Power of attorney – How to sign the document?
A well-crafted Estate Plan includes power of attorney documents that name an agent that can make decisions for you when you are no longer able to.
Power of attorney: What happens if you do not have one?
The judge will appoint a guardian on behalf of the disabled person and the guardian can take some of the same actions as an Agent under a Power of Attorney.
What is Elder Law?
Our firm encourages any individual aged 50 or over to review his or her estate plan, including wills, trusts, and power of attorney documents.
Power of attorney for property – What decisions can your agent make?
The future may entail a period of time in which our clients are incapacitated and unable to make their own financial decisions. A Power of Attorney for Property addresses this scenario.
Planning for incapacity and power of attorney for healthcare
When elder law attorneys discuss incapacity, they are referring to an individual’s mental ability, whether a person can make personal decisions and financial decisions.
What happens if I do not have a power of attorney for property?
A Power of Attorney for Property document is useful while an individual is still alive. Unlike a will, the terms of a Power of Attorney for Property document are not effective after you die.
Grounds for contesting a will in Illinois
If you discover that your loved one left behind a will which does not appear to reflect their true wishes, you should consult with a qualified estate litigation attorney immediately to discuss initiating a will contest lawsuit.
Contesting a will in Illinois based on lack of capacity
Illinois law recognizes that any testator (the person who executed the will) must have sufficient mental capacity to complete his or her will (also known as “testamentary capacity”).
Contesting a will in Illinois based on undue influence:
Illinois law provides that those individuals who are improperly excluded from a loved one’s will can challenge the validity of the will based on a claim of undue influence.
What is the difference between Estate Tax and Inheritance Tax?
It is easy to confuse the terms “estate tax” and “inheritance tax”. Most people do not know if these terms are synonyms or if they are actually different types of taxes.