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October 2019 Archives

Probate litigation: Some things you should know

When an Illinois estate owner dies, it typically activates a court process. Depending on whether the person died intestate or testate determines how the process unfolds. There are often ways to avoid probate litigation, but in certain circumstances it is necessary.

Estate planning is useful for wealthy estates

Getting certain affairs in order can have its difficulties. When it comes to estate planning, Illinois residents have a lot to go through and organize in efforts to make their wishes known. Though it may seem like a challenging task, it is one that is often worth the effort.

Issues that prompted probate litigation in an heiress' estate

Huguette Clark was the daughter of a coal baron. When she died, her estate was worth more than $300 million. She had signed a will that left most of it to 21 relatives, some of whom she did not even know. At some point, however, she reportedly signed a second will that negated the first, and this action eventually led to probate litigation after she passed away.

Issues that often spark disputes between heirs

When a parent dies, siblings usually grieve together. Whether the loss comes after a long illness or is sudden and unexpected, emotions are understandably frayed at such a stressful time. Sometimes, the heirs may also find themselves in conflict over the coming estate proceedings. In Illinois and elsewhere, it is important to know where to seek support if a problem arises.

Tips for avoiding sibling inheritance disputes

If you are grieving the recent loss of one of your parents, you will share this loss with your siblings. In some situations, the loss of a parent can bring siblings closer together. However, grief can also mean that people are more prone to stress and becoming involved in petty arguments. In the days and weeks after the loss of a parent, you may be especially sensitive to conflict. At the same time, you will have to deal with issues relating to the administration of your parent's estate.

When conditions are placed on heirs and beneficiaries

Illinois residents and others often execute thorough estate plans before they die. For those of high-net worth value, it is always a good idea as it allows estate owners to control what happens to their assets after they pass away. Some estate owners place conditions on money they wish to leave for heirs and beneficiaries. In fact, a woman in another state recently sought advice because she feels that her grandmother's inheritance conditions were unfair.

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