Matthew Allan Quick’s Guides

Matthew Allan Quick

Lake Bluff Estate Planning Attorney.

Contributor Level 13
  1. Real Estate Transfer Taxes

    Written by attorney Matthew Quick, over 2 years ago.

    Real estate transfer taxes are taxes imposed when property is transferred. In Illinois and Michigan the tax is assessed by an ad valorem (according to worth) tax that is based on the value of the property transferred. In some states, however, such as Vermont, a transfer tax is on...

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  2. Real Estate Taxes

    Written by attorney Matthew Quick, over 2 years ago.

    Real estate taxes are the main source of revenue for local municipalities, which are used to provide benefits and services such as schools, community colleges, police and fire departments, health care facilities, museums, water and sewer, roads and sidewalks, parks, libraries and...

    1 person found this Legal Guide helpful

  3. Real Estate Closings

    Written by attorney Matthew Quick, over 2 years ago.

    A real estate closing (also referred to as a settlement or escrow) is the culmination of a real estate transfer. The real estate closing is simply the meeting at which the buyer of a piece of property pays the amount promised in the purchase agreement and is deeded the real estat...

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  4. Federal Tax on Sale of Main Home

    Written by attorney Matthew Quick, over 2 years ago.

    We seek to save, even while spending. With a little estate planning, we can continue this trend by saving on the tax imposed on the sale of our main home. It is understood that most of us do not currently pay taxes when our homes are sold, which is due to an exclusion that is giv...

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  5. Probate

    Written by attorney Matthew Quick, over 2 years ago.

    Probate is the legal process of settling the estate of a deceased person. Settling a decedents estate involves making claims on behalf of the estate (collecting money owed to the decedent, bringing medical malpractice claims, etc.), resolving all claims against the estate (paying...

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  6. HIPAA

    Written by attorney Matthew Quick, over 2 years ago.

    The Health Insurance Portability and Accountability Act of 1996 (referred to as HIPAA) was enacted as federal law to address two main issues: (1) health care insurance coverage of employees and their families when the employees change or lose their jobs; and (2) the establishment...

    1 person found this Legal Guide helpful

  7. Trusts

    Written by attorney Matthew Quick, over 2 years ago.

    A Trust is a legal arrangement where one person (the Settlor or Grantor) gives legal title of property to another (the Trustee) to hold for the use and benefit of a third-person (the Beneficiary). The Settlor is the owner of the property that is to be placed into the Trust, thus ...

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  8. Wills

    Written by attorney Matthew Quick, over 2 years ago.

    A Will (also known as a Last Will and Testament) is a legally-binding instrument that, in the event of death, directs property and the care and custody of minor children. A Will does not direct all property in a persons estate while they are living, only the property that remains...

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  9. Powers of Attorney

    Written by attorney Matthew Quick, over 2 years ago.

    Powers of Attorney are legally binding documents that designate and appoint a person (referred to as an attorney-in-fact) to act on behalf of the individual planning his or her estate (referred to as the principal). These documents may give instructions on everything from religio...

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  10. Introduction to Estate Planning

    Written by attorney Matthew Quick, over 2 years ago.

    Estate planning is a process that involves the construction of a strategy to direct ones health care and property when he or she is not able to do so. The goal of an estate plan is to provide clear and detailed instructions to those who are appointed to help. These instructions a...

    1 person found this Legal Guide helpful