Legal Blog
Real Estate Closing Costs in Illinois
Closing costs is an umbrella term used for a realtor commissions, taxes, title related fees, filing fees, and other costs due at closing. A closing...
What You Need for an Islamic Will
Much like the American common law, Islamic laws provide a code of practice for Muslims in estate planning. This specifically includes provisions regarding the transfer...
Like-Kind Exchanges Under IRS Code Section 1031
Like-kind exchanges are regulated by Internal Revenue Service Code Section 1031, and sometimes they are referred to as Section 1031 exchanges. For tax purposes, these...
The Probate Process in Illinois
In Illinois, the probate process makes sure that a deceased person’s property and assets are distributed correctly and that any debts or taxes are paid in full....
How Do You Know if You Need Title Insurance?
Performing a title search and obtaining title insurance are two common requirements homebuyers encounter, particularly during the mortgage closing process. Simply put, the title is the official...
Millennials’ Frequently Asked Questions About Estate Planning
Thinking about death is not fun. It’s morbid and depressing, and as a result many young people believe that is state planning is typically something...
Things to Keep In Mind When Buying Commercial Property
Regardless of whether it’s commercial or residential, any real-estate transaction can be overwhelming. They are typically full of long negotiations and complex contracts, and the...
Staying Safe with Your Power of Lawyer
Power of attorney documents are legal forms that most people encounter at some point in time in their lives. These documents may be common, but...
Five Tips for Negotiating Your Next Commercial Lease
Despite what people may tell you, just about everything in life is negotiable. This is particularly true in the world of commercial real estate. Commercial...
Should a Charitable Trust Be Part of My Estate Plan?
There are many options available to you in designing an estate plan that is just right for you and your goals, and with the help...
What Happens if You Inherit a Property in Foreclosure?
Knowing what will happen to your home or real estate properties after you pass is an important part of proper estate planning. However, it is...
What Happens If Your Landlord Defaults on the Mortgage?
What happens if your landlord ends up in foreclosure after defaulting on the mortgage? In most U.S. jurisdictions a tenant cannot be immediately evicted or...