As society becomes more digital, all our personal information and even some possessions are stored on the internet. Everyone seems to have email accounts, photos, social media accounts, and cloud storage just to name a few, but the list can
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 7
How to fund your revocable trust?
If you have had your estate plan drafted recently and that plan included a revocable trust, your job is not quite over yet. One of the most important things must then do is fund your trust. If you do not…
The Importance to You and Your Loved Ones of Having an Estate Plan
In 2008, Congress recognized the need for the public to understand the importance and benefits of estate planning by passing House Resolution 1499, which designated the third week of October as National Estate Planning Awareness Week. Nevertheless, according to a…
Winning a Homebuyer Bidding War
Who could have predicted that at one moment our country and state would shut down due to a pandemic and shortly thereafter emerge into one of the hottest real estate markets in recent memory? If you are a first-time homebuyer,…
Breaking it Down: Generation-Skipping Transfer Tax
The following write-up was provided by Wealthcounsel.
Among confusing legal concepts, the generation-skipping transfer (GST) tax is at the top of the list. Because of its complexity, many attorneys lump it in with concepts such as the rule against…
Is a ‘Zestimate’ of your home accurate?
Zillow, Zillow, Zillow
The name Zillow may be a play on the word “zillions,” relating to the zillions of data points used to develop the Zestimate. Zillow also rhymes with pillow and triggers the emotions attached to homeownership.
Did you…
Common Estate Planning Myths
Estate planning can be a very difficult process. While it’s not brain surgery, making the decision to move forward with the planning requires us to face the fact that we will not live forever. This thought can stop many people…
What is the best way to leave assets to minor children?
What is the best way to leave assets to minor children? Well, that depends on the testator’s intentions and risk level, but there are a few options and basics to keep in mind:
In Illinois, children under age 18 may…
The Importance to You and Your Family of Having an Estate Plan
In 2008, Congress recognized the need for the public to understand the importance and benefits of estate planning by passing House Resolution 1499, which designated the third week of October as National Estate Planning Awareness Week. Nevertheless, according to a…
How to own your Real Estate
Real estate encompasses not only one’s primary residence but also other real estate such as a vacation home or a rental property. The ideal form of ownership varies depending on the type of real estate you own. Below, we take…