Updates, News and Reminders

Blog Categories

Blog Categories

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Legal Capacity Consequences

January 22, 2023      by: tlaw

The American Bar Association defines ‘legal capacity’ as “the ability to perform a task – or make a decision. State laws set out the standards of legal capacity for various tasks – consent to treatment, make a Will, Trust or Deed, and make a gift or contract.

Joint Tenancy

POD and TOD Account Disadvantages

September 18, 2022      by: tlaw

What are POD and TODs? They are an increasingly popular method of providing for the distribution of financial accounts at your death. They are helpful in certain situations; however, there are critical limitations and risks associated with using them.

Image of a gun that can e owned by Gun Trustby joshlsnader from Pixabay

Is a Gun Trust Necessary?

September 18, 2022      by: tlaw

Firearm ownership transfers upon disability or death are covered in the Illinois Trust Code. With the statute, firearm ownership upon disability is fraught with potential issues.

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Disaster Protection this Summer

July 29, 2022      by: tlaw

Disaster intrudes into our lives without any warning in most instances. Therefore, being prepared and protecting yourself and your family is critical.

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Your Guardianship Risk

June 17, 2022      by: tlaw

The reality is that every one of us is at risk of becoming a ward of the state – under order and control of the court system.

Photo by mohamedhassan from Freerange Stock

Your Summer Checklist

May 21, 2022      by: tlaw

A checklist helps to ensure there are no gaps in your health care, financial, insurance, or estate plan documents.

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Health Care Power of Attorney and Kids

February 14, 2022      by: tlaw

Is it necessary for your children to have a Health Care Power of Attorney document? The short answer is- Maybe

alt="a judges gavel in probate court estate plan dispute"

A Chicago Cop, George Halas, and Prince

January 13, 2022      by: tlaw

What could those three people possibly have in common? Horrendous estate planning.

Firearms Transfer Rules Update

October 25, 2021      by: tlaw

Whether at your retirement or death, an often overlooked issue can cause many problems. Whether you have two firearms or 20+, transferring them to another person is a process. I know you understand how someone did that a few months ago. However, like everything else, times have changed. Firearms Transfer During Your Lifetime During your … Continue reading Firearms Transfer Rules Update

Have Your Beneficiaries Been Reviewed Lately?

September 18, 2021      by: tlaw

There are various reasons why your listed beneficiaries might not fit your current intentions. It can also prove costly because of circumstances beyond your control.