Recent Blog Posts
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 »
Key Roles You Should Consider Before Creating a Will
Studies show that only about one-third of all Americans have a will or other inheritance document in place, and one of the most frequently cited reasons for not having a will is that the respondents do not know the process. A last will and testament is a document that designates who receives your assets… Read More »
Estate Planning Terms to Know
Thinking about possible incapacity or inevitable death is never pleasant. For this reason, many people put off creating an estate plan because they believe that the time is not right yet or simply because they are afraid of death. Creating an estate plan is important because it can save your family a lot of… Read More »
Defining Myself
Do you ever sit around and wonder why you’re not as smart as the competition, or why you didn’t have the brilliant idea first? How about why you’re not the best employee, boss, mentor, husband, father? I was terrified at the idea that I could be a successful business owner. I used to be… Read More »
Basic Estate Planning Documents for LGBTQ Couples
In 2015, the Supreme Court legalized same-sex marriage in all 50 U.S. states and Washington D.C., marking a long-sought victory for the gay community. With that ruling came sweeping legal benefits previously attached only to heterosexual marriage, such as estate planning techniques. Even with this historic move in marriage equality, legacy planning for LGBTQ… Read More »
January 2022 updates to the Transfer on Death Instrument
Transcript It’s a great day. It’s a happy Friday here. And it’s a real pleasure to be with you today. My name is Christopher Nudo and I’m an attorney in Illinois serving the Chicago Metro Area. I have offices in Arlington Heights and Elgin and now Bannockburn, Illinois, and our practice really concentrates on… Read More »
Unique Issues and Tax Considerations of Estate Planning for LGBTQ Couple
Creating a comprehensive estate plan for LGBTQ couples can add unique dynamics to an already complex process. While the U.S. Supreme Court ruling in 2015 greatly improved the equality and legal recognition for marriage of same-sex couples, there are still many issues that can occur without professional assistance and proper planning. Will and Trust… Read More »
What Is a Conservatorship? Explaining the Britney Spears Documentary
Well hello it’s good to be with all of you today and I am attorney chris nudo and I am an estate planning and real estate business transaction and not-for-profit attorney I serve Arlington heights and Elgin well that’s where my two offices are located and we basically serve all of the chicago metro… Read More »
