Posts by Beth

Losing a spouse is incredibly difficult, and the legal matters that follow can feel confusing and overwhelming.  In Illinois, you’re protected by laws ensuring you inherit at least one-third to one-half of your spouse’s estate, even if a will disinherits you.  Additionally, you’re entitled to a spousal award for living expenses, starting at $20,000, plus…

As a business owner in Illinois, your hard work is the foundation of your success. But have you thought about what will happen to your business in the future? Trust planning empowers you to protect your assets, minimize taxes, and ensure your legacy continues for generations. With the right approach, you can avoid common pitfalls…

When setting up a trust, a common question is whether property held within it can be sold. For seniors planning to protect assets for Medicaid eligibility or ensure financial security for loved ones, this question is especially important.  In Illinois, property in a trust can generally be sold, but the process depends on the type…

Dealing with the loss of a loved one is never easy, and working through the details of their estate can be confusing, but what should you do if you think your loved one’s will is not valid? At Woods & Bates, P.C., we provide compassionate guidance during these difficult times. A will is intended to…

When it comes to estate planning, understanding the difference between testate and intestate status can make a significant impact on how your assets are handled after your passing.  If you live in Illinois, knowing these terms is not only helpful but essential for protecting your family and ensuring your wishes are carried out.  Let’s explore…

At Woods & Bates, P.C., we understand the importance of planning for the future, especially for seniors and their families.  If you’re protecting assets for Medicaid or planning your estate, knowing how probate works in Illinois is essential. Probate is the legal process of distributing a person’s assets after they pass away. It ensures beneficiaries…

Common-law marriage can be a confusing topic. It refers to a relationship in which a couple is considered married without a formal ceremony or license. While some states still allow this, recognition varies across the U.S.  If you or a loved one are cohabiting in Illinois, understanding how the state handles these relationships is essential,…

Trust administration is an effective way to manage and transfer your assets while reducing the burden on your family. By addressing these responsibilities, you ensure your wishes are followed, and your loved ones are cared for. Woods & Bates, P.C. provides the support you need to manage trust administration with confidence. By offering clear guidance,…

Planning for the future is one of the most thoughtful and responsible steps you can take to protect your assets and provide peace of mind for yourself and your loved ones.  In Illinois, creating a living trust offers a practical way to ensure your assets are managed and distributed according to your wishes while shielding…

When a loved one passes, managing the ownership of jointly held property can feel overwhelming. Jointly owned property often avoids probate, but the specific outcomes depend on the ownership structure and other legal factors. At Woods & Bates, P.C., we’re here to guide Illinois families through these challenges, ensuring clarity and peace of mind. Joint…