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Posts tagged "Heirs and Beneficiaries"

Issues that often spark disputes between heirs

When a parent dies, siblings usually grieve together. Whether the loss comes after a long illness or is sudden and unexpected, emotions are understandably frayed at such a stressful time. Sometimes, the heirs may also find themselves in conflict over the coming estate proceedings. In Illinois and elsewhere, it is important to know where to seek support if a problem arises.

When conditions are placed on heirs and beneficiaries

Illinois residents and others often execute thorough estate plans before they die. For those of high-net worth value, it is always a good idea as it allows estate owners to control what happens to their assets after they pass away. Some estate owners place conditions on money they wish to leave for heirs and beneficiaries. In fact, a woman in another state recently sought advice because she feels that her grandmother's inheritance conditions were unfair.

Heirs of Aretha Franklin continue to fight over her estate

The judge overseeing litigation regarding late soul music superstar Aretha Franklin's estate has ordered court supervision of the administration of the estate. Franklin's heirs, namely, one of her four sons, is challenging the appointment of the late singer's niece as estate representative. The situation has sparked opposition between the brothers.

Executrix wants court to change beneificiary designation

Even if an Illinois estate owner signs a last will and testament, disputes may arise when the time comes for the estate to be administered. A situation is currently unfolding in another state where an estate administrator has petitioned the court to change the beneficiary designated on a retirement account. The plaintiff has filed a lawsuit against the decedent's sister as well as a financial services company.

Heirs and beneficiaries: Complex issues in Nipsey Hussle case

Rap music star/entrepreneur Nipsey Hussle was gunned down in front of his own clothing store some time ago. In the wake of his sudden, tragic death, complicated issues regarding heirs and beneficiaries have arisen that will undoubtedly have a significant impact on the lives of his two children. Members of his immediate family, as well as the biological mothers of each of his children, are entangled in litigation regarding approximately $2 million the kids are in line to inherit. Illinois residents facing similar issues may want to follow this case.

Heirs and beneficiaries: Avoid stress over a decedent's home

When a loved one dies, his or her Illinois home might wind up being sold. It may also be left as an inheritance to certain heirs and beneficiaries as designated in a last will and testament. However, if a person dies without having executed a will, what happens to the home may be complicated and may even spark discord between family members.

Heirs and beneficiaries: State laws affect inheritance

If someone in Illinois dies after signing a last will and testament, someone else, such as the decedent's spouse or other immediate family member may stand to inherit a portion or all of his or her estate. State laws vary regarding heirs and beneficiaries. That is why it is always helpful to speak with someone well-versed in estate planning issues in this state, if one has questions or concerns about a particular inheritance situation.

Helping heirs and beneficiaries prepare for the inevitable

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.

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.

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