When someone dies their estate enters probate. The decedent’s assets will be distributed based on whether a will exists or not. Estate probate cannot be put on hold indefinitely because a family member or potential legatee believes a will exists somewhere. There are deadlines associated with estate probate in Illinois. Extensions can be granted, but typically the process must have started within 30 to 45 days after death. If no will can be found the assets will be will spread evenly to the appropriate family members by the estate administrator assigned to the case.
When drafting a trust, choosing the right trustee is a very important decision. This individual or entity will be tasked with following the responsibilities set forth in the trust. These responsibilities can be as simple as making sure the estate’s assets are properly disbursed among the beneficiaries, or as complex as overseeing the continued financial success of stocks, assets, investments, etc. The trustee is obligated to carry out the terms of the trust in good faith and to the best of his or her abilities within reason. If the trustee makes informed decisions.
A professional limited liability company is a specialized type of limited liability company that is meant for licensed professionals, such as dentists, chiropractors, physicians, accounters, architects, etc. PLLCs exists because many states do not allow LLCs to be formed by professionals whose work requires a license. In this article, we discuss the difference between a PLLC and an LLC, forming a PLLC, and what to do after forming your PLLC.
We offer free, paid & online consultation in nearly every area of law throughout Illinois and Iowa. We have a range of options to assist you with your legal needs.
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When someone dies their estate enters probate. The decedent’s assets will be distributed based on whether a will exists or not. Estate probate cannot be put on hold indefinitely because a family member or potential legatee believes a will exists somewhere. There are deadlines associated with estate probate in Illinois. Extensions can be granted, but typically the process must have started within 30 to 45 days after death. If no will can be found the assets will be will spread evenly to the appropriate family members by the estate administrator assigned to the case.
When drafting a trust, choosing the right trustee is a very important decision. This individual or entity will be tasked with following the responsibilities set forth in the trust. These responsibilities can be as simple as making sure the estate’s assets are properly disbursed among the beneficiaries, or as complex as overseeing the continued financial success of stocks, assets, investments, etc. The trustee is obligated to carry out the terms of the trust in good faith and to the best of his or her abilities within reason. If the trustee makes informed decisions.
A professional limited liability company is a specialized type of limited liability company that is meant for licensed professionals, such as dentists, chiropractors, physicians, accounters, architects, etc. PLLCs exists because many states do not allow LLCs to be formed by professionals whose work requires a license. In this article, we discuss the difference between a PLLC and an LLC, forming a PLLC, and what to do after forming your PLLC.
We offer free, paid & online consultation in nearly every area of law throughout Illinois and Iowa. We have a range of options to assist you with your legal needs.
When someone dies their estate enters probate. The decedent’s assets will be distributed based on whether a will exists or not. Estate probate cannot be put on hold indefinitely because a family member or potential legatee believes a will exists somewhere. There are deadlines associated with estate probate in Illinois. Extensions can be granted, but typically the process must have started within 30 to 45 days after death. If no will can be found the assets will be will spread evenly to the appropriate family members by the estate administrator assigned to the case.
When drafting a trust, choosing the right trustee is a very important decision. This individual or entity will be tasked with following the responsibilities set forth in the trust. These responsibilities can be as simple as making sure the estate’s assets are properly disbursed among the beneficiaries, or as complex as overseeing the continued financial success of stocks, assets, investments, etc. The trustee is obligated to carry out the terms of the trust in good faith and to the best of his or her abilities within reason. If the trustee makes informed decisions.
A professional limited liability company is a specialized type of limited liability company that is meant for licensed professionals, such as dentists, chiropractors, physicians, accounters, architects, etc. PLLCs exists because many states do not allow LLCs to be formed by professionals whose work requires a license. In this article, we discuss the difference between a PLLC and an LLC, forming a PLLC, and what to do after forming your PLLC.
When someone dies their estate enters probate. The decedent’s assets will be distributed based on whether a will exists or not. Estate probate cannot be put on hold indefinitely because a family member or potential legatee believes a will exists somewhere. There are deadlines associated with estate probate in Illinois. Extensions can be granted, but typically the process must have started within 30 to 45 days after death. If no will can be found the assets will be will spread evenly to the appropriate family members by the estate administrator assigned to the case.
When drafting a trust, choosing the right trustee is a very important decision. This individual or entity will be tasked with following the responsibilities set forth in the trust. These responsibilities can be as simple as making sure the estate’s assets are properly disbursed among the beneficiaries, or as complex as overseeing the continued financial success of stocks, assets, investments, etc. The trustee is obligated to carry out the terms of the trust in good faith and to the best of his or her abilities within reason. If the trustee makes informed decisions.
A professional limited liability company is a specialized type of limited liability company that is meant for licensed professionals, such as dentists, chiropractors, physicians, accounters, architects, etc. PLLCs exists because many states do not allow LLCs to be formed by professionals whose work requires a license. In this article, we discuss the difference between a PLLC and an LLC, forming a PLLC, and what to do after forming your PLLC.
We offer free, paid & online consultation in nearly every area of law throughout Illinois and Iowa. We have a range of options to assist you with your legal needs.
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