Posted on March 20, 2023 in Real Estate

How Do You, as A Real Estate Investor, Coordinate Your Estate Planning With Your Real Estate Properties?

Real Estate Legacy Planning coordinates asset protection, estate planning, and real estate transaction experience to meet the needs of real estate investors. Whether you are a real estate investor or owner of vacation properties, estate planning, and asset protection, the law can provide effective legal strategies to protect your wealth. Unfortunately, most real estate attorneys need help understanding the multi-disciplinary approach required to serve real estate investors’ legal needs effectively.

Gateville Law Firm specializes in assisting real estate investors and property owners with their coordinated business structure, estate planning, and asset protection goals. Additionally, most estate planning attorneys fail to grasp real estate law in serving the legal needs of the real estate community. Real estate legacy planning is the legal strategy that meets the needs of property owners and real estate investors.

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 Posted on March 20, 2023 in Estate Planning

Sugar Grove Estate Planning Lawyer: Defining What is Estate Planning

Estate Planning is imperative to ensure your assets pass how you wish upon death. Unfortunately, estate planning gets ignored until it is too late. If a person fails to create an estate plan during one's lifetime, the decedent's family and loved ones are left to navigate Probate court, which can be difficult, time-consuming, and costly. The best way to avoid Probate court is to find an attorney specializing in estate planning. An estate planning attorney guides what estate plan is best for you.

Furthermore, an effective estate plan must adequately fund it to avoid going through Probate. Peace of Mind Asset Protection is based in Yorkville, IL, and specializes in estate planning and asset protection. The attorneys and staff will determine your estate's size and help structure a unique estate plan based on your assets. By doing so, the transition of your assets upon your death will pass smoothly and make the process easier for your loved ones.

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 Posted on March 20, 2023 in Estate Planning

Business estate planning is vital for Oswego households, particularly owners of closely held business enterprises and family businesses. Additionally, estate planning is critical for high-net-worth and high-income families in Kendall County and surrounding areas.

Asset management and business wealth planning strategies create a solid foundation in case of death or incapacity. Family business and personal asset protection are also critical to safeguard a family's assets from potential litigation threats.

This article covers essential asset management and business estate planning strategies for savvy business owners.

Estate Planning Tips for Businessmen in Oswego

A risk assessment is a step in reviewing a family or business owner’s risks and gaps in their estate planning. A risk assessment also will examine a person’s vulnerabilities that might affect a business or family’s financial viability and retirement solutions. Performing a risk assessment is the preliminary step in proactive business estate planning when advising business owners and their families. Developing a comprehensive estate plan also will set up a smooth process for a family and family-owned business in case of death or incapacity.

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 Posted on March 16, 2023 in Estate Planning

A person or entity is named the designated beneficiary to receive assets or property following a death. Designated beneficiaries can avoid the probate procedure and facilitate a seamless succession after death. As a result, asset transfers from one person or entity to another are handled smoothly and at the lowest possible cost throughout the transition phase.

A designated beneficiary is a person or organization specified to receive certain assets from financial accounts or legal documents. For financial accounts like life insurance policies, retirement accounts, bank accounts, and annuities, named beneficiaries are often anticipated. 

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 Posted on March 16, 2023 in Business Law

A Letter of Intent, an LOI, is an informal document that outlines a buyer's interest in purchasing something from the Seller, whether it be an item, real estate, or a business. A Letter of Intent does not have to be legally binding, meaning the parties can either walk away or change the terms within the LOI. While a Purchase Agreement is the more formal and binding document, a Letter of Intent will lay out the necessities of the purchase to indicate whether the parties can agree later on. Let our Will County Business Attorneys assist you with business and franchise transactions in the Joliet, Plainfield, Shorewood, Yorkville, and Oswego areas. Gateville Law Firm services the Will, Kendall, Grundy, LaSalle, DeKalb, and Kane Counties areas.

Types of Letters of Intent

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 Posted on March 15, 2023 in Real Estate

At Gateville Law Firm, Montgomery Commercial Real Estate Lawyers assist sellers and buyers in the Kendall and Kane County areas. We help real estate investors and commercial property owners with their legal strategy when they invest in multi-unit apartment complexes and other real estate investments. Real estate investing requires patience and wisdom. This article will discuss real estate advice for purchasing and selling multi-unit buildings. 

Real estate investors must surround themselves with the right team of real estate professionals, including the following:

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 Posted on March 14, 2023 in Estate Planning

Landlords are subject to significant risks in owning rental properties. For example, if a tenant falls and hurts themselves on the property, the Landlord can be sued, and all personal assets can be subject to the lawsuit. Creating a cohesive asset protection plan minimizes liability risks against landlords. Therefore, it is crucial to construct a coherent asset protection plan to ensure minimal risk to the Landlord should a case arise.

One of the best ways to limit the risk of a creditor accessing personal assets is for the Landlord to remove the rental properties from their name individually and place it into a separate entity, preferably either an LLC or a Land Trust. Doing so eliminates the Landlord as the owner of the property. It, therefore, protects their assets from a lawsuit because the tenant would have to sue the LLC or Land Trust as the property owner.

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 Posted on March 14, 2023 in Real Estate

Plano Commercial Real Estate Attorney Assisting Sellers & Buyers in the Kendall County areas, including Yorkville, Oswego, Newark, and Bristol

Real estate investing in large multi-unit buildings requires wisdom, precision, and patience. Smart real estate investors surround themselves with savvy, experienced business and legal advisors. This article will discuss real estate advice for purchasing and selling multi-unit buildings.

1. Surrounding Yourself with the Right Real Estate Professionals

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 Posted on March 14, 2023 in Divorce and Family Law

Yorkville Uncontested Divorce Attorney-Flat Fee Attorneys

Divorce is a difficult time and resolving your divorce in a cost-effective manner is a wise

decision. An uncontested divorce is a divorce, which resolves the major issues in an amicable

way. Uncontested divorce means that the spouses can negotiate and resolve their major

differences in an amicable way.

Why Hire a Non-Divorce Litigator in Yorkville and Kendall County?

Divorce lawyers are litigators who excel at arguing. Transactional lawyers are the opposite of

litigators because we promote compromise and win-win compromises. Win-win compromises

result in compromises where both parties win (and lose on some issues).

Unlike a litigator, a non-divorce attorney does not want complex cases, which do not produce

compromise. Litigators want to bill hours and run-up legal bills. Here at Gateville Law Firm, we

produce the following benefits:

 Resolve your divorce in approximately 30-days

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 Posted on March 13, 2023 in Estate Planning

Estate planning is a crucial step to take in one's adulthood. While it is an unpleasant thought, preparing your assets for your passing or incapacity is vital. Unfortunately, many people need to be more knowledgeable and informed about the best options when it comes to estate planning. Luckily, Peace of Mind Asset Protection, LLC has experienced attorneys who are thoroughly acquainted with estate planning and are ready to help you. 

Essential Documents for Estate Planning

Estate planning consists of several vital components. A few of these components include a living trust, A Pour Over Will (formed in your trust), Financial Power of Attorney, and Healthcare Powers of Attorney. These are all essential documents in the case of any estate plan. 

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