Illinois Moves To Modernize Small Estates
Illinois may be on the verge of a significant shift in how families handle smaller estates, and the proposed changes could simplify the process for thousands across the state. On June 20, 2025, lawmakers passed Senate Bill 83, a measure now awaiting the Governor’s review. For many families and for our Chicago, IL probate lawyer,
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Planning Gaps For Families With Disabilities
Parents of children and adults with intellectual and developmental disabilities face significant challenges in preparing for their loved ones’ long-term care, and a new national study highlights how widespread the issue has become. According to researchers at the University of Illinois, fewer than half of surveyed parents have taken concrete steps to plan for the
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Understanding Trust Funding And Why It Matters
Trust funding is the process of transferring ownership of your assets from your individual name into your trust’s name. Creating a trust document is meaningless if you never actually move property into it. An unfunded trust is like an empty container that can’t accomplish any of its intended purposes, including probate avoidance, incapacity planning, or
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What Happens If You Die Without A Will In Your State
Dying without a will is more common than you might think. When this happens, you don’t get to decide who receives your property, your savings, or your personal belongings. Instead, state law makes those decisions for you through a process called intestate succession. Our friends at Cohen & Cohen, a personal injury lawyer, discuss this
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Gene Hackman Estate Shows Trust Planning Need
Gene Hackman Estate Shows Trust Planning Need The recent deaths of Hollywood icon Gene Hackman and his wife, Betsy Arakawa, within days of each other have drawn attention to the problems that can arise when estate planning documents are not fully comprehensive. For families dealing with high-value estates, this serves as a cautionary tale for
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Pope Leo XIV’s Childhood Home Sparks Interest
Pope Leo XIV’s Childhood Home Sparks Interest The childhood home of Pope Leo XIV, located just outside Chicago, has captured international attention, leaving potential buyers scrambling and the owner reevaluating next steps. The 3-bedroom, 2-bathroom brick home, built in 1959, was most recently purchased for $66,000 in May 2024 and later flipped and listed for
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Common Questions Related To Commercial Litigation Law
Common Questions Related To Commercial Litigation Law At Kravets Law Group, we work with businesses of all sizes to address a variety of commercial disputes, such as contract breaches, partnership conflicts, intellectual property matters, and business tort claims. Our team focuses on protecting our clients’ interests both inside and outside the courtroom through strategic planning
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What Happens When You Create A Trust?
What Happens When You Create A Trust? Creating a trust is an important step in planning for the future, but you’ll need a Chicago, IL revocable trust lawyer to walk you through the process. At Kravets Law Group, we have over a decade of experience. We’ve assisted our clients with wills, trusts, and estate planning,
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Who Can Contest A Will After Death
Who Can Contest A Will After Death When a loved one passes away, a will is meant to provide clarity about how their assets and property should be distributed. Unfortunately, not every will is free from disputes. All the more reason to contact a Chicago, IL wills lawyer you can trust. At Kravets Law Group,
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Essential Legal Documents for Small Businesses: A Checklist
Essential Legal Documents for Small Businesses: A Comprehensive Guide Starting and running a small business is an exciting endeavor filled with opportunities for growth and success. However, along with the potential rewards come various legal responsibilities that business owners must address to protect their interests and ensure long-term stability. One of the most critical steps
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