When a non-lawyer ventures into the world of probate or guardianship, one item that usually causes confusion is the requirement for the representative to post a bond. Under Illinois law, a court-appointed representative is required to post a bond which covers 150% of the value of the personal estate. This…
Many of our clients have children or grandchildren (beneficiaries) that need protection from their own proclivities even as adults. Some of these habits include addictions, poor spending habits or just not living up to their potentials. So what is a parent or grandparent to do? Why not use an “Incentive Trust”? An Incentive…
One of the most important, but most often overlooked estate planning documents, are the Powers of Attorney. Powers of Attorney fall into one of two categories: (1) Powers of Attorney for Property and (2) Powers of Attorney for Health Care. Essentially a Power of Attorney legally authorizes a trusted family…
George Boxill, Prince’s sound engineer, was set to release on April 28, 2017 the “Deliverance” album that included a total of 6 songs from the late performer. However, a U. S. District Judge in Minneapolis agreed with Prince’s estate and issued a temporary restraining order barring Boxhill from distributing any unreleased recordings, including the “Deliverance” EP.…
If you are caring for your mother or father, you may be able to claim your parent as a dependent on your income taxes. This would allow you to get an exemption for her or him. There are five tests to determine if you can claim a parent as a…
Most seniors prefer to stay at home as long as possible before moving into a nursing home. For many families, this means eventually hiring a caregiver to look after an aging relative. Caregivers can be hired directly or through a home health agency. When a caregiver is hired directly, you…
Once someone enters a nursing home it is not always easy to leave. While some residents may prefer nursing home care to living on their own, others would rather be independent. Residents who have been in a nursing home for a long time may have to start all over again when…
In Illinois, estates can be administered under an Independent Administration or a Supervised Administration. Unless an interested party requests a supervised administration, an estate is opened as an independent administration. Unlike a supervised administration, an independent administration does not require filing an inventory and accounting with the Court for the Judge to review.…
What do wills, trusts and ping pong have in common? All three will come together for the Fifth Annual LaGrange Area Table Tennis Tournament on Saturday, NOVEMBER 9, 2013 at 10 am sponsored by the Law Offices of Wilson & Wilson. The tournament will take place at Hinsdale South High…
Elder care managers evaluate the needs of an older individual. Often care issues have been over looked. For example, 12 million Americans live with chronic pulmonary disease, 1.5 million have Parkinson’s disease and researchers estimate that by 2050, 13.2 million Americans will have Alzheimer’s disease. Care managers meet with individuals…