Recent Blog Posts
The Biggest Mistakes People Make With Their Wills
Errors people make—often with potentially serious consequences. Not Making a Will is Number 1, but just having a will isn’t enough. Common mistakes like leaving decisions to the last minute, failing to update documents, and mismatching beneficiary designations often lead to costly consequences for your heirs. What follows are some of the biggest mistakes… Read More »
What is Secure 2.0?
On December 29th, 2022, president Biden signed the Secure Act as part of the Consolidated Appropriations Act of 2023. New legislation impacts employee retirement plans such as 401ks, 403Bs, and IRAs, whether they are traditional or Roth accounts. This is one of the biggest pieces of retirement legislation that’s been passed in decades. It… Read More »
Pitfalls of “DIY” Estate Planning
In an age where one can find online help for just about any situation, it’s no surprise that some people have pondered the idea of trying to draft their own estate plan using an online service. However, before actually jumping in to “Do It Yourself”, there are reasons to consider the pros and cons… Read More »
What is Secure 2.0
On December 29, 2022, President Biden signed the SECURE 2.0 Act as part of the Consolidated Appropriations Act of 2023. This new legislation will greatly impact employee retirement plans 401(k), 403(b), IRA and Roth accounts. It is one of the biggest pieces of retirement legislation in decades and may help small businesses by: boosting… Read More »
Estate Planning as a Love Language
It’s hard to believe that it’s been thirty years since Dr. Gary Chapman introduced the world to the concept of “love languages” and how they can be used to strengthen your relationship, not only with your spouse, but also with your children and other special people in your life. While you might not think… Read More »
Should I put my loved ones on my property deed to avoid probate?
Transcript Hello, my name is Anthony Davis. I’m an attorney that works with Christopher Nuta. We have offices in Rolling Meadows and Elgin, and our focus is estate planning, probate, real estate, as well as commercial law. Today what I wanna talk to you about is, I would say about once a month I… Read More »
What are Wills, Trusts, & Estates?
Transcript hello my name is Anthony Davis I’m one of the attorneys that works with Christopher Nudo we’re located in Rolling Meadows and Elgin and my main focus area is estate planning but our Law Firm also does probate as well as real estate in some commercial law as well today I wanted to… Read More »
Why Hiring a Reputable Attorney Matters
The cost of setting up an estate to avoid probate may be greater than the cost of doing a simple Will, but the cost of probate is far greater than the cost of estate planning to avoid probate. The cost of not doing any planning, or planning poorly, is greater still. For these reasons,… Read More »
How Long is the Probate Process?
In reality, it generally takes longer than nine months. Every probate is unique, having unique situations, assets, creditors, and heirs. Some estates can be processed and closed in less than a year, but other estates may take as many as five (5) years or more. According to market research, however, the average time to… Read More »
The True Cost of Probate
The cost, like time, is variable based on many factors including size, complexity, and the planning for probate that went into the estate planning. Costs include professional fees (legal and accounting), court costs, other administrative costs and fees, and the cost of the executor. The cost of setting up an estate to avoid probate… Read More »
