After your passing, most of your estate is subject to probate – a process involving the distribution of your assets to your successors. This way, your heirs can legally acquire your estate by transferring ownership to them. However, not all of your assets need to go...
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Estate Planning
Your Illinois estate plan: Before, during and after divorce
On Behalf of Blacha Law Office, Ltd. | May 15, 2024 | Estate Planning
When a marriage is falling apart, the first thing on your mind probably isn’t your estate plan – but it is something you’ll have to consider soon. Not only is it important to address issues of inheritance (particularly if you’re affluent and have a lot of separate...
Reviewing and updating your will during a Grey divorce
On Behalf of Blacha Law Office, Ltd. | Jun 1, 2023 | Divorce, Estate Planning
The rate of divorce for those over 50 has risen substantially in the past decade. This phenomenon is known as a "grey" divorce due to increased longevity, greater economic autonomy, and changing views on marriage and divorce. In a grey divorce, especially among those...
Four ways to minimize estate disputes
On Behalf of Monika Blacha | Dec 26, 2022 | Estate Planning
During estate planning, careful consideration is often given to each beneficiary to ensure a will is executed as the testator intends. However, numerous families have been torn apart due to estate disputes when a loved one dies. Children of a recently deceased parent...
How do you fund a special needs trust?
On Behalf of Monika Blacha | Aug 5, 2022 | Estate Planning
People with serious health issues or developmental differences may require support in ways that others do not. Whether someone has a congenital condition or acquired health concerns because of illness or an injury, they may require practical support from family...
What can a special needs trust do for you?
On Behalf of Monika Blacha | Jul 28, 2022 | Estate Planning
A special needs trust is an important trust to put into place if you’re caring for a child with special needs. In your estate plan, you can establish a special needs trust that will help provide them with money and assets while protecting their right to the benefits...
How divorce impacts the probate process
On Behalf of Monika Blacha | Apr 19, 2022 | Divorce, Estate Administration/Probate, Estate Planning
When going through a divorce, wills and estate planning may not be high on your list of matters to address. However, you may wish to make changes to what your ex-spouse will inherit after you pass. When getting a divorce, the decisions you make regarding your will can...
What happens when a spouse is excluded in an Illinois will?
On Behalf of Monika Blacha | Aug 27, 2021 | Estate Administration, Estate Planning, Family Law
Marriage is one of the most significant commitments two people can make to each other. This is why the passing of a spouse is so difficult, regardless of whether the two individuals were still married, cordially acquainted, or estranged. Therefore, an omission from...
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