Posts by Beth

At Woods & Bates, P.C., we believe estate planning is for everyone—not just those with significant wealth. It’s about making sure your wishes are honored and your loved ones are taken care of. Whether you’re looking to protect your family or secure your assets, an estate plan is key to your peace of mind. Why…

Owning property with others can be a bit tricky. Whether you’re thinking of buying property with family, friends, or even business partners, it’s important to know how the law looks at shared ownership. In Illinois, one common type of co-ownership is called “Tenancy in Common.” This is actually the default way property is divided when…

A key question many seniors face when planning their estates is whether creditors can go after the assets placed in a trust. Understanding these nuances is crucial for seniors planning their estates, especially when considering the type of trust and specific circumstances. There are ways to protect your assets effectively. At Woods & Bates, P.C.,…

Estate planning is complex, and trusts are particularly difficult to comprehend. This subject can be confusing and overwhelming, but Woods & Bates has extensive training on interpreting trusts and assisting clients to administer trusts. Trusts are essential to estate planning and allow the creator of a trust to benefit in several different ways. Here is…