Being a small business owner myself, I truly understand the positives and negatives of running your own small business. There is always work that needs to be done and often not enough hours in the day to accomplish them.
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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 6
What assets should go into my trust?
You have a revocable trust drafted, signed, and notarized. I bet you think your assets are covered; however, your work is not done yet. Completing your trust is only part one. Part two is your homework. Now, you must transfer…
What to ask your financial advisor?
When thinking about estate planning, you may not realize how much a financial advisor can be involved in the process. Many financial advisors will not take you on as a client if you do not have your estate planning…
Can you buy and sell a home in the same day?
Are you ready to buy a home? Are you ready to sell your current home? Do you think it is possible to do both transactions in one day? With some good planning and a little bit of luck on your…
A college incentive provision, when to use it
When clients are completing their estate plan and they have minor children one of the hardest questions to answer is what is the best way to leave assets? I would never advise clients to give large sums of money to…
Family Matters: Top three scenarios when real estate is left to multiple beneficiaries
If you are part of a group of beneficiaries (2, 3, etc.) and have inherited a parcel or parcels of real estate together, there are a variety of ways in which the real estate may be distributed.
First and foremost,…
Is a real estate short sale an option?
A real estate short sale is where you owe more money on your loan than what you can sell the home for. This is not an easy transaction in this current market, but it still is possible to get your…
Should I accept a Quit Claim Deed if I am buying a house?
When buying residential real estate, there are a lot of documents that you will sign and documents you will receive at the closing. One of those documents is the deed to the property. Even if you are buying with…
What is the first step of the probate process?
When a loved one dies it is a very stressful time for all family members involved. If the decedent completed their estate plan (including funding it) a lot of the work to transfer the assets upon death has been done. …
A guide to the probate process in Illinois
The probate process in Illinois is an unknown and confusing process for most individuals having to navigate it. Whether the deceased has a will or trust and the assets in the estate will determine the path we take on how…