312.583.9430
Our blog
Stories and interviews
Subscribe to learn for helpful articles, solutions, and Bielski Chapman, Ltd. updates.
Recent blog posts
-
When deciding between a will and a trust, it’s best to have a clear understanding and know the differences between the two. A trust is a legal document where a third party or trustee is authorized to manage the assets that are held in the trust. The trustee makes sure the correct heirs gain the…
-
Does My Estate Qualify for a Small Estate Affidavit in Illinois?
: Does My Estate Qualify for a Small Estate Affidavit in Illinois?Are you wondering what a Small Estate Affidavit is? It’s a legal document that speeds up the asset distribution process when someone dies with a small estate. In Illinois, the term “small estate” usually refers to estates with assets totaling up to $100,000 or less, and there is no real estate involved. This mechanism allows…
-
The Differences Between Revocable and Irrevocable Trusts in Illinois
: The Differences Between Revocable and Irrevocable Trusts in IllinoisWhen it comes time to plan your estate, it is more than just drafting a will or deciding who gets your personal belongings. You need a strategy that helps manage your assets, avoids unnecessary legal complications, and protects your wealth. One of the most effective ways to do this is through a trust. But not…
All blog posts
-
Filing for guardianship in Illinois allows someone to make decisions for a person unable to care for themselves. Whether due to age, disability, or other circumstances, this legal arrangement can provide essential support to vulnerable individuals. At Bielski Chapman, LTD., we understand that navigating the guardianship process can be daunting. We are here to guide…
-
Estate Tax Considerations for Special Needs Trusts in Illinois
: Estate Tax Considerations for Special Needs Trusts in IllinoisWhen planning for the future of a loved one with special needs, establishing a Special Needs Trust (SNT) is often a vital component of an estate plan. For residents of Illinois, it is essential to understand the unique estate tax considerations that can arise with these trusts. This knowledge can ensure that your loved one…
-
Special needs planning is a component of estate planning designed to address the requirements of individuals with disabilities or chronic conditions. For families in Illinois, this planning is essential to ensure the long-term care and financial stability of loved ones with special needs. Bielski Chapman, LTD., our respected Illinois estate planning attorneys are here to…
-
Navigating Family Disputes During Illinois Probate
: Navigating Family Disputes During Illinois ProbateWhen a loved one passes away, the probate process can be emotionally and legally complex, particularly in Illinois. While the goal is to ensure the deceased’s wishes are carried out, we understand that family disputes often arise during probate proceedings, adding an extra layer of stress to an already challenging time. At Bielski Chapman, we…
-
Probate vs. Small Estate Administration in Illinois
: Probate vs. Small Estate Administration in IllinoisThe loss of a loved one is a difficult time, and the process of handling their estate can add to the emotional burden. In Illinois, there are two primary methods for managing an estate: probate and small estate administration. Both serve the purpose of distributing a deceased person’s assets, but they differ in terms of…
-
Asset protection is often perceived as a concern for the wealthy or the elderly, but young adults in Illinois also have significant reasons to consider safeguarding their assets. Whether you’re just starting your career, building savings, or investing in your first home, understanding how to protect your assets can provide financial security and peace of…
