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Recent blog posts
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What Happens If the Executor Fails to Act in Illinois Probate?
: What Happens If the Executor Fails to Act in Illinois Probate?The executor has a lot of responsibility to manage an estate through Illinois probate. If they fail to do their duties, it can have consequences. Beneficiaries can suffer and the executor may be liable for their failure to do the job correctly. The skilled estate planning lawyers at Bielski Chapman, Ltd. help you manage the…
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Gifting Strategies to Reduce Estate Taxes in Illinois
: Gifting Strategies to Reduce Estate Taxes in IllinoisKnowing the right way to gift can help with estate taxes later on. This helps preserve your wealth for the next generation. Federal exemptions are high for estate taxes, but Illinois’ is significantly lower. This means that, without proper planning, you could face a steep estate tax burden in the future. The skilled estate planning…
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How to Handle Out-of-State Assets in an Illinois Probate Case
: How to Handle Out-of-State Assets in an Illinois Probate CaseIf someone you loved passes away, they may own property in more than one state. This makes probate a bit more complex. For those who own vacation homes, accounts, or other assets outside of Illinois, you may have to deal with the probate and estate laws of another state. The right planning now could help…
All blog posts
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What Happens If the Executor Fails to Act in Illinois Probate?
: What Happens If the Executor Fails to Act in Illinois Probate?The executor has a lot of responsibility to manage an estate through Illinois probate. If they fail to do their duties, it can have consequences. Beneficiaries can suffer and the executor may be liable for their failure to do the job correctly. The skilled estate planning lawyers at Bielski Chapman, Ltd. help you manage the…
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Gifting Strategies to Reduce Estate Taxes in Illinois
: Gifting Strategies to Reduce Estate Taxes in IllinoisKnowing the right way to gift can help with estate taxes later on. This helps preserve your wealth for the next generation. Federal exemptions are high for estate taxes, but Illinois’ is significantly lower. This means that, without proper planning, you could face a steep estate tax burden in the future. The skilled estate planning…
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How to Handle Out-of-State Assets in an Illinois Probate Case
: How to Handle Out-of-State Assets in an Illinois Probate CaseIf someone you loved passes away, they may own property in more than one state. This makes probate a bit more complex. For those who own vacation homes, accounts, or other assets outside of Illinois, you may have to deal with the probate and estate laws of another state. The right planning now could help…
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Selecting the right trustee is one of the most important decisions you will make when creating a trust in Illinois. The trustee is responsible for managing trust assets, following the terms of the trust document, and acting in the best interests of the beneficiaries. A well‑chosen trustee can ensure your estate plan works exactly as…
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Succession Planning for Family-Owned Businesses in Illinois
: Succession Planning for Family-Owned Businesses in IllinoisYou care about your family-owned business. There has been a lot of hard work in getting it off the ground and successful. Whether you’ve had the business for a few years, or many decades, you want to ensure it is protected after you pass away. Without a clear succession plan, your business could face big…
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After losing a loved one, the last thing you want to think about is the cost of probate. However, it is a part of administering the estate. Probate often gets the reputation for being slow and expensive. In Illinois, most estates can move through pretty efficiently, reducing fees depending on the size and complexity of…
