When a parent dies owning a family business, the value placed on it shapes what every heir receives. If one sibling ran the business and controls its books, other heirs may question whether the estate's number reflects its true worth. Probate lets heirs challenge a...
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lake forest illinois trusts and estates law blog
The advantage of a springing power of attorney
A power of attorney is an important part of an estate plan because it identifies certain individuals who can make decisions on another person's behalf. A power of attorney can often address legal, financial or medical decisions. For instance, someone could have a...
A disinheritance can lead to estate disputes
There are many potential reasons for estate disputes, which can lead to litigation. Beneficiaries and family members may not agree on how an estate should be addressed or what was actually intended in the estate plan. One example is if a specific beneficiary has been...
3 benefits of irrevocable trusts
An irrevocable trust typically cannot be changed after it is created. It provides strict guidance on how assets should be handled and how ownership is defined. There are some benefits to using an irrevocable trust, and it is important to consider them when putting...
What should you include in your estate plan?
What happens to your assets after you pass away? This question is often decided by your estate plan. An estate plan is a legal arrangement that allows you to decide how your assets are distributed after you pass away. There are several important documents in an...
Estate planning essentials for unmarried long term partners
If you and your romantic partner have been in a long-term relationship with no plans to marry or to go your separate ways, you may “feel” married. It’s important to understand, however, that in some very important ways, you each lack legal protections that married...


