In this article, we explain how to prepare for a real estate closing in Schaumburg. In this article, we discuss a checklist of tasks for the seller (or the seller's attorney) to handle between the execution of the contract and the closing date. We cover questions about residential real estate, including but not limited to the following:

• What disclosures are required for Illinois real estate closings?
• What is a title commitment in a real estate transaction?
• What is responsible for ordering a survey in an Illinois real estate closing?

Read our full article where Schaumburg real estate closings lawyers discuss how to prepare for a real estate closing.

The question of whether or not all property is subject to probate is often asked once someone has passed away. In this article, we explain what probate is, when probate is required in Schaumburg, what it means for an asset to be subject to probate, and what types of property do not need to go through probate in Illinois when their owner passes away.

In this article, we discuss questions pertaining to property probate including:

• What Does it Mean for an Asset to be Subject to Probate?
• What Types of Assets Do Not Have to Go Through Probate?
• Does Property Held in Trust Go Through Probate?
• Does Jointly Titled Property Go Through Probate in Schaumburg?
• Do Payable on Death Accounts Go Through Probate in Schaumburg?
• Transfer on Death Deeds and Schaumburg Probate
  

Read the full article by our Schaumburg real estate closing lawyers regarding how to appeal your property tax assessment.

A probate court is appointed a guardian in the absence of a will or trust, for when the decedent's estate will go through probate. The guardian of the minor child is responsible for managing the inherited assets of the minor until the minor reaches age 18, at which point the remaining assets will be paid out to the child. The guardian of the estate will have the duty to preserve as much of the inheritance as possible for distribution to the child when the child reaches the age of majority.  

This can occur under various circumstances including: 

• Decedent dies intestate (without a will or trust)
• Decedent has a will in place, but not a trust
• Decedent has a trust in place 
  

Read the full article by our Schaumburg real estate closings attorneys regarding a minor inheriting property.