Trusts are popular among residents of Naperville and other parts of the greater Chicago area primarily because they can keep a person's estate out of probate and greatly simplify the process of passing along property to loved ones after the person dies.In most cases,...
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Estate Planning
When might a family need a guardianship for a loved one?
On Behalf of Demetrius J. Karos, Ltd. | Mar 28, 2019 | Estate Planning
People who are disabled either due to an illness or injury or simply on account of condition they have had since early childhood may require a lot of care and support. Likewise, an Illinois resident getting along in years may suddenly find himself no longer capable of...
Estate planning for end of life care
On Behalf of Demetrius J. Karos, Ltd. | Feb 15, 2019 | Estate Planning
While it is quite easy for one to focus on what will happen to her property after she dies, it is equally important for a resident of the Chicago area to plan for what will happen to her as she ages and, consequently, starts facing health problems.When a person starts...
Choosing a trustee may be the most important decision you make
On Behalf of Demetrius J. Karos, Ltd. | Jan 31, 2019 | Estate Planning
If you are like other Illinois residents, part of your New Year's resolutions was to create an estate plan. Doing so could put your mind and the minds of your family members at ease. As you begin formulating your estate plan, you may determine that the addition of a...
Your will should change as your life does
On Behalf of Demetrius J. Karos, Ltd. | Dec 4, 2018 | Estate Planning
Writing your will probably gave you a certain piece of mind. After all, you may have been hearing from different sources that having a will is essential for protecting your family and ensuring your estate gets to the right hands. Without a will, your loved ones may...
What is the difference between a living will and a health proxy?
On Behalf of Demetrius J. Karos, Ltd. | Oct 26, 2018 | Estate Planning
As part of almost any estate plan, a resident of the greater Chicago area is going to want to give some guidance on how she want her health care to go. This is particularly important as the chances of a serious illness increase because the person may not be able to...
How we can help our clients protect their legacy
On Behalf of Demetrius J. Karos, Ltd. | Aug 3, 2018 | Estate Planning
Previous posts on this blog have discussed some of the many services our law office offers to those in the greater Chicago area who are trying to plan what will happen to their assets when they die.The goal of many of these people is to pass as much of their wealth on...
The benefits of a special needs trust
On Behalf of Demetrius J. Karos, Ltd. | Jun 22, 2018 | Estate Planning
In in general, trusts can be a beneficial component of an estate plan. A trust is an arrangement wherein property is managed for the benefit of another party. The party managing the property is referred to as the trustee and the party receiving the benefit is referred...
Understanding the importance of a will
On Behalf of Demetrius J. Karos, Ltd. | Jun 8, 2018 | Estate Planning
Having a validly executed will is the basic foundation of a good estate plan. A will provides a cornerstone for the estate planner's overall estate plan and directs how property will be divided to beneficiaries. Personal property that may be distributed in a will can...
The basics of estate planning
On Behalf of Demetrius J. Karos, Ltd. | May 10, 2018 | Estate Planning
Estate planning can be intimidating if the estate planner is not familiar with the process or what to expect but if they understand the process and know what to expect, they will also understand the benefits. The estate planning process can provide peace of mind for...
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