Estate administration involves handling matters when a person becomes disabled or dies. When you or a loved one becomes disabled or dies a variety of personal, legal, financial and tax matters must be addressed.
If valid documents are not in place then Illinois law requires that the matters go to the Probate Court and the judge assigned to the case will decide who will take care of personal and financial matters. That is, the judge appoints the Guardian of the Person and Guardian of the Estate. This court process involves doctors, lawyers and input from family, friends, and often a Guardian ad Litem. The process can turn into litigation if there is disagreement among your family members and friends.
We counsel our clients on the legal issues, practical considerations, and possible options involved in Guardianship. We then help our clients through the process taking into consideration the best interests of the disabled adult, emotional toll, costs, time, and frustrations.
A wide variety of legal, income tax, estate tax, financial and administrative matters may have to be addressed when someone dies. We help our client (generally the executor, administrator, or trustee) through the process, whether or not Probate is required.
If the deceased had estate planning documents we review them to determine that they are valid and enforceable under the law. Assuming they are valid, we then assist our client in interpreting the documents in light of the applicable law and facts. If there are no valid estate planning documents, we help determine who is entitled to what assets, whether Probate is required and who has the legal right to speak on behalf of the estate.
We work closely with our client to carry out the wishes of the deceased, fulfill the client’s legal and ethical responsibilities, minimize costs and problems, and make the process as efficient and stress free as possible. In addition to customary estate administration services, we can advise our clients regarding Estate tax and Income tax issues and prepare Federal and state Returns.