Should we fear being audited? Generally, no. Only around 1% of taxpayers are audited each year. For the great majority of Americans, their only interaction with the IRS will be the yearly filing of taxes. And even if the IRS audits you, if you’ve kept your taxes in order, you have nothing to worry about. Learn more about taxpayer audits here.
No-contest clauses, also known as in terrorem “by way of threat” clauses, are provisions in wills that provide that if a beneficiary of the will “a legatee” challenges the validity of the will, he or she will forfeit his or her inheritance or receive only a nominal inheritance.
In this article, we will explain the torts of tortious interference with an expectancy of inheritance and fraudulent inducement, two common causes of action in Illinois probate litigation. In the context of Illinois probate disputes, both causes of action are brought against individuals who wrongfully deprive the plaintiff of his or her inheritance. We will discuss the elements of each cause of action in Illinois and how they interact with Illinois will contests.
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Should we fear being audited? Generally, no. Only around 1% of taxpayers are audited each year. For the great majority of Americans, their only interaction with the IRS will be the yearly filing of taxes. And even if the IRS audits you, if you’ve kept your taxes in order, you have nothing to worry about. Learn more about taxpayer audits here.
In cases in which probate is required, the executor of the estate or the next of kin cannot take the actions necessary to administer the estate without the authority granted by the probate court. Probate is a complicated process that requires executors to prepare forms, meet deadlines, keep records, generate reports, submit filings to the court, and serve notices to creditors, heirs and local newspapers.
Choosing a trustee is, perhaps, the most difficult decision you must make when completing an estate plan. Do you choose a family member or friend to be trustee? Why would you want a professional trustee? What should I look for in a trustee? What are the advantages of choosing a professional trustee?
Make a consultation reservation online using our online scheduling tool.
Make a consultation reservation online using our online scheduling tool.
Our team of friendly professionals are standing by to take your call now at (630)324-6666.
Our team of friendly professionals are standing by to take your call now at (563) 503-6910.
Should we fear being audited? Generally, no. Only around 1% of taxpayers are audited each year. For the great majority of Americans, their only interaction with the IRS will be the yearly filing of taxes. And even if the IRS audits you, if you’ve kept your taxes in order, you have nothing to worry about. Learn more about taxpayer audits here.
In cases in which probate is required, the executor of the estate or the next of kin cannot take the actions necessary to administer the estate without the authority granted by the probate court. Probate is a complicated process that requires executors to prepare forms, meet deadlines, keep records, generate reports, submit filings to the court, and serve notices to creditors, heirs and local newspapers.
Choosing a trustee is, perhaps, the most difficult decision you must make when completing an estate plan. Do you choose a family member or friend to be trustee? Why would you want a professional trustee? What should I look for in a trustee? What are the advantages of choosing a professional trustee?
Should we fear being audited? Generally, no. Only around 1% of taxpayers are audited each year. For the great majority of Americans, their only interaction with the IRS will be the yearly filing of taxes. And even if the IRS audits you, if you’ve kept your taxes in order, you have nothing to worry about. Learn more about taxpayer audits here.
In cases in which probate is required, the executor of the estate or the next of kin cannot take the actions necessary to administer the estate without the authority granted by the probate court. Probate is a complicated process that requires executors to prepare forms, meet deadlines, keep records, generate reports, submit filings to the court, and serve notices to creditors, heirs and local newspapers.
Choosing a trustee is, perhaps, the most difficult decision you must make when completing an estate plan. Do you choose a family member or friend to be trustee? Why would you want a professional trustee? What should I look for in a trustee? What are the advantages of choosing a professional trustee?
Our team of friendly professionals are standing by to take your call now at (630)324-6666.
Our team of friendly professionals are standing by to take your call now at (563) 503-6910.
Monday to Friday
9am - 5pm
Monday to Friday
9am - 5pm
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