What is a fraudulent transfer in Illinois?
The term “fraudulent transfer” refers to a transfer of property which is made for the purpose of deceiving a creditor and inhibiting the creditor from collecting a debt owed.
What is the Estate Tax?
The federal estate tax is a tax on property that passes from a deceased person’s estate to their heirs. This tax affects only the wealthiest families in America.
Types of claims against an Illinois probate estate
If the individual owed money during his or her life, then that debt remains, and it is the responsibility of the decedent’s estate to pay that debt.
Common Asset Protection Issues
The cardinal rule of asset protection is that the planning must be put into place well before there is a claim against you or any of your assets.
Identifying Elder Abuse and Financial Exploitation
If you believe that your elderly loved one is the victim of abuse, you should contact a qualified elder law attorney immediately to discuss your options.
How Do I Contest a Will?
Contesting a will is not usually a simple matter. There are, however, some specific legal grounds for contesting a will that can be used successfully.
Can a “Deadbeat” Parent Inherit from the Neglected Child?
At Hays Firm, we recognize that an individual’s family does not always include those people who are defined as “family” under the law.
What is Probate?
The word “probate” often makes people nervous or worried about an extended legal battle. Most simply, probate is the court process of appointing a personal representative to handle someone’s affairs after he or she dies.
What Happens If I Don’t Have a Power of Attorney for Healthcare?
With a Power of Attorney for Healthcare, you can nominate a person to act on your behalf to make decisions based on your personal values and wishes if you are unable to make these decisions yourself.
How Do I Execute a Valid Power of Attorney for Healthcare?
As we have discussed in previous blogs, the Power of Attorney for Healthcare is one of the simplest and most effective estate planning tools.