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Can a Pour-Over Will Help You Avoid Probate?
Many people who start an estate plan want to keep probate as simple as possible. At Woods & Bates, P.C., our work involves estate and trust administration, estate planning, and real estate matters that can ease these concerns for Illinois families. Let us explore how a pour-over will fits into this big picture and whether…
Read MorePour-Over Will vs. Traditional Will: What’s the Difference?
Have you ever questioned how your belongings will be handled after you pass away? Planning for the future may feel a bit overwhelming, but having the right documents can bring real calm. At Woods & Bates, P.C., we stand ready to offer practical insight so your wishes are clear and honored. In this post, we’ll…
Read MoreKey Things You Should Know About Estate Planning in Illinois
Have you ever wondered who would manage your finances or property if you become incapacitated? Estate planning isn’t just about passing assets to heirs—it ensures you have a say in important decisions. At Woods & Bates, P.C., we believe everyone deserves a plan that provides security and peace of mind. Our firm offers estate planning,…
Read MoreDo You Need a Probate Lawyer? Here’s When to Hire One
Have you recently lost a loved one and found yourself facing a host of responsibilities you never anticipated? We understand that this time can be emotionally draining, and managing the legal steps can feel overwhelming. At Woods & Bates, P.C., we focus on estate and trust administration, estate planning, and real estate matters, and we…
Read MoreWhat You Need to Know About Probate in Illinois
Losing a loved one is difficult, and handling legal matters afterward can feel overwhelming. Probate is the court-supervised process of settling a person’s estate, but it isn’t always required. Woods & Bates, P.C., helps families understand how probate works and recent legal updates that may affect them. When is Probate Required? Probate is generally required…
Read MoreEssential Trustee Duties Checklist for Effective Trust Management in Illinois
Serving as a trustee in Illinois is a significant responsibility, especially when protecting assets for Medicaid eligibility. Trustees must follow strict legal duties while ensuring the trust operates in the best interests of the beneficiaries. Missteps can lead to legal complications and financial penalties, jeopardizing long-term asset protection. At Woods & Bates, P.C., we assist…
Read MoreResiduary Clause in Illinois Explained: Importance in Modern Estate Planning
Estate planning involves more than just naming beneficiaries; it ensures that all assets, including those easily overlooked, are properly distributed. Without careful planning, items like digital accounts, unlisted property, or newly acquired assets can be left unaddressed, leading to confusion and disputes. A residuary clause safeguards against such issues by covering any remaining assets not…
Read MoreCross-State Validity of Living Trusts: What You Need to Know
Relocating to a new state or acquiring property outside Illinois raises important questions about the validity of your living trust. Seniors seeking to protect assets for Medicaid must ensure their estate plan remains effective across state lines. At Woods & Bates, P.C., we focus on helping Illinois residents safeguard their legacies through comprehensive estate and…
Read MoreTenants By The Entirety in Illinois: A Comprehensive Overview
Protecting your primary residence is a key concern for many seniors in Illinois, especially when planning for Medicaid and long-term care. Tenants by the Entirety is a form of property ownership that offers significant protections for married couples, including creditor protection and probate avoidance. At Woods & Bates, P.C., we focus on helping families safeguard…
Read MoreIs a Handwritten Will Legal in Illinois?
At Woods & Bates, P.C., we know estate planning isn’t something most people are excited to think about. It’s one of those things that often gets pushed to the bottom of the to-do list—until something happens that makes it impossible to ignore. One of the most common questions we get from folks starting to think…
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