Category: Estate Planning Lawyer

How to Prevent Family Disagreements in Contested Estates
Contested Estates
Posted March 03, 2021

Family disagreements in contested estates are extremely common. While there isn’t really any way to guarantee that your estate won’t be contested after your death, there are several steps you can take to help prevent this outcome. For instance, talking about your estate plan openly with your family members can help avoid confusion and disputes […]

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What is the Difference Between a Will and a Trust?
Estate Planning
Posted February 18, 2021

Wills and Trusts One of the best ways that we can help protect our assets and provide for loved ones is to create a will or trust. The former is a legally enforceable document in which individuals can state how they want their assets to be distributed upon their deaths. Trusts, on the other hand, […]

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How Simple Wills Can Lead to Contested Estates
Contested Estates in Chicago
Posted January 20, 2021

For most of us, choosing the simpler route is usually preferable to engaging in a time-consuming or complex process. However, this does not always translate to the estate planning process, where planning a simple estate may be easier in the short-term but cause more problems later. To learn more about the ins and outs of […]

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Proper Estate Planning to Pass Assets Tax Free
Chicago Estate Planning
Posted January 06, 2021

While taxes may be the last thing on your mind when planning your estate, the reality is the repercussions of certain bequests can have significant tax-related repercussions down the road. One of the best ways to avoid a surprise come tax time is to speak with Alan G. Orlowsky, an experienced Chicago estate planning lawyer […]

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Removing an Executor from an Estate
Executor of an Estate
Posted December 23, 2020

When a person passes away with a will in place, his/her assets will be distributed according to that estate plan. However, administering these bequests does require the help of an executor, who is also usually named in the will. While these individuals owe a fiduciary duty to the beneficiaries of the estate they administer, an […]

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Accounting Income Taxes in Your Estate Plan
Chicago Estate Planning
Posted December 09, 2020

The estate planning process is complex. It involves more than just deciding which heirs or beneficiaries will receive a person’s assets. Testators will need to grapple with complicated tax-related issues when planning their estates, including how to save their loved one’s from paying excessive income and transfer taxes upon inheritance. While this was often more […]

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Avoiding a Freeze on Your Bank Account
Estate Planning Attorney
Posted October 07, 2020

The death of a beloved relative is one of the most difficult ordeals a person can go through. While it is true nothing can prepare a person for such a loss, taking certain steps ahead of time can help ease some of the financial burden shouldered by those left behind. For instance, some family members […]

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Preventing Others from Contesting Your Will
Contested Estates Attorney
Posted August 19, 2020

Testators create estate plans for several reasons, but one of the most common is to ensure property owners can decide what happens to their assets after they die. However, this goal can be thwarted by beneficiaries and heirs who may claim a will does not actually represent a person’s true feelings. Fortunately, there are a […]

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Your Will Needs To Be Valid, Is It?
Estate Planning Attorney
Posted July 19, 2019

Drafting a will is one of the best ways testators can ensure their assets will be distributed as they wish. This is only possible if a person’s will is created in adherence with state standards. Failing to do so can lead to a provision being struck from the will or can even result in the […]

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The Importance of Updating Your Estate Plan
Estate Planning Attorney
Posted April 09, 2019

Planning one’s estate can be a complicated, and often emotionally taxing, experience. For these reasons, many testators are more than happy to put estate planning out of their minds when the process is complete. While the comfort of knowing that your family will be taken care of in the event of your unexpected death should […]

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