to sit down and talk to them about their wishes. People who suffer from dementia often have times when they are lucid, and it is important to discuss their estate plan, will and other...
Setting up a trust based on age
You have a lot of potential tools that you can use when doing estate planning. If you don't want to leave assets directly to your heirs, for instance, you could consider setting up a trust. Even if you do this, you still have a lot of different choices to make. Some...
What are the remedies when a trustee breaches their duty?
Your deceased loved one took all the proper steps when planning their estate. They left a valid will and one or more trusts behind to provide for you and other family members. They also likely thought long and hard about choosing a trustee, but that does not mean...
