When a person passes away, but has a will in place, the executor of his/her estate will distribute that individual’s property and assets, but only after the will has been verified and executed. This process can take a few months but is usually resolved relatively quickly if there are no disagreements about the disposition of […]
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While their names may be similar, there is actually a significant difference between a standard Last Will and Testament and a living will. The former, for instance, is a legal instrument that dictates how a person’s assets will be utilized and distributed upon his or her death. A living will, on the other hand, contains […]
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As estate planning lawyers, we know that the last thing anyone wants is a contested estate. Illinois, like every other state in the nation, has its own set of intestate succession laws, which dictate how someone’s property will be distributed upon his or her death if there is no estate plan in place. Generally, under […]
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Never assume that your heirs will do what you want with your assets after you are gone, this is why proper estate planning is crucial. While we may have people in our lives who we trust enough to dispose of our assets after our deaths, taking this approach is almost never a good idea. In […]
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