Elderly people are often victims of physical, emotional, or financial abuse. This article focuses on the financial abuse or exploitation of older individuals.
Estate Law
As people age, they become more susceptible to financial exploitation by those around them. Unfortunately, these types of incidents are becoming more common and represent a growing problem.
When a loved one dies, the family and friends who are left behind are often confused about their next steps. Amidst their grief, survivors must navigate unknown territory.
In a will, an individual identifies an executor to represent his or her estate. Some of the duties of the executor are as follows.
A will contest is a lawsuit brought before the probate court in Illinois. If successful, a will contest lawsuit will invalidate the will that was attacked.
The small estate affidavit is a useful tool to transfer property after someone dies. It allows for the transfer of a decedent’s assets without the need to open a probate estate.
Advance directives are an essential part of estate planning. An advance directive is a document that spells out your wishes for the time period in which you are unable to make your own personal, financial, and health decisions
A “Durable Power of Attorney” will stay in effect even after the principal is incapacitated. The durable power of attorney ends only after the principal dies.
The probate process in Illinois is the process in which a person’s assets are distributed after they die. It may also be related to a person who has become permanently disabled and needs a guardian.
How does one know if the law will presume a transfer is fraudulent? In Illinois, the courts have determined that if certain “badges of fraud” are present, then the transfer is likely fraudulent.