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Agents: Feel free to share this article or our quick video breakdown below (see link) with your clients to help explain the realities of Paragraph 15(c)! https://www.youtube.com/shorts/lpgGG_h4VxU If you are buying or selling real estate in Chicago or the surrounding surburbs - as many of our clients in Oak Park/ River Forest and Schaumburg are doing - you are likely using the Multi-Board Residential Real Estate Contract 8.0. It is a highly sophisticated, well-balanced contr

A land trust acts as a secure gate, keeping your private real estate assets out of the public eye. When you sit down to map out your estate plan, is privacy at the top of your priority list? You might already know that a Revocable Living Trust is an incredible tool for keeping your personal affairs private. Unlike a traditional Will, a Living Trust doesn’t have to be filed with the local court when you pass away, which keeps your inheritance decisions out of the public record

Americans are, quite literally, getting buried in debt, with nearly half expecting to pass away with outstanding debts.[1] Generally, a person’s debts do not go away when they die. Some types of debt, such as federal student loans, are typically forgiven upon the debtor’s death, but private loans and cosigned accounts may still be owed after the debtor has passed away. State laws also play a factor in the post-death debt settlement process. While nearly half of Americans th

We all want to be fair. When parents sit down to draft a Will or a Trust, the instinct is almost always the same: "I love my children equally, so I’ll name them all as Co-Executors." It feels like the ultimate gesture of impartiality. In reality, it is often the final blow to a family’s peace. By naming siblings as Co-Executors (or Co-Trustees), you aren't just giving them a job—you are forcing grieving rivals into a high-stakes business partnership where unanimous consensus