Owning rental or investment property carries real risk. If a tenant is injured, a dispute brews with a contractor, or a debt tied to one building goes unpaid, your personal assets, including your home, savings, and other investments, could be exposed if the property is titled in your name. An experienced business attorney can advise…
It’s common for Illinois families to preserve the family home or other real estate assets as their legacy. But passing property to heirs can be a major pitfall for estate planning. An experienced estate planning attorney can help you avoid common mistakes that can result in your family paying higher-than-necessary taxes on their inheritances. 7…
Inheriting a house seems like a windfall, but such a generous gift comes with many obligations. The reality of inheriting property includes taxes, maintenance, security, and management issues. An experienced estate planning attorney can describe your options for inheriting real estate, whether you keep or sell it. Rather than burdening you with additional work and…
Selling your home can be a long and complicated process. And while your real estate agent may be able to help you manage your listing and set a fair asking price, they’re not the only professional you’ll want to have on your side. Many homeowners can benefit from working with an experienced Illinois real estate…
Your mortgage, like the rest of your debt, does not simply disappear when you die. If you leave your home that has an outstanding loan to a beneficiary in your will or trust, your beneficiary will inherit not only the property but also the outstanding debt. They may have the right to take over the…
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