Date: 02/18/22 Author: Attorney Andrew J. Mertzenich McHenry County Estate Planning Lawyers Winnebago County Estate Planning Lawyers How to Contest a Will in Winnebago County First, a will is a legal document involved in an estate plan which determines what happens with someone’s assets once they pass away. At times, the people involved in a will may be displeased with

Date: 01/27/22 Author: Attorney Andrew J. Mertzenich  Intestate Distribution Methods To begin, intestate distribution is the default distribution method for when someone passes away without a will. In short, a will determines a persons wishes and demands after they pass away.  Strict Per Stirpes Distribution: The first, and most common, form of distribution is per stirpes distribution method. Here, the estate

Date: 12/28/21 Author: Prime Law Group Explaining Living Wills To begin, in simple terms, a living will can be defined as a person’s “end of life” wishes. To clarify, this document expresses the “will’ or ‘intent’ a person wants when they are no longer able to make decisions on their own. Though they are often called “living wills” they are

Date: 12/7/21 Author: Prime Law Group Financial Vs. Medical Power of Attorney A power of attorney or POA for short, allows an individual to give legal authority on the behalf of another. To clarify, an agent appointed by a power of attorney is someone who make decisions for you when you are no longer able to. Furthermore, an agent can

Illinois Estate Planning Guide Date: July 27, 2021 By: Prime Law Group Important Estate Planning Documents The first step to having a comprehensive estate plan is to gather information on your personal and financial information. “Estate planning documents include wills, trust agreements, beneficiary designations for life insurance, 401(K) plans and IRAs, powers of attorney for healthcare and property, buy-sell agreements,

Differences Between a Living Will and a Power of Attorney? There are a number of different legal documents that fall under the practice area of “estate planning.” The general purpose of this area of law is to assist you in planning what you would like to happen to your properties, assets, and yourself upon the end of your life. Many

May 29, 2020 Thinking about the future can be intimidating, but it is important to consider how you want your wishes carried out in the event you become incapaciated or after you pass away. Under the Illinois Power of Attorney Act, a power of attorney (POA) is someone you (principal) designate (agent) to manage your financial affairs who also makes