For a free 30-minute initial consultation, please call us at (630) 912-8700, or fill out and submit our online intake form. They take the time to write a will and execute other documents that govern end-of-life issues, such as advanced directives, powers of attorney and living wills. Going to court is expensive. See below for our other locations. Executor of a will naperville. A Naperville estate administration attorney may be able to help. If you have recently lost a loved one or friend and have been named the executor of the estate, contact us at 630-868-3910 in Naperville, IL or 630-653-4300 in Geneva, IL to schedule a free 15 minute consultation to discuss how we can help you. First, the named Executor must ensure that the Testator's (Will-maker's) original Last Will and Testament is filed with the local county court clerk in Illinois.
Supervised administration is typically only used in litigated estate situations. Finally, people should memorialize every step that they take. All these are important factors to think about. The person designated to carry out the actions defined in a will is called the executor. In addition, if you have a more complex estate with substantial amounts of property and assets, you may be better off setting up one or more trusts and bypassing the probate process entirely. Linda Bal is a skilled probate attorney with more than 25 years' experience. We focus on creating tailor-made legal solutions with personal service to each and every client we serve. Your will is a key part of your estate plan, and by working with an experienced attorney, you can ensure that it will address your wishes and meet your family's needs. We will walk you through the process and answer all of your questions. And depending on the state, probate fees could be very expensive. In fact, a Will can save expense by eliminating the need for sureties on bonds, expediting the sale of property, avoiding guardianship for minors where not really necessary, and otherwise providing the executor of the Will with clear directions on handling of the estate. Naperville estate planning attorney. A bank or trust company also may be named as executor.
Identifying and valuing assets. A will is your written set of instructions on how you want your estate to be distributed. An executor cannot be paid a percentage of the estate. How to Become the Executor of an Estate in Illinois - Out-of-state executors in Illinois - Qualifications to serve as Executor - How to Become Appointed Executor of the Will Illinois. Legal title in property is transferred as outline in the will or, if there is no will, under the laws of intestacy. To discuss the estate planning options that best suit your particular needs, please contact Kollias P. C. for a free initial consultation.
The executor will file a petition with the local probate court, provide details or your property and debts, distribute inheritance according to your will and more. In DuPage County, original wills are filed at the clerk's office on the first floor of the DuPage County Courthouse in Wheaton, located at 505 N. County Farm Road. Professional will executors near me. A variety of considerations will determine the distribution methods that are appropriate for you. If our office locations are not convenient for you, we are happy to speak with you by phone.
This entails recording how much time spent each day on probate matters, as well as the substance of the work. The lawyer could also review the client's circumstances and provide advice on estate administration, including writing and updating wills and other documents. Creating A Will | DuPage County Estate Plan Lawyer | Naperville. At SBK Law Group, our estate planning attorneys have more than 25 years of combined legal experience, and we can help you understand the best ways to plan for your family's future. If you have minor children, who will raise them?
If you need any help with estate planning, we invite you to sit down with us to discuss all the legal tools that can be used to meet your intentions. As you work to make decisions about matters related to your estate, our lawyers can help you set down your wishes and ensure that they will be followed correctly both before and after your death. Give yourself the peace of mind that comes with knowledgeable guidance: call 630-510-1800 or fill out the quick contact form on this site. Having a will can also waive surety bond requirements and help to avoid hefty tax bills. Attorney profiles include the biography, education and training, and client recommendations of an attorney to help you decide who to hire. Our estate planning lawyers have helped a multitude of clients turn their desires about health, finances and property into legally-enforceable instruments such as a will or trust. Because title passes automatically, there is no need for probate. It is important to review your employer-sponsored retirement plan, IRA, life insurance, and other contracts to make sure your beneficiary designations reflect your current wishes. Trusts can be very effective estate planning tools. Although most consultations are complimentary, some may carry a charge depending on the type of matter and meeting location.
In the end, even though the estate process was complex, we were able to put Carol's mind at ease by guiding her at every step of the way, ultimately resulting in a reasonable settlement of the estate. We were also able to guide Sarah through the complexities in the probate administration process, including an initial partial distribution of the estate assets and a detailed final distribution of the assets to the beneficiaries. There are multiple different types of trusts. Detailed law firm profiles have information like the firm's area of law, office location, office hours, and payment options. Our excellent Naperville attorneys put client service first, and it shows. The legally assigned representative of the deceased person's estate is known as the executor.
The executor is the court appointed person to be in charge of your estate. There are several other reasons creating a will is in your best interest, including: - You decide how the assets in your estate are distributed: If you die without a will, your assets are distributed to your spouse, children, siblings, etc. There are many things an estate planning lawyer must take into consideration. Serving DuPage County Beneficiaries, Trustees and Executors. Failures and breaches like the ones listed above can be grounds for removal of a trustee or executor. The death of a loved one can cause serious arguments among family members. If there is no Will the court appoints an administrator to settle the estate and make distributions as provided by law, after all debts and expenses have been paid.
It's never too early to prepare for the future. You can benefit from the services of professional asset managers, and you can protect your assets in the event of your incapacity. Know that we are here to help, and one way is by providing you with a checklist of things to think about when you lose a loved one. E-mail: From our office in Schaumburg and Naperville, Illinois, we handle matters in areas of DuPage County, Cook County, Will County, Lake County and Kane County including Aurora, Barrington, Bartlett, Carol Stream, Hoffman Estates, Naperville, Oak Brook, Roselle, Schaumburg and Streamwood. Working with lawyers, appraisers, accountants and other experts. Without a Will the state will decide how your assets would be distributed in the event of death. Instead, he or she is entitled to "reasonable compensation. " A Will may be revoked or changed at any time before death so long as the maker is legally competent.
Under 755 ILCS 5/4-3, for a will to be legally valid, it must be signed by the testator. Contact Kuhn, Heap & Monson to set up a free initial consultation with a will creation and estate planning attorney to ensure the future of your assets are protected. When no will exists, or if the legitimacy of it is questioned, helping administer the estate can be costly. For nearly four decades, our law firm has been serving clients throughout Northern Illinois. Probate can be time-consuming, and your assets still may not be distributed as desired. While the average person may be aware of most of these duties, it is important for executors to comprehend the full scope of their responsibilities.
Our Naperville attorneys work together closely to bring our collective experience to bear on any issue that may arise for our clients. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. How long does it take to be appointed as the Executor in Illinois Probate Court? You will also need to make sure that the estate's assets, such as real estate and vehicles, are secured so that they are not compromised before they can be allocated. A will is a written document that outlines how your property and assets will be handled in the event of your death. For practiced assistance with estate administration or probate in Illinois, contact our office. Fortunately, Illinois courts have come up with different factors that go into determining whether or not a fee is reasonable. Your heirs will have not received their inheritance until the probate process is finished.