Doctrine of Probable Intent

Doctrine of Probable Intent – an interesting approach involving the judicial creation of Supplemental Needs Trusts for disabled adult daughters of an intestate decedent, ultimately disallowed by a state appeals court in New Jersey.

Emphasizing again the need for timely estate planning, the decedent retained an attorney for the purpose of creating supplement trusts for her disabled . . . → Read More: Doctrine of Probable Intent

Surrogate Decision Makers – Illinois

Surrogate Decision Makers become important in end-of life circumstances, under the Health Care Surrogate Act, when the patient lacks decisional capacity, and does not have an agent under a Power of Attorney for Health Care. 

Pursuant to 755 ILCS 40/25, surrogate decision makers, as identified by the patient’s attending physician after reasonable inquiry, are authorized to make decisions for a patient . . . → Read More: Surrogate Decision Makers – Illinois

Power of Attorney for Health Care

Power of Attorney for Health Care is another example of a very basic, and affordable, means of estate planning, which, if used correctly, will enable a person to maintain control of health care and end-of-life decisions, even if unable to communicate or direct those decisions.

In enacting the Power of Attorney for Health Act, 755 ILCS 45/4-1, . . . → Read More: Power of Attorney for Health Care

Estate Planning Guidelines

Estate Planning Guidelines are questions and issues which should be well thought-out and considered prior to meeting with your estate planning attorney.    When putting together an estate plan, you may want to have conversations with individuals whom you are considering naming as executors, trustees and, in particular, guardians of minor children.

Here are some estate planning issues for . . . → Read More: Estate Planning Guidelines

Benefits of a Revocable Trust

The Benefits of a Revocable Trust are numerous.  Also known as a “Living Trust,” a Revocable Trust is formed by a grantor during his lifetime, and becomes irrevocable upon the death of the grantor.  The typical revocable trust consists of all or more of the grantor’s property, whth the trustee keeping the property and assets invested, and . . . → Read More: Benefits of a Revocable Trust

Estate Planning – Wills

Estate Planning – Wills – basic planning for the distribution of assets after death.  Drafting and executing a Will is a major component of estate planning.   A Will is an instrument executed by a competent person, whereby property is deposed of after death.

In Illinois, a Will:

Must be in writing
Must be signed by the testator
Must be witnessed . . . → Read More: Estate Planning – Wills

Problems with Internet-based Estate Planning Services

Problems with Internet-based Estate Planning Services:  Saving money by utilizing an internet-based estate planning service, such as LegalZoom, may ultimately cost consumers more money and angst.   A class action suit, filed in California by Katherine Webster, as Executor of the estate of Anthony Ferrantino and Trustee of the Anthony J. Ferrantino Living Trust, alleges that the . . . → Read More: Problems with Internet-based Estate Planning Services

Representation of Trustees and Fiduciaries

Representation of Trustees and Fiduciaries is one of the services offered by Christine C. Karr, a Chicago Probate attorney, and includes representation of individual trustees and successor trustees, as well as corporate fiduciaries acting as trustees. 

Services offered include:

Trust administration
Accountings and reporting to beneficiaries
Trust litigation
Trust termination and distributions
Federal income tax preparation
Preparation of Trust agreements
Supplemental Needs Trusts
OBRA Trusts
Representation . . . → Read More: Representation of Trustees and Fiduciaries

Estate Planning

Estate Planning is one of the services offered by Christine C. Karr.  Affordable options are available, and are outlined in a free initial consultation.

Estate Planning is the method by which plans are put into place which will govern the distribution of assets upon death. 

Estate Planning documents may include:

Durable Power of Attorney for Property
Power of Attorney for . . . → Read More: Estate Planning