Transfer On Death Instrument Act In Illinois Effective this year, 2022, Illinois has created a way to transfer real estate at death without needing to go through the probate process. In the past, a residential property owner could sign and record something called a “transfer-on-death instrument” (TODI). However, this document would only work for residential property, not commercial property. This year, though, this expanded to being able to transfer any real estate at death, not only residential. Similar to a payable-on-death or a transfer-on-death account, a TODI can have a named beneficiary…
Types Of Conflict During The Probate Process As a trusted lawyer from Kaplan Law Practice, LLC could tell you, the probate process is a time that can bring up plenty of emotions for everyone involved, whether it is a family member who was included in the will or someone who was not. If you are about to embark on the estate planning process, whether you are hoping to create an estate plan or if you are the executor of the estate plan, it can be extremely helpful to work with a probate…
There are many things that a person in their golden years should take care of. One of those things is their estate planning. Drafting a will and making sure possessions are taken care of is very important towards the end of one’s life. Knowing that possessions will go to the rightful place definitely brings comfort to anyone. In addition, something else that needs care is you. In our country, there is a stereotypical idea that connects aging with a lack of physical activity. For many seniors, it can be hard to escape…
Lawyers are very important to have in many situations, but you always want to make sure that you have a case before deciding to go to court. This is why you should always set up a consultation with an experienced lawyer from a litigation law firm, similar to that of Brown Kiely, LLP, to determine if you have a case. Consultations are often free and will give you an idea of whether it will be worthwhile taking your case to court. You may also want to hire a lawyer if you need…
Real estate litigation lawyers are important in any real estate transaction. Not only do they make sure that things are fair and that laws are followed, but they will also always keep their clients’ best interests at heart every step of the way. No matter what kind of real estate transaction you are making or why you think you may need a lawyer on your side, do not hesitate to contact a real estate litigation lawyer, like one from Eric Siegel Law, to get assistance immediately. Your lawyer can begin working for…
