PH: (847) 549-0600 FX: (847) 589-2263 Info@LawJTLG.com
PH: 847.549.0600 FX: 847.589.2263
Real Estate Transactions in Waukegan Waukegan is a large community in the northern suburbs of Chicago. It resides close to the border of Wisconsin, and is easily accessible from the expressway. Waukegan has many diverse communities within its borders, including ethnic diversity and income diversity. Waukegan is also home to many manufacturing plants and other... Read more »
What is a Mortgage Loan Modification? If you have a home mortgage and are falling behind on payments, you may have heard of a mortgage loan modification/ home loan modification. A loan modification is an agreement with your mortgage loan servicer to alter the mortgage payments and bring the mortgage current so that you can... Read more »
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... Read more »
IRS Announces the 2019 Estate Tax and Gift Tax Exemptions The Internal Revenue Service (IRS) has announced the estate tax exemption and gift tax exemption amounts for 2019. The 2019 Federal estate tax exemption will be $11.4 million. The Federal gift tax exemption will remain $15,000 annually for the time being. If your estate is larger than... Read more »
What is Title Insurance in a Real Estate Transaction? If you are buying or selling real estate you have most likely heard of title insurance. Many people simply know title insurance to be that charge that appears on the closing statement. The title insurance charges are significant, and that is for good reason. There is... Read more »
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... Read more »
The 5 Things to Do If You Are Named Trustee of a Trust If you have been named a trustee of a family member’s or friend’s trust there are many things to know. It is advisable to speak with an attorney to know the full extent of your obligations as trustee. Here are five things... Read more »
I’d Like to Make Gifts to My Children But I am Concerned About the Gift Tax If you are interested in making gifts to your children, you may be worried about the gift tax and estate tax. The tax can be substantial, so it is best to fully understand the ramifications of making the gift... Read more »
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... Read more »
What is an Irrevocable Life Insurance Trust? An Irrevocable Life Insurance Trust, also known by its acronym, ILIT, is a useful estate planning tool for some families. In the past, when the federal estate tax exemption was much lower, ILITs were much more common. However, they are still useful for some people who have more... 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