On behalf of McCarthy & Allen | Jun 26, 2020 | estate administration & probate
If you are in the middle of a divorce, you may be looking forward to the day it is over … to relaxing on your couch, on your own, with a celebratory glass of wine. No more courts, no more assets to calculate, no more legal documents to sign and no more visits to...
On behalf of McCarthy & Allen | Apr 2, 2020 | estate administration & probate
Many individuals in Illinois choose to have a power of attorney as part of their estate planning. This document can detail provisions and limitations for when and how a third party can make decisions for an individual. There are many reasons for establishing an agent...
On behalf of McCarthy & Allen | Jan 24, 2020 | estate administration & probate
Owning property in Illinois can leave you wondering what happens to it upon your death. Ideally, you have already created a will dictating your preferences for who inherits your assets including real estate. However, real estate left to someone in your will can wind...
On behalf of McCarthy & Allen | Jan 3, 2020 | estate administration & probate
Your personal wishes dictate your estate plan, which is then molded by Illinois law. However, both your desires and state law are subject to change. This means that your current estate plan may not suit your needs in the future. Today we will take a look at situations...
On behalf of McCarthy & Allen | Sep 12, 2019 | estate administration & probate
When you are writing up a new will for your Illinois estate, your mind probably goes to the big items that should be allocated for disposal. You have probably considered what to do with things such as your home, cars, personal property and financial accounts. However,...
On behalf of McCarthy & Allen | Jul 27, 2019 | estate administration & probate
Some Illinois business owners have a family member involved in the business and imagine that one day their relative, possibly a son or daughter, will take over the business upon their passing. Naming a family member as an heir to your business ownership can be...
On behalf of McCarthy & Allen | Jun 26, 2019 | estate administration & probate
There have been cases when a deceased person has become a parent after his death. This has been either because the person’s sperm was harvested and used after his death or because a woman was already pregnant. It happens all the time, so estate law has...
On behalf of McCarthy & Allen | May 15, 2019 | estate administration & probate
TV shows and movies in decades past often depicted close families who, even if they argued, always ended up presenting a united front with no sibling rivalry or other family squabbles. As many Illinois residents know, times have changed. While many families do remain...
On behalf of McCarthy & Allen | May 1, 2019 | estate administration & probate
Many Illinois residents conclude that they need a trust to properly execute their plans for their surviving family members upon their deaths. A trust can simplify the estate administration process if everything goes according to plan. However, if an individual fails...
On behalf of McCarthy & Allen | Apr 11, 2019 | estate administration & probate
Many Illinois residents are not married and do not have children. This may make them believe that they have no need for estate planning. In reality, it could be argued that single people actually need it more than others do. For example, who will make financial and...
