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June 2019 Archives

Will women claiming rights to estate prompt probate litigation?

Fans of Chris Cornell in Illinois and across the world mourned the former rocker's sudden, unexpected death in 2018. The cause of death was listed as a suicide. While numerous types of drugs were found in his blood according to toxicology test results, the musician had apparently died by hanging himself, and the drugs did not cause his death. Now, Cornell's widow and ex-wife are involved in a dispute regarding his estate valued at $20 million that could wind up in probate litigation.

Basic issues and info regarding probate litigation

When an Illinois resident dies, his or her property may be transferred through a court process. Probate litigation can take a long time, which is why many people prepare estate plans to help their loved one avoid it. Most people who want to avoid probate specifically want to avoid the fees commonly associated with it.

Does a single adult need an estate plan?

Single adults who don't have children might think they can skip out on the estate planning process. These individuals may not realize how far-reaching the impacts can be if they don't take the time to create an estate plan. One of the most important things to remember is that creating an estate plan gives you the power to determine what happens during your final days and with your assets after you are gone.

Estate planning: It's never too soon to start

Many Illinois readers who see this post are among hundreds, if not thousands of others, who have been hesitant to think about a topic that is applicable to everyone. Dying is an inevitable part of every life journey. Because many people do not like to think about their own mortality, they procrastinate when it comes to the estate planning process.

Heirs and beneficiaries: State laws affect inheritance

If someone in Illinois dies after signing a last will and testament, someone else, such as the decedent's spouse or other immediate family member may stand to inherit a portion or all of his or her estate. State laws vary regarding heirs and beneficiaries. That is why it is always helpful to speak with someone well-versed in estate planning issues in this state, if one has questions or concerns about a particular inheritance situation.

Probate litigation ahead for Tom Petty's loved ones

Many Illinois residents are adult children of parents who have divorced and remarried. Stepparent/child relationships can be complicated, and in cases of a biological parent's death, problems may arise that lead to probate litigation. Such is the case regarding former rock and roll icon Tom Petty's estate.

Probate litigation ahead for Tom Petty's loved ones

Many Illinois residents are adult children of parents who have divorced and remarried. Stepparent/child relationships can be complicated, and in cases of a biological parent's death, problems may arise that lead to probate litigation. Such is the case regarding former rock and roll icon Tom Petty's estate.

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