Tag: estate planning

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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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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Estate Planning FAQ

estate planning FAQ

Most people have a basic understanding of an estate plan, though they may have many questions about the specifics of the estate planning process. You should never hesitate to speak with an estate planning lawyer in Illinois about your individual situation, and the following are only a few of the questions we regularly answer. When is it time to…

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