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Kemp Dennis W
- Lawyers
- Palatine, IL
About this business
Kemp Dennis W is located at 1 E Northwest Hwy, Palatine, IL. This business specializes in All Law Firms and Real Estate Lawyers.
Location details
1 E Northwest Hwy # 101, Palatine, IL, 60067, United States
Get directions| Weekday | Schedule | Status |
|---|---|---|
| Mon | 9:00 a.m. to 6:00 p.m. | |
| Tue | 9:00 a.m. to 6:00 p.m. | |
| Wed | 9:00 a.m. to 6:00 p.m. | |
| Thu | 9:00 a.m. to 6:00 p.m. | |
| Fri | 9:00 a.m. to 6:00 p.m. | |
| Sat | Closed | |
| Sun | Closed |
If you remarry, your new wife is automatically entitled to half of your property in many states. But what about step-children? An attorney with expertise in estate planning can tell you the steps to take to include step-children as beneficiaries.
Did you know that any changes in your personal circumstances can affect your estate plan? Even stock market gains made years ago can have a bearing on the value of your current estate. Always be sure that your estate plan is current and valid by having an estate attorney review it periodically.
The laws regarding charitable donations probate taxes change virtually every year. We'll regularly review how any legal changes affect your estate, and set up a meeting if we believe there's a need to make some changes to your final arrangements.
In estate law, a private annuity is a means of transferring property by “selling” it for an unsecured promise to pay the original owner an income for life. The “sale” price is based on the fair market value at the time of the sale.
If you die without a will, or intestate, the state decides how to divide up your property. “You don’t want the default to be what the state law is – sometimes it could work out in your favor, but sometimes it can’t,” according to one estate planning lawyer.
Estate planning and elder law require a complementary approach. Elder law focuses on the individual and issues like Medicaid, nursing home placement, and end-of-life concerns, while estate planning addresses financial issues like wills, trusts, living wills, and more.
Setting up a trust can help protect your children from your creditors and potential lawsuits related to your estate. It can also protect them from losing their inheritance due to their own poor judgment and overspending.
Different states have various laws that apply to situations when there is no will involved. To avoid having the state make certain presumptions about who will inherit your property, make sure your personal wishes are recorded.
Properly planning out your estate can help avoid the court process known as probate, which can often be long and costly. Probate isn't just a concern for those with large estates, either, since probate applies to all wills, no matter what their size, and is almost always necessary when someone dies without a will.
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