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Thursday, October 18, 2018

Ensure Your Estate Plan Protects You From Elder Abuse.

Everyone knows that estate planning is important. You may even have already created an estate plan, whether it involves a will, trust, or other provision. While most people who create estate plans do so with an eye to ensuring that their financial interests and the financial interests of their loved ones are maintained, many people do not create an estate plan that is also designed to protect them from elder abuse.

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Sunday, October 14, 2018

What’s the Difference Between Power of Attorney and Guardianship?

Most people are confused by estate planning and put it off until the very last minute. Sometimes this is because people don’t want to face the thought of dying. Other times, it’s because people don’t want to admit that they don’t know what kind of help they need.

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Sunday, September 30, 2018

Having Kids Later in Life? Here’s What You Should Consider When Planning Your Estate

More people are choosing to have children later on in life. No matter what stage of life you have a child in, they can bring an abundance of joy and fulfillment—and financial challenges! While all parents work hard to ensure their children are provided for both during and after their lives, older parents are faced with some unique estate planning and retirement decisions.

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Monday, September 24, 2018

Providing for a Fiscally Irresponsible Heir

You’ve spent your life working hard and making good investments. Now that you have wealth, you want to make sure your family is taken care of. There’s just one problem: you just know that an heir you love dearly will squander your money. Rather than cut them out of your will, you should consider other trust-related options to provide for them. Read on to learn more about how you can provide for a fiscally irresponsible heir.

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Thursday, September 20, 2018

What Happens When a Creditor Forecloses on Your Property?

We’ve all heard the phrase “foreclosure,” but do you know what it means, what it involves, and when it is triggered? Many homeowners do not, as they figure it will never happen to them. While there are encouraging signs about a growing economy, we are still not out of the woods when it comes to foreclosures. All homeowners need to know how foreclosures work and should be able to recognize the warning signs that they are at risk of foreclosure.

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Monday, September 17, 2018

What Does it Mean if There is a Covenant on My Land?

When most people purchase property, they expect that they will be able to do whatever they want with the property. However, many people are surprised when they learn that the property they intend to purchase comes with something called a “covenant.” What is a covenant and what does it mean for you if you are purchasing property that comes with a covenant?

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Wednesday, August 29, 2018

Buying a Property with a Pre-Existing Mortgage? Understand Your Options!

A large number of home sales in the United States are financed by mortgages, and when these homes go back onto the market many of them are still mortgaged. Home buyers are frequently presented with the option to “assume” the mortgage or buy the property “subject to” the mortgage. Understanding the difference is important for every buyer considering these options.

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Monday, August 27, 2018

I Want to Leave a Piece of Property to Multiple People. What Do I Need to Know?

During the estate planning process, many people decide they several people to benefit from the same piece of property, whether it is land, a house, or anything else. Sometimes this is because they have limited assets, and other times it is because they simply do not want to leave any of their intended beneficiaries unprovided for. Regardless of your reasons, if you live in Illinois and want to leave a piece of your property to multiple people there are several different factors you will need to take into consideration.

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Thursday, August 23, 2018

What Kind of Estate is Right for Me?

One of the most common questions our experienced Illinois estate planning attorneys get from clients is, “What kind of estate should I choose? Which is right for me?” The answer is that it depends on what you want people to have and when you want them to have it! A good estate planning attorney knows that estates are very customizable and will work with you to determine kind of estate you should create. Here is an overview of some common ways our Illinois estate planning clients choose to leave their estate to others.

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Tuesday, August 21, 2018

Buying a House for the First Time? Here’s What You Need to Know About Good Title

Buying your first home is very exciting! It can also be very overwhelming given how many different steps are involved. One of the most important things to be aware of is ensuring you have “good title” to the home you purchase. What does good title mean and how do you know when you have it? Read on to learn more.

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Monday, July 30, 2018

How Do You Make Sure Your Will is Valid?

Whether you are just married, have been married for decades, or if you’re single with no dependents, you need a will. A will is an important legal instrument which ensures your assets are distributed according to your intent after you die. Creating a will might sound like a hassle, and you might be tempted to put if off for a few years or type up a “will” on your own. Neither of these is a good decision, however, as accidents happen and you want to make sure your loved ones are cared for and your estate is distributed the way you want it to be.

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