06/27/2023
Death Legal Matters To Be Considered
Losing a loved one is never easy, but it is important to consider the legal matters that arise after their passing. Here are some key factors to keep in mind:
1. Wills and Probate: If the deceased had a Will, it may need to be submitted to probate court. This process can be complicated and time-consuming, but if necessary, it ensures that the Will is followed and assets are distributed according to the deceased's wishes.
2. Estate Planning: If the deceased did not have a Will, their assets will still need to be distributed, presumably as the decedent desires. Estate planning can help ensure that your assets are distributed according to your wishes, and can also help you minimize taxes, costs and facilitate ease of administration.
3. Funeral Arrangements: Funeral arrangements need to be made as soon as possible after a loved one's passing. If the deceased has already made arrangements, it is important to follow them. If not, someone will need to be appointed to make the arrangements.
4. Trusts: Trusts can be a useful tool for protecting assets and ensuring they are distributed according to your wishes. If the deceased had a trust, it will need to be administered according to the terms of the trust agreement.
5. Taxes: It is important to consider the tax implications of a loved one's passing. Depending on the size of their estate, they may owe state and federal estate taxes.
These are just a few of the post-death legal matters that need to be considered. Dealing with the legal aspects of a loved one's passing can be overwhelming, but working with an attorney experienced in estate planning can help ensure that everything is handled properly.
Come join us on July 12, 2023 at Historic Village Hall, 2 S. Main Street, from 1:00-2:30 PM or 6:30-8:00PM for a seminar on Post Death Legal Matters. Questions and answers after the seminar. Please contact the Algonquin Recreation Department https://rec.algonquin.org/CourseActivities.aspx?id=30&cat=14 to register.
If you can’t make it-contact Anne ([email protected]) or Jack ([email protected]) or call 847-977-2500 to schedule an appointment.
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