MENU
CONTACT

Updates, News and Reminders

Blog Categories

Blog Categories

alt="Tom Tuohy of Tuohy Law Offices at his desk"

The Importance of Your Financial Agent

March 20, 2023      by: tlaw

The Illinois Power of Attorney Act provides, in part, that every individual has the right to appoint an agent to make property, financial, personal, and health care decisions for that individual.

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.

Gun transfer on death or disability

Firearm Transfers Following Death or Disability

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.

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.

alt="teenager walking on railing and Health Care Power of Attorney Protection"

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.

alt="Health Care symbols and images"

Know Your Health Care Rights

December 15, 2021      by: tlaw

We have all experienced the health care system. Honestly, can you say you are looking forward to your next experience? Part of it is the uncertainty of what we will find out. However, most of our anxiety and frustration is about the feeling we are not in control. Well, you can be, and you have the right to be in total control of your health and your care.

Gun transfer on death or disability

Firearms Transfer Rules Update

October 25, 2021      by: tlaw

Whether it is at your retirement or your death, an often overlooked issue can cause many problems. Whether you have two firearms or 20+, there is a process to transfer them to another person. I know you fully know how someone did that a few months ago. However, like everything else, times have changed. Firearms … 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.