Waukegan Probate Attorneys Explain the Probate Process


At some point in your life, you will likely be directly involved in the probate of an estate. That may be because you were named as the Executor of the estate of a family member or loved one who recently passed away, or you might be the beneficiary of an estate. Even if you manage to avoid being involved in the probate process as an Executor or beneficiary, you still need at least a basic understanding of the probate process so that you can properly plan your own estate. Toward that end, the Waukegan probate attorneys at Hedeker Law Ltd. [Read more…] The post Waukegan Probate Attorneys Explain the Probate Process appeared first on Hedeker Law.
https://hedekerlaw.com/waukegan-probate-attorneys-explain-probate-process/

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Waukegan Estate Planning Attorneys Explain Gift and Estate Taxes


Estate planning, when done correctly, should accomplish more than just deciding how you want your estate assets to be distributed when you are gone.  It should also protect and help grow your assets while you are alive and plan for those assets to help provide for loved ones after your death. One important factor in accomplishing those goals is the impact gift and estate taxes will have on your estate. To help you understand that impact, the Waukegan estate planning attorneys at Hedeker Law Ltd. explain gift and estate taxes. What Is the Federal Gift and Estate Tax? The federal [Read more…] The post Waukegan Estate Planning Attorneys Explain Gift and Estate Taxes appeared first on Hedeker Law.
https://hedekerlaw.com/waukegan-estate-planning-attorneys-explain-gift-estate-taxes/

Lincolnshire Estate Planning Attorneys Remind You to Update Your Plan


Most people understand that having an estate plan in place is important. Despite acknowledging this, less than half of all Americans actually have a plan.  If you are among those who have taken the time to create your estate plan, you are a step ahead of many of your friends and neighbors. More importantly, you can rest easy knowing that you, your loved ones, and your assets are all protected. Or can you? If you created your plan several years ago, and you have not updated your plan since it was created, it may not provide you the level of [Read more…] The post Lincolnshire Estate Planning Attorneys Remind You to Update Your Plan appeared first on Hedeker Law.
https://hedekerlaw.com/lincolnshire-estate-planning-attorneys-remind-you-to-update-your-plan/

Lincolnshire Probate Attorneys Explain What Happens When Someone Contests a Will?


The death of a loved one is typically followed by a period of grieving and an outpouring of emotions on the part of the family and close friends. By necessity, it is also followed by the legal process referred to as “probate” during which time the decedent’s estate is administered and estate assets are ultimately transferred to the new owners. Although probate can be full of bumps and minor obstacles along the way, it is normally a relatively uneventful process. Occasionally, however, the probate process can turn into a contentious legal battle as a result of a challenge to the [Read more…] The post Lincolnshire Probate Attorneys Explain What Happens When Someone Contests a Will? appeared first on Hedeker Law.
https://hedekerlaw.com/lincolnshire-probate-attorneys-explain-happens-someone-contests-will/

Waukegan Trust Administration Attorneys Explain Trust Basics


Most people start off their estate plan with fairly simple goals that can be accomplished using nothing more than a Last Will and Testament. That plan, however, will likely need to be reviewed and expanded upon as the family and the estate grow over the years. If you find yourself in a position where it is time to expand upon your basic estate plan, you may be considering the addition of a trust as part of that expansion. If you will be creating a trust for the first time, it is important for you to learn as much as possible [Read more…] The post Waukegan Trust Administration Attorneys Explain Trust Basics appeared first on Hedeker Law.
https://hedekerlaw.com/waukegan-trust-administration-attorneys-explain-trust-basics/

Estate Planning Attorneys Explain Why You Don’t Want to Die Intestate


Surveys tell us that the vast majority of Americans understand the need for estate planning. Despite this, over half of all Americans do not have an estate plan in place.  People offer a variety of explanations for their apparent procrastination, including the belief that they don’t need an estate plan yet and not have the time and/or money to devote to creating a plan. Sometimes, the best way to convince someone that they need to do something is to explain what happens if they don’t do it.  With that in mind, the estate planning attorneys at Hedeker Law Ltd. explain [Read more…] The post Estate Planning Attorneys Explain Why You Don’t Want to Die Intestate appeared first on Hedeker Law.
https://hedekerlaw.com/estate-planning-attorneys-explain-dont-want-die-intestate/

Asset Protection Attorneys Explain How to Protect Your Children’s Inheritance


For the average person, becoming a parent is a life-changing event. Everything is viewed in a different light once you are a parent. Your estate planning goals and objectives are no exception to that general rule. In fact, estate planning takes on a heightened importance when you are the parent of a minor child. Although the urgency that you feel regarding the need to have an estate plan in place may give way to a less urgent desire to keep your estate planning current once your children reach the age of majority, the common thread for all parents is the [Read more…] The post Asset Protection Attorneys Explain How to Protect Your Children s Inheritance appeared first on Hedeker Law.
https://hedekerlaw.com/asset-protection-attorneys-explain-protect-childrens-inheritance/