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Your digital life holds value, from social media accounts to cryptocurrency investments. Without a plan, you may lose control over your online presence and digital assets. Including them in your estate plan ensures you dictate their management. Identifying your...
Estate planning might seem daunting, but it ensures that your assets pass to your loved ones smoothly and according to your wishes after you pass away. It also helps minimize any legal complications and taxes that could arise. Understanding the most important elements...
When parents pass away with debt, that responsibility does not typically pass directly to their children. Consider how the Illinois probate court handles debt after death. Co-signers and debt responsibility Unless you co-signed on a loan or other line of credit for...
When a loved one passes, the will they leave behind is likely to go through the probate process. This is necessary for confirming the validity of the will and ensuring that the proper legal authorities oversee the distribution of assets in a fair and just manner. In...
Becoming an executor of a will is a serious responsibility. The law defines the duties of an executor of a will in Illinois, and also defines the penalties for abusing the role. A decedent nominates an executor in their will to oversee the affairs of their estate when...