Estate planning is a meticulous process that requires careful consideration of various legal principles, one of which is the Rule Against Perpetuities. This rule plays a crucial role in determining the validity of provisions within living trusts in the state of Illinois. In this article, we will explore the Rule Against Perpetuities in the context […]
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As an attorney who has represented numerous debtors in Chapter 13 bankruptcy cases, I have witnessed firsthand the financial transformation that can occur when individuals and families choose this path to regain control of their financial lives. In this blog, we will explore the significant advantages of filing for Chapter 13 bankruptcy, particularly in relation […]
Probate is the legal process that ensures the orderly distribution of a deceased person’s assets and settlement of their debts. In the state of Illinois, one of the key concepts within probate administration is “Independent Administration.” Independent Administration is an option available to streamline the probate process, providing flexibility and efficiency to both the estate’s […]
1. **Deductible Expenses:** Corporations can deduct various expenses related to the maintenance and operation of real estate properties, such as property taxes, mortgage interest, insurance premiums, repairs, and property management fees. These deductions can help reduce the corporation’s taxable income. 2. **Depreciation:** Real estate held by a corporation can be depreciated over time, allowing the […]
Some real estate transactions are commonplace matters, but many — especially in a city like Chicago— require complex legal analysis and skilled negotiation strategies backed by extensive knowledge and research. At the law firm of Wator & Associates, P.C., our attorneys bring detailed analysis and extensive experience to bear on all aspects of real estate […]
Looking for a skilled attorney to handle your probate litigation needs? Look no further than our law firm!Our team of experienced attorneys has years of experience representing clients in probate litigation cases. We understand the complexities of the probate process and are dedicated to helping our clients achieve the best possible outcome.Whether you are dealing […]
Bankruptcy law was designed to help people get a fresh start. Although frowned up, it actually stirs innovation as people can take more risk and innovate, knowing that if things don’t work out, Bankruptcy options are available. Bankruptcy laws were designed with the average hardworking American in mind. Call 773-407-2100 for a free consultation with […]
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Preparing for the Best of Time and the Worst of Times Includes Having a Proper Trust and Will in Place
So you just closed on the purchase of your dream home! Maybe you just bought that house because he had a baby! What now? How do our protect your family home in case of tragedy? How do you make sure you children are taken care of in case you were to pass away? Do you […]
Our personal injury lawyers are honest and dedicated to getting you the most value for your claim. We know what it takes to get you a fair and just settlement while working sensitively and efficiently. Free consultation! (773) 407-2100
Despite its name, “Letters of Office” are not really a letter. Instead, the Letters of Office are a one-page official certified document issued by a probate court after a probate estate has been opened. Letters of Office cannot be obtained without first opening a probate estate. Upon entry of an order by the Court, the […]