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Who Should Be Your Executor?

estate planning attorney

Selecting an executor is one of the most important decisions that you will make as part of your estate plan. Choosing the right executor can reduce the chances that something goes wrong in probate or there is a lawsuit against the estate. The executor is a manager and must have the right skills. Choose Someone Who Is Up to…

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What Does the Probate Court Do?

Lincolnshire probate attorney

The thought of probate court can be a scary place, and many people do everything that they can to avoid probate. A lack of knowledge about the probate court contributes to the fear that many people experience. In general, there are two functions of probate: Ensuring that creditors are paid back from the assets of the estate Ensuring that…

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When is it Time to Draft a Will?

Lincolnshire Estate Planning Attorney

Drafting a will is something that people put off for many reasons, not the least of which is that they do not want to deal with some of the thorny issues involved. However, the cost of not having a will can be something that your loved ones have to bear when you are not here. Accordingly, “now” is always…

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When Should You Call a Probate Attorney?

Lincolnshire, Il probate attorney

There is no legal requirement for a personal representative to hire a probate lawyer in Illinois. However, this should be something that you should almost always consider. Estates valued at over $100,000 or that have real estate must go through the probate process. By definition, this means that there will be some complexity. Probate itself can be a very…

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What is the Probate Process for a Small Estate?

Lincolnshire and Lake County, IL Probate Lawyer

People should avail themselves of every possible opportunity to avoid the probate process because it can be tedious and time-consuming. Thankfully, Illinois does not require that every estate go through probate, as there is an exception for estates under a certain value. In Illinois, the requirement for an estate to be considered small is that it is valued at…

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Who Will the Court Appoint as an Adult Guardian?

guardianship lawyer

Disabled adults need people to manage their personal and financial affairs when they lack the capacity to do so. The court will appoint a guardian in a special proceeding. The court has the discretion to appoint who it wants, but it will usually consider certain factors before making the decision. Guardianship is a decision that the court weighs heavily…

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Who is a Beneficiary of an Estate?

Libertyville Estate Planning Attorney

Every estate has people who are legally entitled to receive the assets. These are the beneficiaries. Ideally, they are set forth in the will or estate plan that details how the property is to be distributed. It is up to you to review your own situation to decide who will be the beneficiaries. There are few limitations on who…

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Understanding the Role of Executor

Libertyville Estate Planning Attorney

The estate’s executor serves an incredibly important role. This is why it is best to use great care in selecting the person who performs this duty. Before choosing an executor, it is important to understand what they do with regard to the estate. Simply stated, the executor handles the estate. They are responsible for managing all the property until…

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What Does a Probate Judge Do?

Libertyville Estate Planning Attorney

Probate is something that concerns many people dealing with an estate. The process can be tedious and time-consuming. However, some families manage to make it through probate with a minimum of difficulty. The judge can play an important role in the probate process. Your best hope is that the probate court judge performs mostly an administrative function in your…

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Estate Plan

estate plan

BASIC BULLET POINTS FOR THOSE THINKING ABOUT DOING AN ESTATE PLAN By Chuck Newland Doing an Estate Plan, whether it’s a Will or a Trust plan, is a personal choice based on your priorities. Don’t let yourself be talked into something that doesn’t meet your specific needs and don’t settle for less than what you want accomplished. Allow yourself…

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