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Tuesday, August 6, 2019

The ABC’s of Inheritance Law in Illinois

When a person dies, his or her estate, assets, and property is passed along, or inherited by the deceased person’s heirs or named beneficiaries through either a last will and testament or, if no will exists, through Illinois Intestacy Laws. These estate, assets, and property are called the inheritance and an identified receiver is known as the beneficiary. Inheritance law can be confusing, and the process must be timely. This is why it’s a good idea to work with an estate planning attorney when finalizing your estate plan – and of course M&A Law Firm has the best estate planning legal experts in the Chicago area!

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Tuesday, July 30, 2019

All About the Illinois Power of Attorney Act

power of attorney allows a person (known as a “principal”) to appoint a representative (or agent) to manage their property and affairs in the event they are no longer able to do so for themselves. At some point, nearly everyone will need a power of attorney to represent them. But it’s hard to know what a power of attorney is, how to appoint the right one, and what type of power of attorney you need. This is why it’s always a good idea to discuss any power of attorney agreement with a local attorney well-versed in these matters like the skilled lawyers at M&A Law Firm.

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Tuesday, July 23, 2019

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 occurs at the point in a real estate transaction when the title of the property is transferred from the seller to the buyer. If you’re buying or selling a home in Illinois, you’ll want an attorney present at your real estate closing. But the best real estate attorneys – like the ones on staff at M&A Law Firm – will know how to help you save money and time when you’re closing on a home.


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Tuesday, July 16, 2019

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 of a person’s assets after his or her death as well as the creation and maintenance of an Islamic will.

Specialized documents such as these require a practiced hand, which is exactly what you will find among the skilled attorneys at M & A Law.  Our attorneys have direct personal and professional experiences when the nuances and complexities of estate planning in a manner that is compliant with both secular and religious standards, so if maintaining the standards and rituals of your religion is particularly important to you, call us today for a free consultation.


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Tuesday, July 9, 2019

Like-Kind Exchanges Under IRS Code Section 1031

If you’re thinking about moving forward with a like-kind exchange – or any other complex real estate transaction for that matter – be sure to get the help of a good real estate attorney. The skilled real estate attorneys at M&A Law Firm have been providing commercial real estate solutions for clients in the Chicago-area for years, and they’re ready and waiting to help your next deal go through without a hitch.



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Tuesday, July 2, 2019

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. Probate is a court supervised legal procedure that may be required after a person’s death. Although many estates are unable to avoid probate in Illinois, the process can be very difficult to navigate. If you’ve found yourself caught up in the probate process, the skilled estate planning attorneys at M&A Law Firm can help you navigate your way through the sea of paperwork you may find yourself drowning in.


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Tuesday, June 25, 2019

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 document reflecting legal ownership of the property, an in is conveyed as the property is sold over time. Although the completion of the title search and purchasing of title insurance is a standardized process, it can raise important questions about the ownership of your property. But what's the difference between a title search and title insurance, and how do you know if you need title insurance at all? The skilled real estate attorneys at M&A Law Firm are here to tell you!



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Tuesday, June 18, 2019

Millennials' Frequently Asked Questions About Estate Planning

As the first of the millennials are starting to enter their forties, many of them are starting to ask questions about planning their estates. In the Chicago area, the skilled estate planning attorneys at M&A Law Firm have all the answers that their inquiring minds need to know. There remain, however, certain frequently asked questions millennials come to us with regarding estate planning, and we’ve summarized them here to help more young people get a better idea of why they need to start planning their estate sooner rather than later.


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Tuesday, June 11, 2019

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 process of closing can be a real bear. The fact of the matter remains, acquiring real estate is a major milestone in anyone's personal or professional life. The skilled attorneys at M&A Law Firm are available to help you through any residential or commercial real estate purchases you may be making in the Chicago area, but here are some things to keep in mind before you sign on the dotted line.

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Tuesday, June 4, 2019

Staying Safe with Your Power of Attorney

power of attorney is a legal document authorizing one person - referred to as an agent - to act on behalf of another person in business and legal affairs. Is this may become necessary, for example, when closing on the sale of a piece of real estate or undergoing life-threatening medical procedures. Power of attorney documents, in short, give your agent the authority to make legal decisions on your behalf. This authority may be temporary or permanent, or conditioned upon the occurrence of some future event such as permanent impairment or disability. Once given, a power of attorney must be revoked in writing - and in some cases, it cannot be revoked at all.

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Tuesday, May 28, 2019

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 lease agreements obligating your business to pay a hefty sum in rent each month, but they also include many other critical terms regarding the use of the leased space. Nearly every one of these terms can be negotiated, and a good real estate attorney will know exactly what to look for when helping you negotiate a commercial lease.  

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