Blog | Law Office of Carol J. Grier | Estate Planning Matters Attorney

3 Things to consider when purchasing a HUD home in Illinois

For many homebuyers working with an Illinois real estate lawyer, purchasing a HUD home is a good option. These homes have been acquired by the government after a foreclosure occurred on an FHA-approved mortgage. However, there are several things buyers should consider before putting in an offer one of these properties. … [Read more...]

When dividing marital property don’t forget about taxes

Divorcing couples in Illinois face many complicated issues. Making decisions regarding child custody, visitation schedules and dividing up marital property may lead some couples to forget about the tax consequences of a divorce. An Illinois divorce attorney knows that this mistake could create financial problems in the future. … [Read more...]

Estate planning: Planning for the future of your collections

A mother chose to leave her estate in her daughter’s hands. According to The Epoch Times, after the mother passed away, the daughter had to make decisions regarding an extensive antique collection that included furniture, decorative sconces and extravagant chandeliers. The daughter, who did not realize the value of the items, ended up selling her mother’s home with all the antiques. As any Illinois estate planning attorney knows, the mother may have been upset to know her valuable collection was … [Read more...]

4 expenses to consider when buying a home

Purchasing a new home in Illinois is a process that comes with a variety of different expenses. Before those interested in buying a home consult with a real estate attorney Illinois about the terms of their purchasing contract, future homeowners should carefully consider four main expenses that are associated with buying and owning a house. … [Read more...]

Child custody and first-right refusal in Illinois

A recent amendment to the Illinois Marriage and Dissolution of Marriage (IMDMA) act provides more opportunities for divorced parents without primary custody to spend time with their children. The historic move by the state’s legislature passed the “Right of First Refusal” in 2013. Added as Section 602.3 to the IMDMA and put into effect in January 2014, the ruling recognizes Illinois’ new focus on a child’s natural parents as the best caregivers, when possible. An Illinois child custody lawyer … [Read more...]