If you have an elderly loved one in your care, there may come a time when placement in a nursing home is the best option for everyone. While this decision is extremely difficult, it's important that you choose a skilled and caring facility capable of addressing your family member's specific needs and medical issues. The National Institute on Aging offers the following advice on how you can make the best possible decision.
3 ways to avoid probate when drafting an estate plan
Creating an estate plan is something Illinois residents should focus on, especially when there is a business involved. Having a plan in place for how your assets, debts and business divide upon your death may stop infighting between heirs.
Business succession planning is a process
Transferring a business to family members can be both rewarding and stressful for Illinois small business owners. For it to be successful, succession planning is more a process than an event. At Zapolis & Associates, P.C., we often assist business owners in determining who should inherit the business while maintaining family harmony.
Avoid probate litigation with a beneficiary deed
If you have a family home in Illinois and several potential heirs, you may want to make arrangements before you die to keep it out of probate. For parents who have several children, this may cause a contentious situation once they have passed away. At Zapolis & Associates, P.C., we often assist clients in the probate and administration process.
Build your legacy for future generations
Adding a trust to your Illinois will can help you control your estate and pass it on to the beneficiaries of your choice. For individuals with significant assets, this financial tool can help protect their wealth for generations. At Zapolis & Associates, we often assist clients in the preparation of trusts, wills and other estate planning tools.
Estate planning and mental disorders
There is a myriad of issues that people have to consider when creating an estate plan, and nobody is in the exact same situation. For some people, such as those who struggle with a mental disorder, the estate planning process can be especially complex. Moreover, those who have loved ones who struggle with mental disorders and intend to give them inheritance may have additional considerations to look into while creating their estate plan.
How do you transfer an Illinois guardianship to another state?
For one reason or another, it may be necessary to transfer your guardianship to another state. Perhaps you must make the move, or perhaps it is your ward's wish to relocate. In either case, you cannot just pick up and go without first taking legal steps to transfer your guardianship to the new location. According to the Illinois General Assembly, this usually involves a petition to the court. However, there may be instances in which the court itself initiates the motion.
