What is probate?

What is probate?

In Illinois, probate is a process in the courts that may be required after a person dies. Probate may or may not be required, depending on what the individual owned and how it was held.

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Steps After Formation

Steps After Formation

The incorporation or organization of a new business often invites the question, “What’s next?” Here are some things to identify in the first couple days which, if done properly, can increase the chance of success of the business.

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Condominium Rental Caps

Condominium Rental Caps

The concept of the rental cap is to limit the number of rented units to a certain number or proportion of the association. When marketability of the units is a concern, a rental cap is a tool that ultimately can strengthen the property.

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On the move

On the move

As a Seller, you will need to choose a place to go unless you have already vacated the property. Here are some considerations.

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Living on the Edge

Living on the Edge

Thinking of doing business in the Chicago area? The potential entrant or multi-state firm should be aware of a few considerations.

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Taking title

Taking title

If you are buying real estate, or doing estate planning as a property owner, one question that is likely to come up concerns how you want to hold title to your property. Depending on the circumstances, there may be several choices.

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Evaluating condominium association disclosures

Evaluating condominium association disclosures

After signing a contract to buy a condominium, you should receive a stack of documents about the condominium association. The contract usually provides a short period of time to review them, and it is important to make sure that the condominium unit matches your own budget and lifestyle.

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About homeowner insurance

About homeowner insurance

Generally, homeowner’s insurance refers to coverage of the dwelling and the personal property. But there are further implications depending on the type of home, as well as the details of the coverage and exclusions.

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Seller-financed real estate transactions

Seller-financed real estate transactions

In some cases, a buyer and seller of commercial real estate which seek to enter into an agreement by which the seller will provide financing to the buyer. These types of transactions often differ from those in which the buyer is financing the purchase on its own or with third party funds.

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