A Commitment
to Each Client.
Financial obligations can have a negative impact on an estate. Debts owed by the deceased individual can require payments using estate resources. Additionally, the personal representative administering the estate may also need to pay taxes. Many people with millions...
It is not unusual for families to drift apart. Life happens, differences grow, contact fades and sometimes relationships do not heal in time. When someone passes away and their will excludes an estranged child, it can raise deep questions. If you have found yourself...
If you are making an estate plan, you are fully within your rights to disinherit someone. You could remove a beneficiary from your will, revoking the assets they otherwise would have inherited. If you have a direct descendant who would automatically inherit in the...
One issue you may run into as you make your estate plan is that you have beneficiaries who are under 18. Maybe you’re thinking about leaving financial assets to your grandchildren. You know that they can use the money to pay for their college education a decade from...
No one likes the idea of their family tearing itself apart with lawsuits and will challenges after they are gone. That’s why many Illinois residents who create their wills insist that their attorneys include a no-contest clause, in an attempt to force their family...
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...
Two men in another state went into business together in the 1990s. They were co-owners of a motel and remained partners in business for approximately 25 years. One of the men has since died, leaving his three heirs his half of the business. As sometimes occurs in...
Illinois estate owners, as well as anyone who believes he or she is legally entitled to assets from a deceased person's estate, will want to seek clarification on numerous legal terms. For instance, many people confuse the terms heirs and beneficiaries, mistakenly...
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...
Rap music star/entrepreneur Nipsey Hussle was gunned down in front of his own clothing store some time ago. In the wake of his sudden, tragic death, complicated issues regarding heirs and beneficiaries have arisen that will undoubtedly have a significant impact on the...
