Planning a will can be much easier for those who already know who they want to leave their assets to when they pass away. One of the most difficult decisions an Illinois resident can face is being fair with their heirs when they have considerable property to...
Year: 2022
Electric wills and remote witnessing
The Uniform Electronic Wills Act allows people to execute an electronic will, so people can record wills in electronic form instead of traditional printing. The new laws allow probate courts to give e-wills legal effects in Schaumburg, Illinois. Electronic wills...
The basics of the “no-contest” clause in trusts
In Illinois, there are many ways to ensure that your loved ones respect your wishes after you're gone. One such way is to include a "no-contest" clause in your trusts and wills. This particular clause has proven itself effective as an effective deterrent against trust...
Understanding how estate plans, wills and trusts differ
Creating an estate plan in Illinois can seem like a daunting process. Many people do not like to think about or discuss the issues around estate planning, so one big hurdle is that they may not know the difference in estate planning, writing a will and creating a...
When to revise your estate plan
On average, estate plans should be updated every three to five years. Your estate's administration in Illinois is either done privately or in a public hearing. For these reasons, re-evaluating an estate plan now can prepare you. The risk of having your assets...