As the administrator or executor of an estate, you will likely find yourself in a situation where you have to make difficult decisions about assets, especially if the last will or estate plan instructs you to liquidate physical assets and distribute the proceeds among the heirs.
Maximizing the value you get for a home sale as executor
How to avoid probate litigation stress
Before 2020 ends, many Illinois residents will die. This means that, in many cases, surviving family members or perhaps friends or other acquaintances may have probate litigation issues to resolve. Maybe someone designated you as an executor to an estate. Perhaps, you are listed as an heir or beneficiary in a person's last will and testament.
Support for Illinois heirs and beneficiaries
Every Illinois estate owner can execute a unique plan to protect assets, transfer property, list instructions for business succession and more. Many estate owners include documents in their plans that pertain to heirs and beneficiaries. Issues pertaining to a person who is designated to receive property or assets through a will or a trust can be complex, which is why it is best to speak with someone well-versed in estate law if a complication arises.
Helping your parent plan their estate when they have dementia
Those who are suffering from dementia can start with very mild symptoms. It may be that they have no problem living their day-to-day life, but they become forgetful or often lose their possessions. Mild symptoms of dementia does not necessarily mean that they will be unable to plan their estate.
Probate litigation: Early planning can help avoid disputes
Many Illinois households include a family member with Alzheimer's or other neurodegenerative disease. Mental incapacitation impedes a person's ability to validly sign estate planning documents. Several celebrity families have become entangled in probate litigation over such issues after their loved ones' deaths.
No need to hesitate about a last will and testament
There are many reasons that Illinois residents and others tend to avoid discussions about end-of-life topics. This avoidance often causes procrastination when it comes to writing a last will and testament. In fact, some people even believe that executing a will invites an early death.
