Your dreams have come true and you just purchased a home. Everything was great until you moved in. After the first rainfall, your basement floods, or your roof leaks and your home has sustained water damage. You suspect that this
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Is an executor of an estate entitled to compensation?
If you are involved in a probate process and serve as the executor or administrator of an estate you know how time-consuming, difficult, and stressful a task it can be for you. Acting as executor/administrator is often a thankless job…
Don’t wait until it’s too late….draft your estate plan
Whether you want to think about it or not, there comes a time in everyone’s life when it is too late to complete an estate plan. Waiting until the last minute, or until a significant life event occurs, can lead…
When is the money in your retirement accounts in jeopardy?
One of the most important things we can do for our families, and our future selves, is to save money in retirement accounts. I’ve noticed a common client misconception that all money in retirement accounts (IRA, 401K, 457, etc.) is…
What is a mechanic lien on a house?
If you make your living in real estate, an instrument you should know is the mechanic lien. Also known as a construction lien or a contractor’s lien, a mechanic lien is a legal claim that a contractor or other…
How to find out if you’ve been named a beneficiary in a revocable trust?
Throughout the years, we have helped clients who believed that they were not getting their fair share of an estate or their family’s personal belongings. Unfortunately, even dealing with family, sometimes especially when dealing with family, when money or material…
When selling real estate, when do you get your proceeds?
Two common questions we get from our selling real estate clients are: how do we get our money and when do we get our money?
In northern Illinois, we use title insurance companies to handle the disbursement of monies in…
Why choosing a local law practice over a web-based platform for your estate plan is the smart choice?
As more AI is developed, there will be more web-based companies that you can choose to help you draft your estate plan. Online companies will make promises to lure you in with convenience or an upfront cost that might…
Can I get my earnest money back if I cancel my real estate contract?
Whether you can get your earnest money back if you cancel your real estate contract depends on the specific terms and conditions outlined in the contract and the circumstances surrounding the cancellation. An earnest money deposit is a sum of…
Who is in charge of an estate when there is no will?
If a family member dies without a properly executed estate plan, those left behind are faced with a highly stressful and unpleasant experience. There are many questions that must be answered. If the person who died has assets equaling…