As we get older, many of us begin to think about downsizing our homes and possessions. Moving to a smaller space can make life easier, freeing up time and energy that can be spent on the things you truly enjoy in life. Downsizing for seniors offers the opportunity to reduce your living expenses, simplify day-to-day […]
Downsizing: A Guide For Seniors Read More »
When a loved one passes away, it can be a difficult and overwhelming time for family members. The last thing you want to think about are the legal and financial details that come with settling the decedent’s estate (the assets that the decedent left are known as the estate). Fortunately, for smaller estates, there is
Illinois Small Estate Affidavit: Save Time, Money and Stress Read More »
What is a Power of Attorney? A power of attorney (POA) is a legal document that gives someone the authority to act on your behalf. This person is known as your agent or attorney-in-fact. There are different types of POAs, each with its own set of specific powers. It’s important to choose the right type
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When it comes to inheritance, there can often be a lot of tension and conflict within families. It can be hard to agree about who gets what, and emotions can run high. Unfortunately, this can often lead to bad blood within the family and a breakdown of relationships. If you’re facing a family dispute over
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When someone dies, their estate goes through a process called probate. This is a legal process that determines who gets the decedent’s property and assets. Unfortunately, many people make costly mistakes during probate. In this post, we’ll discuss the seven biggest mistakes people make in probate and how to avoid them. Mistake #1 – Failing to
7 Biggest Mistakes in Probate – And How to Avoid Them Read More »
When you inherit a house, it can be a blessing or a curse. On the one hand, you may have received a valuable asset that can provide financial security for you and your family. On the other hand, the house may come with a lot of baggage – memories of loved ones who have passed
How to Assess the Condition of a House You’ve Inherited Read More »
Selling your mom’s house during probate can be a confusing and overwhelming process. It is important to understand the process and steps required to ensure that the sale of her home goes as smoothly as possible. This blog post will provide an overview of the probate process, discuss how you should approach selling your mom’s house, and
Why Do I Need To Go Through Probate To Sell My Mom’s House? Read More »
We have all seen the commercials for reverse mortgages, celebrity spokesmen touting how a reverse mortgage is a great way to help you live a better retirement. These commercials are geared toward older homeowners, and they share all the benefits of a reverse mortgage. How you make no monthly mortgage payments, it’s tax-free cash, government
How to Avoid Reverse Mortgage Foreclosure in Illinois Read More »
There are many reasons regarding the absence of a Will when someone passes. Most likely is that they never got around to it, or simply did not think it was necessary. Statistics show that 6 out of 10 people in America die without a will. Despite the reason, it is still necessary to manage the
How Does Probate Work Without A Will In Illinois? Read More »
The last thing anyone wants to worry about after losing a loved one is arguing with their siblings, or other family members about their inheritance. While very few expect it, this is actually a common occurrence during the probate process and typically results from a disagreement over the division of assets. Knowing how to navigate
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