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Recent Articles from our Legal Resources Section

  • Minors-Inheritances

    Can minors receive an inheritance?

    When a person dies, their heirs or beneficiaries may be a minor. A minor is any individual who is younger than 18. However, minors are unable to open a bank account on their own. They are unable to enter into legally binding contracts. Additionally, they are still growing, maturing, and may have not concept of…

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  • Lawsuit-Against-Executor

    Who can file a claim against an Executor?

    An executor is the person that administers a person’s estate. The executor is named in a will, and often appointed by a probate court. An estate includes all of the assets and debts that a person had at the time of their death. Assets that have a joint owner, or that name a beneficiary upon…

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  • Living-Wills-Illinois

    Living Wills – What are they and do I need one?

    At the Hays Firm, we get frequent questions about living wills. This article will define living wills, specifically in Illinois. About thirty-five (35) years ago, the Illinois state legislature recognized that medical advances could keep individuals who are suffering from a terminal condition alive longer. However, the quality of life for these individuals was not…

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  • Estate-Planning-Intra-Family-Loans

    Estate Planning: Intra-Family Loans

    At Hays Firm, many of our Estate Planning clients are seeking methods to help their children or other family members become financially stable. For instance, some parents would like to help their children purchase a home, pay off debt, or invest in a new business venture. However, a transfer of wealth may mean tax consequences…

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