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July 2017 Archives

Basic concepts in real estate valuation

When a loved one or close family member passes away and leaves behind a piece of real estate, it's not always bequeathed to one individual. Sometimes, however, one family member will want to keep it and chooses to compensate the other family members for their ownership share in the property. In order to do this, the value for the property must be known.

The easiest thing you can do to protect your estate plan

Some Illinois residents never create an estate plan, making the days and months following their death stressful and challenging for the loved ones and potential heirs they leave behind. Other, more responsible Illinois residents create detailed and well-crafted estate plans that cover every last detail -- making things as easy as possible for the loved ones they leave behind. If you're one of the responsible ones, there's something else you might want to do to ensure that your estate plan is followed to the letter after you're gone.

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