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Friday, June 15, 2018

Incentive Trusts

One thing many people worry about is the best way to provide for their loved ones after they are gone. Sometimes, we want to leave assets or property to a family member, but worry about things like spending habits that may lead him or her to squander an inheritance. The desire to best serve our nearest and dearest lasts indefinitely. Fortunately, estate planning can help us fulfill this goal. One valuable tool in estate planning is the incentive trust.


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Tuesday, May 29, 2018

Putting Your Eggs in One Basket

Marriage is a wonderful thing. People are happy, they are in love, they are in a certain state of euphoria. Then something happens and the people who were once in love…can’t stand each other. People become bitter, vengeful, and completely unlike themselves. They try to work things out, but nothing helps.


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Thursday, May 24, 2018

Third Party Special Needs Trusts

Establishing a special needs trust can be an invaluable part of the estate planning process. A special needs trust is a specific type of trust used to provide supplemental support to a person with disabilities without jeopardizing the individual’s continued receipt of government benefits. You may have a loved one with special needs who you wish to provide for so that they always have a certain standard of living.


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Tuesday, May 15, 2018

Dying Without a Will

While many people might have to create a will on their to-do list, they may not realize the consequences that come with passing away without having a valid will in place. When someone dies without creating a legally valid will, it is referred to as dying “intestate.” Without a will, all assets that pass through probate are subject to state intestacy law. These are the default laws of distributing the estate of a deceased individual, referred to as the “decedent,” and may not necessarily be in line with what the decedent would have wanted had had he or she memorialized his or her wishes in a will.


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Friday, May 11, 2018

Advance Health Care Directives

An advance health care directive is an important part of developing a comprehensive estate plan and critical to making sure your wishes for your health care treatment are always honored. An advance health care directive is a legal document that memorializes how you want medical decisions made on your behalf if, at any point in the future, you are unable to make them yourself. Two of the most important advance directives you can put in place include: health care power of attorney and a living will.


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Tuesday, April 24, 2018

Tips When Buying Your First Condo

Working towards the purchase of your very first condo is an exciting time. It is a different adventure than purchasing a house, but a still a significant undertaking in the pursuit of a place to own and call home. To help ensure you are buying the right condo for you and to help make the purchase process a bit less stressful, we have outlined some tips to keep in mind along the way.


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Friday, April 20, 2018

Short Sales: The Good and The Bad

While you may have heard about people getting great deals on homes through short sale, you may not be fully aware of how this happens. It is true, short sales can get you a home at a surprisingly low price. In fact, the low cost of short sale houses is often one of the biggest and only draws. Otherwise, short sales are notoriously complicated and frustrating to deal with. In a short sale, a homeowner is attempting to sell the home in order to avoid foreclosure proceedings.


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Tuesday, April 17, 2018

What Happens If Your Former Spouse Fails to Follow the Divorce Agreement?

The road to a finalized divorce is a difficult one. Unfortunately, things do not automatically fall into place after the divorce decree is entered. Many people struggle with a former spouse who fails to follow the terms of the final divorce agreement. If this has happened for you...


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Tuesday, April 10, 2018

What Happens to Debt in Divorce?

Long after the paper have been signed, divorce can have a lasting impact on your personal finances. This is not just because of alimony, child support, or how your assets were divided, but also how your debts were divided during the divorce process. Division and assignment of debt will have a substantial effect on your financial health going forward after divorce. Get an attorney that understands just how impactful divorce can be on you, your family, and your financial future.


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Wednesday, March 28, 2018

What do you Need for a Residential Lease Agreement?

Illinois Residential Lease Attorney

Here at M&A Law Firm, we are experienced in providing sound legal counsel to both landlords and tenants regarding residential leases. We take into account all aspects of the landlord and tenant relationship and work to help ensure the relationship remains a positive one. Establishing a detailed and legally viable residential lease agreement can be the foundation of this relationship. M&A Law Firm will work with you during the negotiating, drafting, and review period of this important document.


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Wednesday, March 21, 2018

Why do I Need a Will?

Illinois Estate Planning Attorney

While many have some idea about what a will is, it is important to understand the true importance of this estate planning document. Yes, it says how you want your property distributed after you die, but its value reaches beyond this. It is also good to know the consequences should you not have a will in place when you pass away.
Estate planning can provide peace of mind for you and your family. Important estate planning documents such as a will can secure a future for your family that you want and bring comfort to you knowing that your loved ones will be provided for after you are gone.


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