Estate administration can take a year or longer, especially if there are disputes involved. Probate litigation can arise if there are questions about the legitimacy of estate documents. Lawsuits also frequently follow complaints about the conduct of a personal...
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lake forest illinois trusts and estates law blog
Trustee misconduct: Warning signs beneficiaries should watch for
When someone creates a trust, they expect the trustee they choose to manage the assets effectively and carry out their wishes. Trustees have a legal obligation to act in the best interests of the beneficiaries. However, not every trustee fulfills those duties as they...
Why business owners need a succession plan in their estate plan
Most adults know that they should have an estate plan in place to guide their loved ones about various matters if the creator becomes incapacitated or passes away. They may not realize that business owners need to have a component that other people don’t. Business...
How can wealthy families reduce trust disputes?
A large estate can give a family comfort, opportunity and security. It can also create pressure. When a trust holds business interests, real estate, investment accounts or inherited family property, small misunderstandings can turn into serious fights between...
Consider this decision with spendthrift trusts
Estate planners often find that adding a spendthrift trust can better suit the needs of an heir than a standard trust. These kinds of trusts add an effective barrier between the principal of the trust and your heir. Spendthrift trusts are especially useful when an...
3 qualities an estate executor needs
When choosing someone to administer your estate, it’s better to choose someone yourself and get their approval than leave it to a court to have to appoint someone you may not have wanted. Naming the right person for this job is crucial. Here are three of the qualities...


