312.583.9430
Our blog
Stories and interviews
Subscribe to learn for helpful articles, solutions, and Bielski Chapman, Ltd. updates.
Recent blog posts
-
What to Do If a Will Is Missing or Invalid in Illinois
: What to Do If a Will Is Missing or Invalid in IllinoisWhen someone passes away in Illinois, their will typically outlines how their estate should be distributed. However, there are instances when a will is missing, or the validity of the will is questioned. If you are in a situation where a will cannot be located or is believed to be invalid, it is crucial to…
-
When a person passes away in Illinois, their estate may need to go through probate, a legal process where the court oversees the distribution of assets to heirs and beneficiaries. However, not all assets are subject to probate. Understanding which assets must go through this process can help families plan effectively and avoid unnecessary delays….
-
Understanding the Role of an Executor in Illinois Probate
: Understanding the Role of an Executor in Illinois ProbateThe probate process in Illinois can be complex and often overwhelming, especially during a time of grief. A key figure in navigating this process is the executor, a person designated in a will to manage the deceased’s estate. Understanding the executor’s role and responsibilities is crucial for both those named as executors and beneficiaries of…
All blog posts
-
The death of a business owner can have far-reaching consequences, affecting the personal lives of their family and loved ones and the business’s future. When a business owner dies, the remaining family members or partners must consider the company’s legal, financial, and operational aspects. Learn about the steps to take once a business owner passes…
-
As a business owner, you do everything to protect your company. However, many people need to realize that estate planning should be a part of that process. While estate planning is not an exciting part of entrepreneurship, you need it to have a smooth transition of assets and minimize tax liabilities for beneficiaries. Here is…
-
A clear property title is your golden ticket in the real estate world. It guarantees that the property you want is free from legal claims or complications. If there are issues with a title, that could cause problems with your ownership rights. A property title search can provide peace of mind during this time. Here…
-
Understanding Property Ownership Structures in Real Estate Investments
: Understanding Property Ownership Structures in Real Estate InvestmentsReal estate investments can provide a road to financial prosperity and stability. However, the property’s ownership structure may impact your control, taxation, and financial stability. Whether you wish to buy commercial or residential real estate, make sure you know which structure is the right one for you. Sole Ownership The most straightforward property ownership structure…
-
What Are Purchase and Sale Agreements in Real Estate Transactions?
: What Are Purchase and Sale Agreements in Real Estate Transactions?With any residential or commercial real estate deal, it requires a well-structured agreement to protect the interests of all parties. One important document is the Purchase and Sale Agreement (PSA). This legally binding contract outlines the terms and conditions for transferring properties from sellers to buyers. Take a look at all the aspects of Purchase…
-
Why You Should Consider Putting Your LLC into a Trust
: Why You Should Consider Putting Your LLC into a TrustMany people turn to LLCs to protect their business and personal assets. From stronger asset protection to simplified estate planning, putting this business entity into a trust can offer plenty of benefits. If you want to secure your finances and businesses, here are a few reasons why you should consider putting your LLC into a…
