Blog

blog post image

Assets can be protected from potential incapacity in two primary ways: with a living trust, and with a durable power of attorney. Protecting assets is really about effectively managing a person’s assets once they are no longer able to manage the assets themselves due to some sort of cognitive impairment.

Read More
blog post image

In Illinois, probate is the act of substituting one’s free will by the court system and is really designed to protect creditors of an estate. In the making of a will, a person is capable of choosing to gift their assets to whomever they want.

Read More
blog post image

Not moving by the scheduled closing date is not really an option; the seller is going to have to figure out a way to move, as the consequences of not moving by the scheduled closing date can be rather severe. First and foremost, a buyer can hold the seller in breach of contract, and would have numerous remedies available to ...

Read More
blog post image

Every law firm handles real estate closings differently, but I’d like to think our firm handles them in the best way. We don’t permit our sellers to attend closings; we have them pre-sign all of the documentation and provide us with a power of attorney to attend the closing.

Read More
blog post image

The goal of estate planning is to efficiently transfer a person’s assets upon their death to individuals or organizations that are important to them (e.g. family members, church, charity). These assets include real estate, retirement accounts, collectibles, and personal assets.

Read More