Guardianship for Minors and Wills

Guardianship is the type of court that addresses minors and adult disabled person's concerns such as who is responsible for managing their money and who is responsible for managing their healthcare. Guardianship provision is important in a Will or Trust. This guardianship provision makes sure that the parents choose a proper guardian in case of their death. Typically, a Will or Trust combines with a power of attorney for property and healthcare. The purpose of a power of attorney for healthcare and property is in case healthcare or property decisions need to be made in case of an incapacity.

Therefore, guardianship for minors and adults is an important reason to draft a Will or Trust.

Robertson Law Group, LLC
630-364-2318 or 312-498-6080
RobertsonLawGroup@gmail.com
www.RobertsonLawGroup.com
Locations in Naperville, Chicago Ridge, and downtown Chicago

Land Trusts and Asset Protection in Naperville

Yesterday, I received a phone call because a couple used to have a land trust and sold their home and let it lapse. A land trust is a legal strategy where a company holds legal title to your home such as Chicago Title Land Trust Company. Thus, it appears on the recorder's records that your home is owned by Chicago Title Land Trust Company, Trust # 8002351742. The real owner's name is secret and is not publicly available. The real owner signs a Trust Agreement with Chicago Title Land Trust Company where they designate who should be the beneficiary and contingent beneficiary upon their death. Hence, a land trust is good for simple estate planning purposes as well.

The key advantages to a land trust is privacy and liens and judgments do not attach to a land trust. This is good today because many families have foreclosures and credit card debts that they cannot pay. Eventually, their credit card companies and old banks will harass them for payment and some, will sue the debtors (the customers). A judgment will be placed on their homes and on their credit. Asset protection is a legal strategy designed to protect one's investments such as their home, bank accounts, business ownership, and other assets. At Robertson Law Group, LLC, we concentrate in Estate and Asset Protection. We can be reached at 630-364-2318 or 312-498-6080.

Sean Robertson, Attorney at Law
Robertson Law Group, LLC
630-364-2318 or 312-498-6080
RobertsonLawGroup@gmail.com
www.RobertsonLawGroup.com

Living Wills, Powers of Attorney, Wills, and Revocable Living Trusts

ROBERTSON LAW GROUP, LLC:
ESTATE AND ASSET PROTECTION LAW FIRM
Attorney and Counselor of Law
312-498-6080 or 630-364-2318
Offices in Naperville and downtown Chicago, Illinois
RobertsonLawGroup@gmail.com

ESTATE AND LEGACY PLANNING

Hiring our law firm will be your first step towards successfully planning to protect your loved ones during your lifetime and beyond. Your package will include several important legal documents that will assist you in accomplishing your ideal giving situation. These documents are a revocable living trust, durable power of attorney for property, durable power of attorney for healthcare, and a pour-over will. Below is an explanation of what each document protects and how it will be utilized during your estate planning process.

Revocable Living Trust: You are a trustor (person who grants or bequests property interests), who will hold legal title to all bequeathed interests for the benefits of those you name (beneficiaries) to receive your bequest. The trustor creates his/her intent to pass his/her property interests (bequests) through this document (trust). The trustor shall name a person to manage the trust once he/she is deceased this person is called a trustee. A revocable trust is a right reserved by the trustor to change, terminate and recover any property interests that have been included in the trust document(s) without upsetting any loved ones or involving a long court process.

Durable Power of Attorney for Property: A power permitted by the trustor that authorizes an agent (whom ever the trustor names) to transact business for the trustor. This authorization would only become effective upon the trustor’s incapacitation or incompetence. The power would consist of making financial decisions, paying the trustor’s debts, and continuing to meet the trustor’s daily financial obligations.

Power of Attorney for Healthcare: A power permitted by the trustor that authorizes an agent (whom ever the trustor names) to transact healthcare decisions for the trustor. This authorization becomes effective upon the trustor’s disability, incapacitation, or incompetence. This kind of document would have made the Terri Schiavo situation more of a private matter between her and her loved ones and not the court system.

Pour-Over Will: This documents works like a normal will, but in this situation most of your assets of your estate are included in the trust; therefore this document will explain what happens to property that does not make it into the trust. For example, personal property such as clothing or a car may not make it into a trust. These simple personal items shall be distributed by this document (will).

Living Will: Living will usually covers specific directives as to the course of treatment that is to be taken by caregivers, or, in particular, in some cases forbidding treatment and sometimes also food and water, should the principal be unable to give informed consent ("individual health care instruction") due to incapacity. Works in combination with a Power of Attorney for Healthcare.


Key words: Lisle, Naperville, Aurora, Plainfield, Joliet, Romeoville, Woodridge, Willowbrook, Sugar Grove, Calvary Church, Bolingbrook, Wheaton, Elmhurst, Dupage County, Will County, Kane County, and Cook County, Sean L. Robertson, Sean Robertson, Brenda Robertson, Asset and lawsuit protection, Living Trusts, Asset Preservation