by Lauren Jackson | Aug 27, 2023 | Attorney, Lawyer, Limited Liability Company, Real Estate, Small Business
If you own one or more real estate rental properties, a question to ask yourself should be what is the best way to legally protect yourself and your properties from liability? The top strategy utilized today is to create an LLC, or a Series LLC. A Limited Liability...
by Lauren Jackson | Aug 7, 2023 | Attorney, buying a home, Contracts, Lawyer, Real Estate, real estate closing, Real Estate Inspection, selling a home
When buying residential or commercial real estate, it is highly recommended to get a certified inspection on the property. A residential home inspection report is a document prepared by a professional home inspector after assessing the condition of a residential...
by Lauren Jackson | Jul 22, 2023 | Attorney, buying a home, Elgin, foreclosure, Lawyer, mortgage, Real Estate, real estate closing, selling a home, Short Sale, St. Charles
When having to deal with a short sale real estate transaction, you should never allow a buyer to move in before the process has been finalized. Allowing a buyer to move can be a risky decision for several reasons and we will explore a couple of them below. Based on...
by Lauren Jackson | Jul 5, 2023 | Attorney, Deed, owner's title policy, Quit claim deed, Real Estate, St. Charles
To remove a person from the title of a house while keeping the ownership of the property intact, you will have to go through a legal process and almost certainly hire a real estate lawyer. Whether the person you want to be removed is alive or deceased will have an...
by Lauren Jackson | Jun 7, 2023 | Attorney, buying a home, Elgin, Lawyer, Real Estate, real estate closing, selling a home, St. Charles
If you are selling real estate (residential or commercial), you have a lot going on. Not only do you have to deal with your regular life stressors but add in packing, moving, dealing with inspection issues, etc. it can become overwhelming. We understand it is not an...
by Lauren Jackson | May 19, 2023 | Estate Planning, Revocable living trust, Trusts
Let’s be honest, estate planning can be complicated. So many major decisions must be made and so many documents should be completed. The thing about estate planning is that each individual or family’s estate plan can be designed to fit their needs. No two estate...
by Lauren Jackson | Mar 17, 2023 | Estate Planning, Trustee, Trusts
If you have a revocable living trust in place for yourself, you can generally amend your trust at any time, including the trustee. However, amendments must be properly executed based on state law and in accordance with the terms of the trust. Alternatively, if you...
by Lauren Jackson | Mar 7, 2023 | Elgin, Quit claim deed, Real Estate, Transfer on death instrument
In 2012 the Illinois Residential Real Property Transfer on Death Instrument Act became Illinois law. This act authorized the use of a new deed called the Transfer on Death Instrument (“TODI”). This new tool allows the transfer of residential real estate outside of...
by Lauren Jackson | Feb 6, 2023 | Attorney, Estate Planning, Lawyer, Small Business, Succession Planning
Being a small business owner myself, I truly understand the positives and negatives of running your own small business. There is always work that needs to be done and often not enough hours in the day to accomplish them. Once your business has been established and has...
by Lauren Jackson | Feb 6, 2023 | Estate Planning, Revocable living trust, Trusts
You have a revocable trust drafted, signed, and notarized. I bet you think your assets are covered; however, your work is not done yet. Completing your trust is only part one. Part two is your homework. Now, you must transfer your assets into the trust, one by one....
