PH: (847) 549-0600 FX: (847) 589-2263 Info@LawJTLG.com
PH: (847) 549-0600 FX: 847.589.2263 Info@LawJTLG.com
The moment when a loved one passes away feels, inevitably, insurmountable. Aside from the overwhelming feelings of trying to sort out funeral arrangements, the legal aspect of managing someone’s finances after they pass away can seem perplexing to a grieving family. Which brings up the question: What types of taxes are due when a person... Read more »
Families that would rather avoid probate court due to the costs and time frame of a court proceeding can take advantage of small estates affidavits to obtain a decedent’s assets. These include assets such as vehicles, bank accounts, certificates of deposit and corporate stocks standing in their name alone. The maximum amount of non-probate personal... Read more »
Filing Claims Against an Estate in Probate If a person who owes you money dies, you have the right to file a claim against the decedent’s estate to attempt to obtain the compensation you are owed. It is a possibility that the deceased person had a last will and testament and their estate is in... Read more »
How to Contest a Will in Illinois A will is one of the most important documents used in an estate plan, allowing the testator to leave property to whomever they intend, name an executor of their estate, name a guardian for minor children, and more. And while wills can be used to mitigate tensions between... Read more »
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 and distribution... Read more »
How is Debt Treated in Probate? When a person passes away with debt, administration of the estate can be confusing for the family. On the one hand, you may have a will or trust that directs the distribution of assets to the beneficiaries. On the other hand, valid creditors have a right to be paid... Read more »
How To Transfer Car Title After Someone Passes Away For many people, cars can be significant assets of their estate. Upon passing, the family will have to determine how to transfer ownership of the car to a family member or how to sell it as an estate asset. But the process for transferring ownership of... Read more »
Phone Number: (847) 549-0600
Fax Number: (847) 589-2263
Libertyville Office
350 N. Milwaukee Ave., Ste. 202
Libertyville, IL 60048
Manchester Office
2100 Manchester Road, Suite 920
Wheaton, IL 60187