As a real estate and estate planning attorney, one question I hear all the time is:“Should I put my rental property in an LLC?”
It’s a great question—and the answer depends on what you’re trying to accomplish. It could be
Lauren Jackson Law Blog
The Lauren Jackson Law Blog, published by The Law Offices of Lauren E. Jackson, focuses on legal issues related to real estate and estate planning. It covers topics such as residential and commercial real estate transactions, estate planning strategies including wills and trusts, probate processes, and business succession planning. The blog also addresses practical concerns like digital estate planning, asset protection through LLCs, and contract review in real estate deals. It aims to provide clear guidance on managing property-related legal matters, estate administration, and protecting assets for individuals and families in Illinois.
Latest from Lauren Jackson Law Blog - Page 2
Understanding the Cost of Estate Planning—No Surprises, Just Clarity
One of the most common questions I hear from clients is, “What is this going to cost?” It’s a fair question—and unfortunately, many law firms don’t give a clear answer. Too often, clients receive a bill that is far higher…
Top Five Provisions to check before signing a Real Estate Contract!
Before signing a real estate contract, it’s crucial to review the contract carefully. There are certain terms of the contract that must be correct, to give you the best protection. These provisions affect your rights, responsibilities, and risks as a…
I’m Single and Have No Kids — Why Do I Need an Estate Plan?
Many single individuals without children assume they don’t need an estate plan. After all, if there are no dependents or immediate heirs, what’s the urgency? As an estate planning attorney, I can assure you—estate planning is just as essential…
Do I Need an Attorney to Purchase a New Construction Home?
Many people are drawn to the idea of buying a brand-new home. It’s exciting: you get to choose your lot, customize every detail, and everything is fresh and unused. Homebuilders often try to make the process easy—and even offer special…
When and how should you update your estate plan?
A question that we get asked often is “when should I update my estate plan?” Updating your estate plan is essential to ensure it reflects your current wishes and circumstances. You should update your estate plan whenever significant life events…
How to provide for your family with no savings: Life insurance
When creating an estate plan, many parents with young children have one big concern: Who will provide for our children financially if something were to happen to us?
One of the most important goals of parenting is ensuring your children’s…
What is the attorney review period for a real estate transaction in Illinois?
When you purchase real estate in Illinois, you will negotiate with the seller and come to an agreement. Once you both agree on the terms in principle, you will sign a real estate contract. Once both parties sign the contract,…
How much money should I have before I set up a revocable trust?
The decision to set up a revocable trust is less about a specific net worth and more about your goals and the complexity of your estate. Just about everyone can benefit from a revocable trust and let’s dive into some…
How to refinance real estate that is owned by a trust?
A very common estate planning practice is to draft a trust and title your real estate in the name of the trust. This practice lets the trust “own” your real estate holdings. There are many positive reasons why one would…