Some of you in McHenry County may have recently received a notice that the government is going to be taking part of you property through something called “Eminent Domain.” Most likely because they are widening streets along side the property in question. Most of you probably remember, especially if you are a fan of gangster […]
Eminent Domain in McHenry County/McHenry/Woodstock Read More »
You may have seen this term on the deed to your home, but many people do not know what the term means. It is similar to ‘Joint Tenancy’ in that it is a form of shared property ownership. What makes it different from Joint Tenancy is that creditors cannot enforce a lien on the property
What is Tenancy by the Entirety? Read More »
A living trust is created during your lifetime and is revocable. You can act as trustee and have broad powers to utilize the trust as you please. If you become incapacitated the trust provides for a successor trustee to manage the assets. Upon your death the trust contains instructions for you assets the same as
A Last Will and Testament can by itself express the wishes of the deceased. A will by itself will not avoid probate if the estate has real estate or assets greater than $100,000.00. A Pour Over Will is just a type of Will you create that allows smaller assets or assets you may forgotten
Last Wills and Testament or Pour Over Wills Read More »
Why do I need a lawyer? Real estate transactions and contracts in McHenry, Lake and Kane County typically come with a lot of obligations. All obligations must by met in a timely manner. Letters, inspections, legal documents, pay offs, reports, surveys, and title have to be completed for most transactions and completed rather quickly if
Buying and Selling a Home Read More »
