The major reasons include the costs, time and lack of privacy that comes along with probate. There are many expenses involved in Probate administration, including attorney's fees, court fees, executor's fees, accounting fees, etc. In Illinois, a probate estate has to be open for at least six months but may be open for one year or more. The probate estate court files are also matters of public record so there is a definite lack of privacy.
Most people avoid probate by drafting a living trust. If you are interested in an estate plan to avoid probate, call Attorney Bradford Miller for a free consultation.
Published by: Bradford Miller Law, P.C.
10 S. LaSalle, Suite 2920
Chicago, IL 60603
312-238-9298
Key words: Chicago short sale attorney, Chicago residential real estate attorney, Chicago landlord tenant law attorney, Chicago Landlord Attorney, Chicago eviction attorney, Estate planning attorney, Chicago real estate attorney, Chicago real estate lawyer, Chicago real estate attorney fees, Chicago estate planning attorney. This is intended to be advertising. Please consult with an attorney before acting on any information given here.
Tuesday, December 19, 2017
Friday, December 1, 2017
What is a Power of Attorney?
No one likes to think about the possibility that he or she may become incapacitated. However, it is wise to plan for that possibility. A Power of Attorney is one way to arrange for someone to manage another person's finances if they can no longer do it themselves. Once a person becomes incapacitated, it's probably too late to execute a Power of Attorney. That's why it's so important to plan ahead.
There are different types of Power of Attorney. For example, there is a Power of Attorney for Property which allows someone to sell, buy, or make other decisions related to property on your behalf if you are not capable of doing so. There is also a Power of Attorney for Health Care. With this Power of Attorney, you can allow someone to make a decision about your health care if you are not capable of doing so. Both of these are extremely important and if you do not have some in place, you should consider getting some drafted. A simple estate plan can cost only a few hundred dollars but can make a world of difference.
We highly recommend that everyone have a power of attorney. Our office can help you prepare all your legal estate planning documents. We will offer advice, and keep your estate plan current with the laws governing estate planning. And, you have the satisfaction of knowing that your affairs are in order, per your wishes.
There are different types of Power of Attorney. For example, there is a Power of Attorney for Property which allows someone to sell, buy, or make other decisions related to property on your behalf if you are not capable of doing so. There is also a Power of Attorney for Health Care. With this Power of Attorney, you can allow someone to make a decision about your health care if you are not capable of doing so. Both of these are extremely important and if you do not have some in place, you should consider getting some drafted. A simple estate plan can cost only a few hundred dollars but can make a world of difference.
We highly recommend that everyone have a power of attorney. Our office can help you prepare all your legal estate planning documents. We will offer advice, and keep your estate plan current with the laws governing estate planning. And, you have the satisfaction of knowing that your affairs are in order, per your wishes.
Posted by:
Bradford Miller Law, P.C.
Bradford Miller Law, P.C.
10 S. LaSalle Street, Suite 2920
Chicago, IL 60603
Key words: Chicago short sale attorney, Chicago landlord tenant law attorney, Chicago estate planning attorney, Estate Planning Lawyer, Chicago real estate attorney, Chicago real estate lawyer, Chicago building code violations, Chicago eviction attorney, Chicago Leases, Chicago real estate attorney fees. This is intended to be advertising. Please consult with an attorney before acting on any information given here.
Subscribe to:
Posts (Atom)
