Wills and estates outline how assets are divided after a person has died, including physical property. If you’re pursuing estate planning, it’s important to...
There are many questions that come with inheriting a piece of real estate. Do you want to live in it? Do you want to sell it? Do you have to split the property with another heir?
Keeping heirloom real estate in the family requires a lot of thought and some special estate planning strategies.
Following the death of a loved one, you may become the recipient of an unexpected parcel of real estate. Yet, with every windfall comes great obligations...
Real estate is a common asset in Canadian estates—but it can be the most complicated for executors to deal with. Many duties come along with caring for a property and, on top of that, executors need to balance the needs of beneficiaries against the liabilities they assume while selling the property. More responsibility, more work ...
When helping your client with inheriting real estate it's important to understand how the appraisal process works and to know when to sell.
Is it better to transfer the title of the home to us, or to leave it as it is given her age and go through probate?
If you find yourself in this position, you'll need to take some specific steps. We spoke to experts who explained exactly what you'll need to do if you inherit real estate.
1-on-1 interview: local Chicagoland real estate expert that is thriving in the probate market. Learn how to invest in Probate Real Estate using business cred...
When a property owner passes away, things can get complicated with or without a will. There's a lot of ways this situation can muddy a real estate closing an...
What has been missing for so long is a means of transferring real estate in a simple, probate-free process. In about half the states, that hole has been plugged. Probate can be messy, time-consuming and costly. Consequently, many people want to avoid it for their own estates. Unfortunately, probate is...
You’ve heard the well-worn phrase, “Nothing is certain except death and taxes.” Well, this column is about trying to minimize taxes upon your death, so your money and property end up where you want…
Listen to Scott and Pat help a caller decide if he should hold on to a property he recently inherited or if it would make more sense to sell it.
Considering transferring real estate by quit claim deed when your client is transferring his or her home to his or her Trust? Instead, consider transferring by warranty deed, in most instances, as a best practice. When a quit claim deed is recorded with the register of deeds office, the deed is recorded without the county …
Deciding if you, as a parent, should invest in real estate with a child is a complex issue. Our DuPage County real estate lawyers can provide sound counsel.
when contemplating the inclusion of a living trust into their overall estate plan is “If I transfer real estate into a trust can the bank call me loan?”
Q: I owned a house for six years and then sold it. It appears the new owners never put the home in their names. Three years later I found out that the
We receive questions all the time from clients and prospective clients regarding how to protect certain assets in a divorce. Unfortunately, there are no quick
Some of the most important work on your estate plan doesn’t take place in the lawyer’s office, or involve the details of wills or trusts.