Blogs

Creating a Not-for-Profit Corporation in Illinois

There are many ways that private non-profit entities help and serve our communities. In this article, we will provide a brief overview of the types...

Can Minors Receive an Inheritance in Chicago?

When a person dies, their heirs or beneficiaries may be a minor. However, minors are unable to open a bank account on their own.

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Who can file a claim against an Executor?

Under Illinois law, an individual or business entity may file a lawsuit in probate proceeding. However, the individual or entity must have an actual legal...

Living Wills – What are they and do I need one?

A living will helps a person prepare for a time in which they are suffering from a terminal condition. These conversations are difficult and emotional...

Estate Planning: Intra-Family Loans

Many of our Estate Planning seek methods to help their family members become financially stable. A popular tool to minimize the tax implications, is to...

Probate: What is the Cost?

After a person dies, a probate estate may need to be opened to transfer property. This article will focus on the costs associated with opening...

Transfer on Death Instruments

After a person dies, his or her real property may need to be sold or transferred to a beneficiary of the person’s estate. Real property...

Power of Attorney for Property – An Agent’s Responsibilities

A Power of Attorney for Property document is a very helpful and very effective estate planning tool. You are able to name a person who...

Estate Planning – What is a Will?

In reality, many people think that a will is not necessary unless one has extreme wealth. However, a will can be useful if you have...

The Duty to Account – Illinois Power of Attorney for Property

Your agent will have a variety of duties to ensure that your financial matters and your property are managed properly.

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What are Common Types of Executor Misconduct?

The executor owes a fiduciary duty to the Estate’s beneficiaries. Accordingly, an executor is held to the highest standard of fair dealing and diligence when...

What is Financial Exploitation?

Elderly people are often victims of physical, emotional, or financial abuse. This article focuses on the financial abuse or exploitation of older individuals.

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