Upon Death Do My Assets Automatically Transfer to My Spouse or Children?

Upon Death Do My Assets Automatically Transfer to My Spouse or Children? In Illinois, for those passing away without any estate planning, the rules of descent and distribution govern who inherits the assets of the deceased.  Considering that less than 50% of Americans have a Will, it is not unusual for the rules of descent

How to Fund a Trust

How to Fund a Trust If you have had a trust drawn up for estate planning, it is important that you verify that your trust is properly funded. Ensuring that assets are either in the trust or transfer to the trust upon your passing will help prevent an unnecessary probate and potential tax liability issues.

What Are the Capacity Requirements to Execute Estate Plan Documents in Illinois?

What Are the Capacity Requirements to Execute Estate Plan Documents? If you have a loved one suffering from Alzheimer’s, dementia, or cognitive issues related to a stroke, mental illness, or other disorders, it is important to determine whether that individual has the capacity to execute an estate plan. The documents associated with an estate plan

How Are Heirs Determined in Illinois?

How Are Heirs Determined in Illinois? An heir is someone who is legally entitled to receive property upon a person’s death. Every state gets to decide who the natural heirs of a decedent are, and the states will publish their own laws of descent and distribution outlining heirship.  The laws of descent and distribution are

Is my Will Valid in Other States?

If I Move to Another State is my Will Still Valid?  If you had your Will created in Illinois but plan on moving to another state in the future, there are many things to consider. If your Will was validly executed in Illinois, then other states should honor it. If it was not validly executed