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RECENT LEGAL ARTICLE

  • chicago elder law

    What is financial exploitation of the elderly?

    What is financial exploitation of the elderly? We have seen an increase in probate cases involving aging adults who are taken advantage of by people they know, trust, and love. Family members often discover, too late, that their parents or grandparents have been preyed upon by a caregiver or new “friend.” Senior citizens are often…

  • trusts

    Power of Attorney – How to Sign the Document?

    Power of Attorney – How to Sign the Document? A well-crafted Estate Plan includes power of attorney documents that name an agent that can make decisions for you when you are no longer able to. For example, in a “Power of Attorney for Property”, you name an agent who can make decisions regarding your finances….

  • chicago attorney estate planning

    Power of Attorney: What Happens if You Do Not have One?

    Power of Attorney: What Happens if You Do Not have One? Power of attorney documents allow you to name an agent that can make decisions for you in the event that you are no longer able to do so. For example, in a “Power of Attorney for Property”, you name an agent who can make…

  • What are “presumptively void transfers” in Illinois?

    What are “presumptively void transfers” in Illinois? The Illinois statute entitled “Presumptively Void Transfers” protects all individuals from coercion by their caregivers. Under the statute, certain transfers to caregivers are deemed void unless the caregiver can prove by clear and convincing evidence that the transfer was not the product of coercion and undue influence by…

  • Power of Attorney Chicago

    What law protects the elderly from financial exploitation?

    What law protects the elderly from financial exploitation? Illinois statute protects elderly individuals from those who seek to financially exploit them by coercing the elderly into amending their estate plans. This is an important statute because the elderly are often preyed upon by caregivers and other individuals who see them as an easy target. This…

  • chicago restaurant legal services

    What is the difference between an asset purchase and a stock purchase of a business?

    What is the difference between an asset purchase and a stock purchase of a business? Purchasing a business is one of the most important financial transactions of your life. The purchase of a business is a very complicated transaction with many considerations to be had along the way. However, the most important question that a…

  • What is Elder Law?

    What is Elder Law? The term “Elder Law” refers to the areas of law that affect or relate to individuals who are older or are approaching the end of their lives. There is not a “magic age” in which elder law concerns should be addressed. However, our firm encourages any individual aged 50 or over…

  • Chicago Power of Attorney

    Power of Attorney for Property – What Decisions Can Your Agent Make?

    Power of Attorney for Property – What Decisions Can Your Agent Make? At Hays Firm, our Chicago-based elder law attorneys work with our clients to make plans for an unknown future. The future may entail a period of time in which our clients are incapacitated and unable to make their own financial decisions. A Power…

  • Power of Attorney Chicago

    Planning for Incapacity and Power of Attorney for Healthcare

    Planning for Incapacity and Power of Attorney for Healthcare Individuals aged 50 and over should make a plan to provide for their care in case they become incapacitated. Incapacity, in a legal sense, does not refer to a physical disability or physical impairment. Rather, when elder law attorneys discuss incapacity, they are referring to an…

  • Chicago IL Power of Attorney

    What Happens if I do not have a Power of Attorney for Property?

    What Happens if I do not have a Power of Attorney for Property? A Power of Attorney for Property is one of the most powerful Estate Planning tools available. A Power of Attorney for Property document is useful while an individual is still alive. Unlike a will, the terms of a Power of Attorney for…