Lake Bluff, IL
Estate planning Lawyer at Lake Bluff, IL
Practice Areas: Estate Planning, Real Estate ... +3 more
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 prope...
See Full GuideReal 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 ...
See Full GuideA 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 ...
See Full GuideWe 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 curren...
See Full GuideProbate 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 med...
See Full GuideThe 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 f...
See Full GuideA 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 ...
See Full GuideA 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 pro...
See Full GuidePowers 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 t...
See Full GuideEstate planning is a detailed process that provides several ways to carry out your wishes. These include powers of attorney, living wills, medical orders, wills, and trusts....
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