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Requirements for a Valid Will

drafting a will

Every state sets out laws with requirements for drafting a valid last will and testament. It is important to make sure your will meets all the necessary requirements to prevent will contests during the probate process. In Illinois, some basic requirements include the following: You must be at least 18 years of age You must sign the will in…

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How Long Does Probate Take?

Illinois probate attorney

After a loved one passes away, the last thing you want is to go through a complex legal process. However, in most situations, it is necessary to resolve a probate case before the deceased person’s estate can be distributed and closed. It is natural to wonder: how long does this generally take? While no two probate cases are the…

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Bankruptcy for Sole Proprietors

Chapter 7 bankruptcy attorney

Many people begin operating a business on their own without formally creating an LLC or corporation with the state. This is called operating a sole proprietorship, and there are benefits to doing so, such as no filing requirements and simple pass-through taxation. However, in exchange for these benefits, sole proprietors receive no protections from personal liability for the debts…

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Chapter 7 Bankruptcy Filings Might Increase in 2020

chapter 7 bankruptcy lawyer

There is no doubt that 2020 has been a year that will go down in history. Unfortunately, many households will remember 2020 as a year of unemployment and financial struggles. Whether you were temporarily furloughed, had your hours reduced, or lost your job entirely, your family might have fallen behind on debts and/or relied on credit cards to get…

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Trust Administration Disputes

trust administration

A critical part of creating a living trust is to choose who will be the successor trustee. A successor trustee takes over the management and administration of the trust if the trust creator becomes incapacitated or passes away. A trustee stepping in has many duties related to trust administration, including a fiduciary duty to the beneficiaries of the trust….

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Are You the Executor of a Will?

will attorney

When people draft a last will and testament, one important step is to select another individual to serve as the executor of the will. This means that after the will-maker (testator) passes away, the executor will be in charge of administering the estate as instructed in the will. This can involve several different complex tasks, and many executors can…

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Do You Have Reason to Contest a Will in Probate?

probate

When a will is submitted to the probate court following a death, the court must approve the will as valid before the probate process can proceed. While most wills are deemed valid, there are situations in which someone might have reason to challenge the validity of certain provisions or even the entire will. The following are only three examples…

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Duties of a Trustee

trustee

When you create a revocable living trust, you will be able to manage and access the trust property until you pass away or become incapacitated. Then, a person you designated will need to take over the management role as your successor trustee. This trustee will have numerous duties and must conduct these duties while maintaining a high standard of…

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Types of Trusts

trusts

Trusts are popular estate planning tools, and different kinds of trusts have different purposes and benefits. The following is a brief overview of types of trusts – to discuss the best kind for your specific situation, you should consult with an experienced estate planning lawyer in Illinois. Revocable Living Trust – This is a trust that you can manage…

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Grounds for an Illinois Divorce

divorce

Divorce laws can vary significantly from state to state, especially when it comes to the grounds you cite when petitioning the court for a dissolution of marriage. All states now allow no-fault grounds, though other states also give you the option to cite fault-based grounds, such as adultery, cruelty, or substance abuse. Illinois overhauled its divorce laws in 2016,…

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