Tag Archives: #estatesandtrusts

Our Firm Assists Clients with Comprehensive Legal Assistance with Trust and Estate Planning

🌟 **Secure Your Legacy with Confidence!** 🌟 Are you ready to safeguard your family’s future? Look no further Wator & Associates, P.C., your trusted partner in Illinois for expert estate and trusts documentation. ✨ **Why Choose Us?** 1. **Expertise You Can Trust:** Our team of experienced attorneys specializes in estate planning, ensuring that your wishes […]

Navigating the Rule Against Perpetuities in Illinois: Implications for Living Trusts

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 […]

Probate Fundamentals – Heir v. Legatee

Some confusion arises in Illinois probate court regarding the difference between an heir and a legatee.   An heir is the person who legally stands to inherit assets in the absence of direction from the decedent.   A legatee is someone the decedent has directed shall receive assets. The usual form of direction noted here […]

Basic Transfer on Death Instrument (TODI) Document Requirements

Pursuant to 755 ILCS 27/40, a TODI must include the following info:   Name(s) of grantor(s) – the people who currently own the real estate;   Name(s) of grantee(s) – the people who will be the beneficial owners once the grantor(s) dies;   Description of the property to be conveyed (address, legal description, PIN number); […]