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    • what is probate

      The first time I heard the word “probate” was after I had finished law school and passed the bar exam.  If you are lucky, the probate process is a foreign concept to you.  But most people come across it at some point in their lifetime, and we are here to demystify what exactly probate is. …

    • living trust estate planning

      There are two types of estate planning: will-based planning and trust-based planning.  Our office only does trust-based planning.  While a Last Will and Testament will direct your executor how to distribute your property, your executor will be required to go to probate court to collect and distribute your property, opening up your estate to the…

    • who needs an estate plan

      Folks often believe that only the wealthy need a will or a trust. As a matter of fact, having an estate plan is not only about passing wealth on to future generations or avoiding taxes.   People Who Need an Estate Plan Estate planning has numerous benefits for all of the following groups.   If you fall…

    • losing a trust

      What do you do when you’ve lost a trust? You go back to basics: the elements of a trust, and when all else fails, probate!  A Short Story About a Client Who Lost a Trust We had a case where a client’s mother (let’s call the mother Betty Smith) had deeded her home into trust…

    • estate planning documents

      When my dad was diagnosed with Parkinson’s, my parents were living in my childhood home in Wilmette, and they had a modest life savings.  In the course of sharing my dad’s diagnosis with friends and family, one thing they kept hearing was how expensive Long Term Care would be; the cost could completely drain their…

    • chicago airbnb

      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…