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Recent blog posts
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What Happens to Digital Assets in Probate in Illinois?
: What Happens to Digital Assets in Probate in Illinois?As more aspects of life move online, digital assets have become an increasingly important part of estate planning and probate. In Illinois, digital assets can hold financial, sentimental, or legal value. Yet many estates overlook these assets, leading to confusion and delays during probate. Understanding how Illinois law treats digital assets is essential for executors,…
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Illinois Probate Deadlines: What Heirs Should Know
: Illinois Probate Deadlines: What Heirs Should KnowWhen a loved one passes away in Illinois, the probate process can feel overwhelming. This is especially true for heirs unfamiliar with legal timelines and obligations. Understanding key probate deadlines is essential to protect your inheritance rights, avoid unnecessary delays, and ensure the estate is administered properly. The estate planning attorneys at Bielski Chapman, Ltd….
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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…
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Listing your Chicago property on Airbnb may seem lucrative, but if you’re not careful, it can cost you. Homeowners who want to list their property must be careful to avoid penalties by paying attention to the restrictions in the Chicago Shared Housing Ordinance and their building’s governing documents. The restrictions are noted below, along with…
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Estate Planning for Property Transfers to a Non-Citizen Spouse
: Estate Planning for Property Transfers to a Non-Citizen SpouseAs a general rule, spouses can transfer an unlimited amount of property to each other without paying tax on the transfer.[1] The rule includes transfers made upon death.[2] The so-called “unlimited marital deduction” delays taxation on the transfer of property until it is transferred out of the marital unit. The rule applies to US citizens as well…
