When you create an estate plan, you do so for many reasons. At the top of your list is the ability to decide where your assets end up upon your death. While there are many estate planning tools you can use to your advantage, there’s no guarantee of preventing a will...
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Month: June 2020
How to prevent others from contesting your will
When you create an estate plan, you do so for many reasons. At the top of your list is the ability to decide where your assets end up upon your death. While there are many estate planning tools you can use to your advantage, there’s no guarantee of preventing a will...
When can a family member challenge a will?
If you are an executor for your parents’ or family member’s estate, you likely will face challenges when settling your loved one’s estate. The process takes time, it can be complicated, and you can face difficulty with heirs who are unhappy about what their share is...
Heirs of Boy Scouts founder purchased dams to avoid taxes
When the sale of a property occurred in connection with the estate of the man who founded the Boy Scouts of America, the money from the sale needed to be reinvested. If the heirs of the BSA founder did not reinvest the money within a year, they would have to pay taxes...
Probate litigation: Is it avoidable?
When an Illinois resident dies, his or her will must be validated in probate court. However, if someone contests the will, it can lead to probate litigation, which can be a complex and stressful process. If an estate owner wishes to protect his or her loved ones...
