by laurenjacksonlaw | Mar 30, 2019 | Beneficiary, Estate Planning, Probate, Real Estate
Occasionally, I have a case brought to my practice where a homeowner has died and had no known family members to whom the house should transfer. In this case, there are a few different options for how to handle the future ownership of the house. If the homeowner...
by laurenjacksonlaw | Mar 3, 2019 | Beneficiaries, Estate Planning, Revocable living trust
Yes, if you are named in a trust as a beneficiary then you are entitled to a copy of the trust and an accounting annually of the entire estate. A lot of people keep their estate plan private for a multitude of reasons. However, when someone dies and you have...
by laurenjacksonlaw | Nov 10, 2018 | Real Estate, real estate closing, selling a home, Transfer Stamp
Many cities and villages in Chicagoland and throughout Illinois require you to obtain a real estate transfer stamp before you can complete the sale of your property. If one is required, title companies will not complete the transaction unless a transfer stamp is...
by laurenjacksonlaw | Oct 10, 2018 | Beneficiary, Estate Planning, executor, Probate
An Executor for an estate is the person or entity chosen to carry out final wishes as stipulated in a will. Some of an executor’s responsibilities include: filing the will with the county clerk after the death of the testator, ensuring all debts/claims have been paid,...
by laurenjacksonlaw | Aug 29, 2018 | buying a home, Real Estate, real estate closing, selling a home
If you are selling a house, what exactly happens the day of the closing? First, the buyer will need to accomplish a final walk-through of the property. Before this can happen, all of your possessions must be out of the house. The buyer and their realtor will then...
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