James F. Cotter died in 2017. Known for his real estate empire and cowboy lifestyle, he suffered a cardiac arrest, leaving behind five children and a wife. Cotter's heirs and beneficiaries are in the midst of an acrimonious legal battle over his estate.
Many adults in Illinois are children or grandchildren of recently deceased elders. Some situations no doubt involve disputes between heirs and beneficiaries. Sadly, such circumstances are not all that uncommon and can be quite challenging to resolve. A woman who is the granddaughter of a recent decedent in another state understands just how difficult it can be as she is fighting several local agencies over $60,000 in life insurance her grandma apparently wanted donated upon her death.
Country music fans in Illinois and throughout the world mourned the passing of Glen Campbell after his long, arduous battle with Alzheimer's disease. Now, Campbell's heirs and beneficiaries are fighting over his estate, reportedly worth $50 million. On one side of the estate battle is Campbell's widow; on the other, several of his children.
When more than one Illinois resident inherits the same piece of land, problems may arise down the line if all owners do not agree regarding what should happen with the land. Heirs and beneficiaries can run into some serious legal issues if, for instance, not all joint property owners concur that the property should be sold. This is basically what happened in a particular case in another state.
As a parent, you're well aware that your kids are going to fight. Conflict is inevitable. It's how you plan for it and respond to it that counts.
Many aging parents in Illinois rely on at least one of their adult children to act as primary or assistant care providers as they live out their golden years. Some wind up leaving their homes and taking up residence in nursing homes or other assisted living facilities. Sadly, it's not uncommon for heirs and beneficiaries to begin to fight over money they believe is meant for their inheritance but is instead being used to pay for living arrangements and care.
When an Illinois resident executes an estate plan to distribute his or her assets to various family members or others, documents may be customized to suit individual wishes and long-term goals. For instance, many estate owners include advanced medical directives in their plans because they want or do not want certain types of care and wish to place their instructions in writing in case they become incapacitated and unable to speak for themselves during urgent medical situations. Where heirs and beneficiaries are concerned, problems may arise if one or more parties contest a will.
Most Illinois parents likely do not expect their children to engage in physical brawls in their front yards when they die. Some may be surprised to learn it may be more of a risk than they realize. According to those who regularly assist heirs and beneficiaries in the probate and estate administration processes, children and other relatives of deceased estate owners often fight over seemingly worthless items.
When a person unexpectedly dies, family members may disagree about inheritance. While not every Illinois resident's estate may be valued as high as that of former TV star Alan Thicke, many may relate to a raging battle that has ensued among his heirs and beneficiaries. Thicke's death brought sorrow to many, including 1980s sitcom fans who enjoyed his shows; his two sons, Robin and Brennan, are apparently worried that Thicke's third wife may try to get more than she is entitled to by inheritance.