Navigating the aftermath of a loved one's passing can be emotionally draining. When probate becomes a battleground for family members, it can add another layer of heartache to an already difficult time. Probate disputes can stir up tensions, create new rifts and...
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lake forest illinois trusts and estates law blog
Sentimental items may lead to estate disputes
In some cases, it may be fairly easy for heirs to identify how to split up financial assets. For instance, maybe you and your siblings were given a will by your parents. It splits all of their finances up equally, so you each get the same portion. But that doesn’t...
Can you keep your loved ones from having inheritor’s guilt?
No reasonable person creates an estate plan with the intention of making their loved ones feel guilty or undeserving of their inheritance. However, many people do suffer what’s known as “inheritor’s guilt.” Often, this happens when someone receives a large and...
Is it too late to start estate planning?
It's beneficial to begin estate planning at an earlier age. However, if you didn't do so, you can still draft your estate plan documents at an older age. It's almost never too late to create a plan, but your experience may be different. Here is what you should know:...
Do you need to have a close relationship with your executor?
When creating an estate plan, you need to appoint someone who will take your will to probate and ensure your wishes come true. Executors have crucial duties, making them an integral part of your plan. So, do you need to have a close relationship with them? Yes and no....
Addressing creative works in your estate plan
In estate planning, the needs of artists and creatives can often be unique and complex. Their estates usually comprise tangible assets and a rich tapestry of intellectual property. Preserving and managing this intellectual property necessitates a proactive approach to...