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Representing Sellers and Buyers of Homes and Other Real Estate
Wills, Trusts, Living Trusts, Powers of Attorney and Other Estate Planning
Law
Offices
of
James
B. Spina,
Ltd.
Experience Counts
Serving the Chicago Metropolitan Area since
1979 |
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INFORMATION
HOMES / REAL ESTATE
Notes for Home Sellers
Showing Your Home
Foreclosure, Payment Trouble
Notes for Home Buyers
Do I Really Need a
Lawyer?
Attorneys’ Approval
Clause
WILLS AND
TRUSTS
Do I Need a Will?
Thoughts on a Simple
Will
Health Care Power of
Attorney
Estate Planning at Your
Home
Special Trust for Pet Owners
Special Trust for Gun Owners
GENERAL
Site Map
Contact
About the Attorney
Home
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WHY DO I NEED
A WILL?
A will
ensures that your wishes are carried out after your death. Even if
you don’t think you have much to leave, a will still serves several
important functions.
HOW ABOUT
STATE LAW?
State law
determines what happens to the assets of someone who dies without a
will. It is not likely that the law sees things the way you do. For
example, under Illinois law, the property of a married person with
children, absent a valid will, does not necessarily all go to the
surviving spouse. Different circumstances can lead to results that
you might see as ridiculous. Why take that chance?
MAKE YOUR
OWN DECISIONS.
A will directs that your assets be given to the people who you think
should get them. Your judgment is based on your own specific
circumstances. Your wishes are stated in writing, so there is no
mistake or argument about what you wanted.
SELECT YOUR OWN EXECUTOR.
Your
executor makes certain that your wishes are carried out. You choose
the person you want as your executor by naming him or her in your
will. In case that person cannot do the job for some reason, you can
name as alternative executors other people on whom you can rely.
WHAT
ABOUT THE KIDS?
A
universal worry among people with children is, "Who will care for my
children if something happens to both myself and my spouse?" With a
will, you can make this decision. You can nominate the person you
trust to work for the best interests of your children; the person
you can rely on to conserve the assets you leave for your children’s
benefit. Just as with the executor, you can name other reliable
people for this job in case your first choice cannot serve.
PROBATE
IS TOO EXPENSIVE.
People
often worry about the costs of probate. In Illinois, probating a
small estate can often cost less than the available alternatives. In
any case, a will should include provisions to reduce taxes and other
costs of dealing with your affairs after you are gone.
YOUR WAY.
A
will takes the guesswork out of dealing with your assets and your
dependents. There is no need to argue about what you wanted, because
you have already made it clear. Your survivors can have the
satisfaction of knowing for certain your last wishes.
MAKE IT
EASIER.
The
passing of a loved one is always tragic. A will makes it easier on
those who survive.
708-647-1900
jbs@SpinaLaw.com
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____________________________________
ALL
INFORMATION ON THIS WEBSITE IS EDUCATIONAL IN NATURE. IT IS NOT LEGAL
ADVICE IN ANY RESPECT.
CONTACT YOUR ATTORNEY FOR ADVICE
SPECIFIC TO YOUR NEEDS.
____________________________________
All material on this website copyright © 1996 – 2008
Partial list of
communities served: Homewood, Flossmoor, Matteson, Lynwood, Olympia
Fields, Glenwood, Park Forest, Richton Park, Lansing, Sauk Village,
Beecher, Chicago Heights, South Chicago Heights, Steger, Country Club
Hills, Tinley Park, Hazel Crest, East Hazel Crest, Thornton, Crete, Monee,
Peotone, Markham, Calumet City, University Park, Wilmington, Manhattan,
Calumet Park, Dixmoor, Dolton, Harvey, Phoenix, South Holland, Ford
Heights, Robbins, Chicago, Illinois
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