Much of the wealth in the United States is created by business owners. Although many owners start out as sole proprietorships, as the business grows, they may want and need to consider a more formal approach to owning their business. The key question is how to choose among entity options. First, seek advice. Because of […]
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What Happens If An Estate Is Not Closed In A Timely Manner? In Illinois, If an estate is not properly probated and closed in a short period of time, there are a number of possible consequences that could jeopardize the estate. For starters, the statute of limitations for creditors’ claims is extended, giving them more […]
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Many people assume that estate taxes and probate courts are the biggest threats that decedents and heirs alike face when it comes to the proper administration of an estate. While it is true that the probate process can make it more difficult and more time-consuming for heirs to collect their inheritances and estate taxes can […]
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