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.
What is the Illinois Financial Exploitation of the Elderly Act?
As people age, they become more susceptible to financial exploitation by those around them. Unfortunately, these types of incidents are becoming more common and represent a growing problem.
Do I need to file a will in Illinois?
When a loved one dies, the family and friends who are left behind are often confused about their next steps. Amidst their grief, survivors must navigate unknown territory.
What are the Responsibilities of an Executor of a Will?
In a will, an individual identifies an executor to represent his or her estate. Some of the duties of the executor are as follows.
What is a will contest?
A will contest is a lawsuit brought before the probate court in Illinois. If successful, a will contest lawsuit will invalidate the will that was attacked.
What is a small estate affidavit?
The small estate affidavit is a useful tool to transfer property after someone dies. It allows for the transfer of a decedent’s assets without the need to open a probate estate.
What is an advance directive in estate planning?
Advance directives are an essential part of estate planning. An advance directive is a document that spells out your wishes for the time period in which you are unable to make your own personal, financial, and health decisions
What is a durable power of attorney in Illinois?
A “Durable Power of Attorney” will stay in effect even after the principal is incapacitated. The durable power of attorney ends only after the principal dies.
What does “probate” mean in Illinois?
The probate process in Illinois is the process in which a person’s assets are distributed after they die. It may also be related to a person who has become permanently disabled and needs a guardian.
When is a transfer presumed to be fraudulent?
How does one know if the law will presume a transfer is fraudulent? In Illinois, the courts have determined that if certain “badges of fraud” are present, then the transfer is likely fraudulent.