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How to prepare children to one day take over your business

You started a business to be your own boss and to one day give your children an opportunity to take it over. It is important to remember that passing a company from one generation to the next is a process, not an event. You need to prepare them adequately, or you will find yourself among nearly two-thirds of family-owned businesses that do not last between the transition from first to second generation. 

What is probate litigation?

Although you may be familiar with the term "probate" as it relates to asset distribution after someone's death, probate litigation is a specific circumstance within this field. Probate courts deal with matters relating to the debts and property of a person who has died.

Powers of attorney in Illinois

Many people may associate incapacitation with dementia and other mental health issues more likely to affect the elderly. However, a stroke often renders people unable to conduct their own affairs. In fact, according to the American Heart Association, it is the number one reason Americans suffer serious, long-term disabilities.

Misconceptions about property ownership and estate planning

You may have heard that there are a variety of ways to leave your estate to your heirs so that you protect your assets from taxes and probate. Many of these hinge on whose name is on the title or account. Choosing the right type of ownership for your circumstances is essential, but keep in mind that what is "common knowledge" may be a misconception.

3 weird title problems real estate professionals face

As someone in the real estate industry, you know that listing a property is usually fairly straightforward. Most of the time, you simply meet with the owners, negotiate with them and draft a listing agreement. Representing the owners throughout the listing process is generally easy. 

3 important things to include in your estate plans

One reason many people in the Mokena area create estate plans is to reduce the amount of conflict that may occur between their family members after they die. They believe they only need to create wills. There are other estate planning documents they should consider using to protect their estates and prevent disputes. 

Unique estate planning considerations for blended families

In many areas of Illinois, the typical family is blended. That is, there are exes, stepparents, stepchildren, step-grandparents and the like. Each blended family is unique, but many have specific estate planning considerations that may not apply to "traditional" families.

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Zapolis & Associates, P.C.
9991 191st Street
Mokena, IL 60448

Phone: 708-390-8936
Phone: 708-478-5050
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