| ESTATE PLANNING
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Updated : Sun, 11 Dec 2011 11:01:44 +0000
You should be able to tell the lawyer the names and addresses of all people involved. This includes the executors, guardians, trustees, and beneficiaries. You should be able to describe what property you own and how title is held and identify any beneficiaries which you have designated. You should also be able to list all your debts, [...]
Publ.Date : Sun, 11 Dec 2011 11:01:44 +0000
A lease as the transfer of the exclusive right to use specific real estate for a definable period of time. Commercial leases involve premises to be stores or the sale of goods or services at retail. Commercial space is usually marketed on a dollars per square foot basis. However, not all square feet are useable. Some [...]
Publ.Date : Thu, 11 Aug 2011 19:29:45 +0000
Persons with larger estates should review their estate plans at a set time each year. Estate plans are prepared on the basis of certain things. As these things change, so should the plan. Births, deaths, changes in marital status, changes in law, changes in residence, changes in wealth, changes in the composition and titling of [...]
Publ.Date : Sat, 30 Jul 2011 18:36:56 +0000
Did you know that you must file a will within 30 days? Any person who has possession of the will of a decedent must file the will with the clerk of the probate court within 30 days of the date of death. Failure to do so if the person knows of the death is a felony. If [...]
Publ.Date : Sat, 16 Jul 2011 05:27:44 +0000
Chicago Trust Attorney Don Thompson on Irrevocable Trusts These are trusts which the person who created the trust cannot revoke or amend. A transfer of assets to such a trust results in a gift to the beneficiaries of the trust for tax purposes. The assets transferred are usually out of the transferor’s taxable estate. If you [...]
Publ.Date : Mon, 27 Jun 2011 21:11:33 +0000
Someone who has a will or a trust should tell their heirs and beneficiaries they have made a will or trust and they should tell them where the documents are. However, this is not always done. To find out if a decedent left a will or trust you can do the following: - Go through the decedent’s [...]
Publ.Date : Sun, 11 Dec 2011 10:52:14 +0000
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