Chicago Estate Lawyer

Chicago Attorney Handling Cases Related to the Estate of a Minor

Dealing with any estate can be complex. When the estate of a minor is involved, the situation can be even more difficult. With the help of an experienced estate planning lawyer, the issues related to the estate of a minor can be explained and handled in an effective and efficient manner.

At the Law Office of Zapolis & Associates, P.C., we have been handling estate planning issues since 1980. Under the guidance of attorney Robert Zapolis, we are able to provide clients with comprehensive advice and guidance in handling the estate of a minor. These can be complicated issues, as they cannot be handled in the same way that the estate of an adult can be handled. We can advise on a range of issues that may apply, including property transfer, asset distribution and letters of guardianship. Contact us today to further discuss these issues.

Uniform Transfers to Minors Act

Since minors do not have legal capacity to contract or deal with assets, it is important that someone else be handling their estate matters. The title to a minor's assets is usually held by a guardian or property is given to a trustee to hold for the benefit of the minor. However, guardianships and trusts are expensive and not suitable for cases where smaller amounts of money or other property are being dealt with. This is why the Uniform Transfers to Minors Act was created.

For more information on the estate of a minor, contact a knowledgeable lawyer at the office of Zapolis & Associates today. We utilize our extensive experience to ensure that your estate planning and administration needs are met to the best of our ability.

In Illinois, this Act allows a transfer to be made to a custodian for the benefit of the minor. The Act specifies the consequences of the transfer and the rights and duties of the parties. There are no documentation requirements beyond the form of the transfer itself.

There are a variety of criteria that apply to an asset or property transfer under this Act. Our firm is able to explain the Act and how it may apply in your specific case or situation.