Archived
Going on vac for the 1st time w/out kids. Wife wants some kind of will or doc stating that if we die her sis gets them.
David's answer
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Answered on October 17, 2013
Guardians for minor children are typically named in a will. As was stated in some of the other answers I do not recommend "do it yourself" estate...
Archived
Subpoena a land trust
David's answer
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Answered on October 07, 2013
Yes, the discovery process is very broad.
Archived
How do I ensure that in the event of my death and my wife's death that my children go to the guardian that I choose.
David's answer
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Answered on October 02, 2013
A will allows you to name a guardian. Since joint wills are not customarily used in Illinois, you and your wife should each have a will naming the...
Archived
My dad past away recently but did no leave a will?
David's answer
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Answered on September 24, 2013
It does depend on how title is held to various assets. Assets that were held in joint tenancy with your stepmother or anyone else goes to the...
Archived
3 siblings with an irrevocable trust set to dissolve in 5 years, Can this be broken early to help pay for college expenses
David's answer
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Answered on September 13, 2013
I agree that the terms of the document control in this situation. Most trusts allow the trustee to make discretionary distributions of principal...
Archived
Can two people have power of attorney , daughter and close friend?
David's answer
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Answered on September 12, 2013
Assuming that both the daughter and your mom are agents under the same type of POA (as stated previously there are two types of POA in Illinois),...
Do the next of kin (grandchildren) trump another relative who is named as a beneficiary of a deceased grandmother's accounts?
David's answer
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Answered on August 06, 2013
I agree with the previous answer in regard to the beneficiary designation. If the original will can not be found it is presumed to have been...
In Illinois, does a trust become irrevocable once the grantor becomes incapacitated?
David's answer
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Answered on July 23, 2013
There is a good chance that the amendment is invalid. There are two primary issues. The first is that your mother may not have had the competent...
Archived
If 1 of the beneficiarys of a rev trust is sued or going thru bankruptcy, can the assets of the trust be held up for the others?
David's answer
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Answered on June 10, 2013
Of course the answer depends on the terms of the trust. Typically, the creditors of a beneficiary can not put a lien on property owned by the...
Archived
Once all of the trust's assets are distributed, must the dissolution of the trust get filed somehow?
David's answer
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Answered on June 10, 2013
Nothing needs to get filed at the courthouse but if the trust has an EIN (taxpayer identification #), a final tax return should be filed.
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