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How to Qualify For A Reverse Mortgage On Your Property

Reverse Mortgage:A Chance to Cash in Your Home’s Equity Reverse Mortgage is a loan arrangement in Illinois, where homeowners 62 years of age or older have a chance to get a monthly payment, or a single lump sum payment, if they agree to turn their home equity into cash. A reverse mortgage is a way for seniors to receive earnings in a situation where they have no other income sources. With a reverse mortgage, seniors can keep their homes and finance their monthly expenses when they find it difficult to make ends meet. How to Qualify For a Reve... Read more

Understanding the Merits of an Uncontested Divorce

You decided to marry because you were in love and wished to start a new life together. No couple thinks it will end in divorce. Unfortunately, some couples have to face reality when their marriage is falling apart. If you and your spouse have discussed divorce, either of you may have been served a petition under the Illinois Marriage and Dissolution of Marriage Act. Merits of an Uncontested Divorce If you believe divorce is the only way out of your marriage, then it’s essential to consider an uncontested divorce for the following merits: Save... Read more

All You Need To Know About Loopholes in a Quitclaim Deed

Buying and selling real estate without the assistance of an experienced real estate attorney in Illinois could land you in hot waters. Real estate attorneys warn people from coming up with their own quitclaim deed in Illinois. People interested in creating their own deed must do so with caution. For those interested in creating the right form of tenancy for the new grantee, it becomes necessary to comprehend multiple types of tenancies. Each tenancy effects ownership rights and a property attorney is the right person to explain the different te... Read more

Changes in Illinois Spousal Maintenance You Should Know About

For many couples, divorce is a difficult decision and it affects every family member. A divorce is not something you can plan for in advance. Over time, couples are engulfed with irreconcilable issues, which force them to put an end to their dysfunctional relationship through legal means and mutual agreement. In the first few months of 2019, we have witnessed significant alterations to the state and federal divorce laws. These changes also have an impact on the Illinois spousal maintenance, also known as alimony or spousal support. Reaching out... Read more

Real Estate Laws to Know Before Making an Investment

There are many investors seeking to expand their investment portfolio by capitalizing on real estate opportunities. Understanding of how to perform proper due diligence may save investors from legal complications. If you are looking to make an investment in real estate, you can benefit from the services of an experienced real estate lawyer. Here are some legal pointers that might come handy when investing in real estate. Choosing the Right Investment When an individual is planning to invest in a real estate property, they should conduct compreh... Read more

How to deal with Asset Division During Divorce

A divorce can give rise to disagreements and disputes between spouses, ranging from child custody battles to spousal maintenance arguments. One of the main areas which may create an extremely hostile situation is asset division, especially when there are valuable assets involved. If you are planning to part ways from your partner, here are some important tips about asset division during the divorce. Understanding The State’s Property Division Laws Learning about state laws applicable to your divorce case allows you to make better and more inf... Read more

Probate & Trust Litigation: What Should I Take to My Probate Lawyer?

When going to a real estate lawyer for the purpose of probate and trust litigation, most people are actually unaware of what to expect and, most importantly, what necessary documents and information should they bring to their office. Here are some of the important documents that you should take to your lawyer. Previous Will and Testament – The original copy of the final Will approved by the decedent which may include any amendments. In case the deceased dies without leaving a Will (intestate), then the state law will be used to determine the ... Read more

Trusts & Estates: Planning for Kids from Prior Marriages and Current Spouse

Legal matters pertinent to trusts and estates are extremely complex due to the numerous variables that are involved, supplemented by the level of intricacy and technicality involved in it, especially when it comes to estate planning. For instance, an individual may want to leave their property for their children from their prior marriage, but they might want to let their current spouse live in that property for the remainder of his/her life. Such kind of provisions can be made primarily by taking one of these two routes: a Will and a living tr... Read more

Different Types of Trusts

A trust is a right in an asset or a property, which is held in a fiduciary relationship by one entity for the benefit of another. The one who holds the title to the trust property is referred to as a trustee while the person who is entitled to receive benefits is deemed as beneficiary. There are numerous categories of trust, each of which are created for different purposes. Here are some different types of trusts in the United States: Revocable Trusts – Revocable trusts, also known as living trusts, are created during the trust maker’s life... Read more

Estate Planning Guide for Spouses Seeking Legal Separation

Estate planning can be fairly simple when two spouses are happily married and living together, provided that their financials are in order. However, when a couple is seeking to part ways, complexities may arise when planning their estate as there are additional factors that require consideration. Furthermore, if a married couple is opting for a legal separation rather than a divorce, there are certain concerns pertaining to estate planning that must be addressed. Therefore, it can be highly advantageous for your case to procure legal services o... Read more