Everyone is eventually going to die. While many Illinois residents would rather not talk about their own mortality, others understand that doing so can help them execute strong estate plans that allows them to choose how their assets will be distributed when the time comes to administer their estates. Even in closely-knitted families, disagreements often arise among heirs and beneficiaries, especially if the estate owners in question did not take steps to help them prepare.
Helping heirs and beneficiaries prepare for the inevitable
Heirs of estate prepared to fight back over reverter clause issue
Illinois high school football fans often gather under stadium lights during annual seasons, cheering on their favorite teams. Many high schools play football or host other activities on land or in buildings that exist thanks to donations from benefactors who are now deceased. In fact, a school in another state plays all its home games on property that was donated by a local married couple in 1927. A legal problem has arisen regarding the land, and the heirs of the estate are speaking out against school officials, who have filed a lawsuit to gain control of the land.
Bob Marley heirs win appeal regarding trademark dispute
Many Illinois residents and those in other states who inherit property or money often encounter legal challenges when they set out to claim what they are entitled to receive. The heirs of former reggae singer Bob Marley have been entangled in a legal dispute regarding a trademark issue. An appellate court judge recently ruled on the matter and upheld an earlier federal court decision, which has reportedly greatly pleased the Marley heirs.
Heirs have been entangled in dispute since 1954
A situation regarding ownership of an 11-acre island has been ongoing for decades now. Illinois landowners planning their estates may want to take note of this case to help their heirs avoid similar problems in the future. A key factor in this particular situation appears to be the way the estate owner worded things (or failed to stipulate them) in her last will and testament.
Prevent probate problems for heirs and beneficiaries
Many Illinois residents avoid discussions about mortality, which is not atypical, as most people would rather think of something other than the fact that they are going to die someday. However, executing a solid estate plan while you're of sound mind can have many benefits. One of the most important things you can do by planning ahead is help your heirs and beneficiaries avoid probate trouble.
Millionaire's heirs and beneficiaries are battling over her death
A retired school teacher in another state who is now deceased was married to a scientist (also now deceased) who pioneered studies of cloning. Following her husband's successful and prestigious scientific career, the former teacher's estate was worth more than $5 million when she died. The woman's heirs and beneficiaries are now battling, not only over her estate but also over her actual death.
Resolving estate problems when heirs and beneficiaries disagree
When an Illinois estate owner executes a final will and testament, updates and changes can be made as needed, provided the estate owner is of sound mind and wishes to do so. Once he or she passes from this life, however, the terms of the final will and testament, as written before death, must be carried out. If heirs and beneficiaries disagree, things can get quite complicated.
Heirs and beneficiaries of James Brown lock horns over legacy
Soul music icon James Brown entertained rock and roll music fans in Illinois and throughout the nation for decades. At the age of 73, the "Godfather of Soul" passed away in 2006. Since then, those who believe themselves to be his lawful heirs and beneficiaries have been engaged in a contentious battle in probate court. The situation has only escalated in the past 12 years, and several cases are now headed for federal court.
A clause that can prevent feuds between heirs and beneficiaries
Illinois estate owners, in particular those who are parents, have no way of knowing how their loved ones will act once they die. While no one wants to think that his or her heirs and beneficiaries will fight over the belongings the estate owner leaves behind, it occurs far more often than might be expected and can lead to permanent rifts between family members. There are several ways to help loved ones avoid such problems, however.
Heirs and beneficiaries: No will often leads to legal problems
Soul music fans in Illinois and throughout the world are mourning the recent passing of Aretha Franklin. Her music topped the charts for years and continues to touch the hearts of millions. Franklin died at age 76, after battling pancreatic cancer. As often happens in situations where people do not execute last wills before they die, Franklin's potential heirs and beneficiaries may face complications.
