When a loved one dies, a period of grieving and heightened emotions typically follows. There are also practical and legal steps as well, however, that follow a death. To begin with, the decedent’s Last Will and Testament must be submitted to the appropriate court as part of the probate process. What should you do, however, if you question the authenticity of the Will submitted for probate? The Waukegan estate planning lawyers at Hedeker Law, Ltd. explain how to contest a Will. What Is Probate? When an individual dies, the decedent’s estate is required to go through probate. If a Will [Read more…] The post Waukegan Estate Planning Lawyers Explain How to Contest a Will appeared first on Hedeker Law.
Like most people, you are probably aware of the need to have an estate plan in place that dictates how your estate assets are to be distributed in the event of your death. Hopefully, you also recognize the need to have an experienced estate planning attorney assist you in the creation of that plan. That may not be the only time you need an estate planning attorney though. On the contrary, consider the following five additional reasons why you might need estate planning lawyers at some point in your life. Petitioning for Guardianship At some point in your life, you [Read more…] The post 5 Reasons You Might Need Estate Planning Lawyers appeared first on Hedeker Law.
If you recently lost a family member, or other close loved one, the last thing you may wish to focus on right now is the legal ramifications of the decedent’s death. If, however, the decedent appointed you as Executor in his/her Last Will and Testament, you will need to focus on the probate of the estate. You may also need to focus on the probate process if your loved one died intestate (without a Will) and you appear to be the person elected to volunteer as the Administrator of the estate. For anyone who has never before acted as an [Read more…] The post Lincolnshire Estate Planning Attorneys Explain the Probate Process appeared first on Hedeker Law.
For the average person, the primary goal of estate planning is ensuring that family members are provided for in the event of death or disability. If that describes your number one reason for having an estate plan in place, ask yourself if you have included all of your family in that plan? How could you possibly forget a member of your family, you may be wondering. If you have a beloved pet that you consider part of the family, you may very well have failed to include Fido in your existing estate plan because you didn’t realize you could do [Read more…] The post Estate Planning Attorneys Remind You to Include Fido in Your Plan appeared first on Hedeker Law.
If you have a valid Last Will and Testament in place, the odds are good that your appointed someone very close to you (spouse, adult child, best friend) to be the Executor of your estate. While that choice isn’t always a poor one, it often is. The problem is that most people do not really know what probate entails. As such, they give very little thought to the appointment of their Executor when, in fact, your Executor will directly and usually significantly impact how your estate is handled after you are gone. To ensure that your estate is handled as [Read more…] The post Lincolnshire Estate Planning Lawyers Explain the Role of Executor appeared first on Hedeker Law.
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.
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.