Blog

The Value of Inherited Real Estate
Estate Planning Attorney
Posted October 26, 2017

When a decedent passes away and leaves real estate to a loved one or heir, the beneficiary will eventually need to find out the property’s fair market value. This is true for a variety of reasons. For example, a beneficiary will need to report any taxable gain or loss on the sale when paying taxes. […]

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How to Prepare Your Estate Plan to Protect Your Minor Children
Estate Planning Attorney
Posted October 19, 2017

As a parent, planning and caring for the well-being of our children takes priority over most things in life. Without question, we want to be sure should anything happen to us, our minor children will be well looked after and that money or property we leave for them will be used wisely for their care. […]

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Creating a Transfer on Death Instrument
Estate Planning Attorney
Posted October 09, 2017

When a person passes away, his or her will must go through probate. Unfortunately, this can be a costly and time-consuming process. Fortunately, there are some ways to avoid probate, one of which is to create a Transfer on Death Instrument (TODI), which was made possible by the passage of The Illinois Residential Real Property […]

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Establishing a Charitable Trust
Charitable Trust Attorney
Posted September 20, 2017

While many testators write their wills or create trusts with their family members in mind, many also want to give some of their assets to charity. Although this could leave some relatives disgruntled, creating an airtight trust guarantees that the funds will be used according to the decedent’s wishes and will not be contested. If […]

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