What Are Executor Duties in Illinois Probate?

An executor in Illinois probate is given significant responsibilities when administering an estate. Since a violation of an executor's duties can result in the imposition of harsh penalties, it is vital that the executor become familiar with what is expected. What is an Estate Executor? An executor of an estate is someone who is named in a person’s last will and testament to acting as his or her personal representative through the probate process. Estate executors are responsible for … [Read more...]

Common Causes of Home Closing Delays

At the 11th hour, a variety of issues may come up with real estate deals that cause home closing delays. Before escrow can close, buyers and sellers must meet all purchase contract terms, the sellers must transfer the property deed to the buyers, and the buyers must deposit the funds for the purchases to the sellers. Should problems arise during this time, the closing process may be delayed until they are resolved. Title Issues Problems with the titles for homes could delay potential … [Read more...]

Why Your College-Bound Child Should Have a Power of Attorney

After years of preparation and planning, your child is set to go off to college – perhaps nearby; perhaps several states away. Part of the preparation was helping your child make decisions about important issues.  Part of the learning process at college will be how to refine the decision-making process. Upon reaching age 18, your college student is considered an adult and will be required to make decisions on his or her own. What if Your Child Is Unable to Make Decisions Due to an Injury … [Read more...]

Contesting a Will in Illinois

The death of a loved one in Illinois often triggers a will contest. Suspicion of undue interference, greed, hurt feelings, and any other number of factors may lead estate beneficiaries or those who feel they should have been named, to question the wills of deceased loved ones. Under certain circumstances, the courts may see fit to declare a will invalid. Who Can Contest a Will in Illinois? In Illinois, those who would suffer adverse effects due to the execution of a will can file a petition … [Read more...]

What Happens If An Heir Doesn’t Want The Inheritance?

A farmer who lay on his deathbed asked his son to make sure that the land would always stay in the family. Upon his death, the farmer’s will leave 320 acres for his wife and 160 acres for each of his four children. While some family members were overjoyed with their inheritance, others did not expect the million-dollar mortgages that came with the land. According to Iowa Farmer Today, several of the farmer’s children were not equipped to handle inheriting that level of debt. In Illinois and … [Read more...]

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