Question: My mother’s husband is 82 years old and has dementia. Last month, he went out to a car dealership, purchased a car, and drove it away. He was missing for 3 days and ultimately was [...]
Question: My wife and I jointly own our residence as tenants by the entirety. I have two adult children and grandchildren from my first marriage and two adult children and grandchildren from my [...]
Question: I’m 65, collecting Social Security, own a condo, and own a building in which I operate a restaurant. The restaurant pays rent to an LLC of which I’m the sole owner. I have a will [...]
Question: I am the Trustee of my father’s irrevocable living trust in Illinois. He was remarried and took my advice and set up a living trust and will, so he could pass certain assets on to [...]
Question: I have family business interest in an LLC and an S-Corp which own commercial real estate and generate my income from rent. I would like to leave this interest to my 4 children (2 are [...]
Question: My mother is on a second marriage. What kind of trusts can you set up to protect her money from a previous marriage? Response: The answer depends a bit on what risks your mother is [...]