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What is Probate?

Probate is the court process of administering an estate after the death of an individual. An estate is deemed everything a person owns, but in this context, it refers to either individually owned or trust owned property.  The Probate process is not merely limited to lawfully distributing assets.  It is also the venue to determine […]

When Should You Consider Changes to Your Estate Plan?

It is beyond debate that estate planning is a time and money investment that provides inestimable financial benefits for all families regardless of whether there are children or an array of financial assets. Creation of an estate plan is the first step, followed by the process of re-titling assets if the estate plan features a […]

Asset Division in Illinois

Throughout a marriage, couples acquire assets, that later are often deemed “marital property”. In the course of a divorce proceeding, if the spouses cannot agree, the court will decide the manner and amount of the division of assets (and debts). A judge will first characterize assets to be either marital or non-marital property.  While this […]

Why a Business Needs an Attorney

Starting a business is an energizing experience for those with the entrepreneurial spirit that often involves developing a partnership with various individuals – an accountant and a commercial banker for example. Often, business owners may overlook the benefits of legal representation both in forming the business and then beyond. Below are some reasons why having […]

Do Your Children Need Health Care Directives?

Ashley was ready to begin her freshman year away from home in Minnesota. When August finally arrived, her parents, Donna and Brad, drove her to the place she would call home for the next four years. Things were going well, and she was enjoying her new-found independence. She also made a lot of new friends. […]

Do You Need an Estate Plan?

Do you own a home? Have financial assets like stocks or savings accounts? Are concerned about what will happen to your minor children should you pass? Want to ensure your property is distributed in a certain order? If you answered yes to any of these questions, you need to consider estate planning. Estate planning is […]

What to Do After You Have Created a Trust

Estate planning trusts can be one of the more valuable options available to administer an individual’s financial affairs during a disability or at their death.  Clients have often found that a living trust is superior to other methods.  Most individuals understand that a trust involves the creation of a document (similar to expressing one’s wishes […]

Retirement Plan Trusts

Do you have an IRA or 401(k)? You may want to consider a retirement trust as a part of your estate plan. A majority of Americans have some type of retirement account. A retirement trust allows you to manage those accounts with distributions after death controlled in one document. Retirement trusts provide value to your […]

New Pet Custody Law in Illinois

Pets have always been considered property in the eyes of the law. A new state law, effective January 1, 2018, now allows a judge to determine custody for companion animals within the context of a divorce proceeding. The law, which excludes service animals, was introduced by Democratic Senator Linda Holmes (Aurora) and treats pets like […]

Protect Your Estate during a Divorce

  The legal process of divorce can be overwhelming emotionally, especially as it relates to the financial disruption that occurs with the divorce process.  Each divorcing person has an interest in protecting their financial future-not just the near term, but also following their death.  Too often the divorce process focuses attention on the immediate change […]

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