A Commitment
to Each Client.
Most estates will pass through probate. This is a court-administered process supervising the execution of a deceased’s estate. It can take months, or in complex cases, years. During this time the beneficiaries will be unable to access the assets they are due to...
After you pass away, your adult children could get involved in an estate dispute. This is something that many parents worry about because they don’t want siblings to become estranged or to have a long-term falling out over their inheritance. How do you prevent this...
There are numerous documents people can use when drafting an estate plan. Some of them take effect while the testator is still alive, while others only have authority after their death. Testamentary documents that gain authority after someone's passing are often the...
If you just leave an inheritance to someone in your will, you don’t have any control over how they use it. They won’t get it until you pass away, and then they will take direct ownership. If you give a beneficiary $50,000, they could spend it on anything from a...
A no-contest clause essentially means that beneficiaries are not allowed to challenge an estate plan. If they do, then they don’t get an inheritance. For example, say that there are two beneficiaries, one who receives $100,000 and another who receives $500,000. The...
When life throws curveballs, ensuring that your estate plan reflects any significant changes can help your arrangements function properly. A divorce is one life event that may warrant some alterations to your existing plan. In Illinois, this transition period offers a...
