Download or read book Illinois Digital Estate Plan written by Michael E. Byczek and published by Michael E. Byczek. This book was released on 2024-05-06 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is not an honorable man among its practitioners who would not give - who does not often give - the warning, “Suffer any wrong that can be done you rather than come here!” The nightmare that probate can cause for heirs, even with a Will, was memorialized in the fictional portrayal of Bleak House by Charles Dickens in 1853 (Chapter I) where the narrator of the book advises the reader to stay away from probate proceedings. If you are single without children, what happens to your pets, money, assets, and property when you die? If you pass away without a Will, a probate judge decides who should administer your estate and may leave property distribution to people who don’t have your best interests in mind. A Will is one way to speak while you are still living with your own written instructions, such as: - Name a guardian for your pets and leave money for their care - Itemize property to be given to multiple beneficiaries - Decide what happens to your condo, house, or vehicle - Leave instructions about digital assets, such as cryptocurrency or NFTs - Make funeral arrangements Some scenarios are straightforward, such as an only child leaving behind one or both parents. They inherit everything, which is even easier if still married to each other. But what happens if you have siblings, your parents are deceased, or you have very close friends who are not legal relatives? You may think that your significant other has status, especially if you are living together or even engaged. The opposite is true. Your friends and relatives can delete the most important people in your life while ransacking your property and assets for their personal gain … or revenge. It's possible that relatives you have never met or don't even like are awarded portions of your property. People you don’t even know may make decisions that you would never approve. An important strategy is a digital estate plan, like an enhanced Will. What happens to all your social media content, online photos, movies, or music? A Will allows you to expressly name a data executor and provide this person with your login credentials to access all of your accounts in accordance with your instructions. Without a Will, a probate judge may not approve, and tech companies may not allow, your friends or family to close, or otherwise access, these accounts. Also discussed is your digital afterlife where tech companies can use artificial intelligence (AI) to bring you back to life through a virtual avatar trained with your life’s worth of photos, videos, audio, and online activity (i.e. social media). This includes a brief tutorial for artificial intelligence writing your Will without an attorney using AI chatbot platforms (ChatGPT, Claude, and Gemini). Sample fill-in-the-blank documents included are: - Basic non-notarized Will that gives all property to one beneficiary - Extended non-notarized Will that itemizes specific assets to different beneficiaries - Notarized versions of both basic and extended Wills - Notarized Self-Proving Affidavit for the two witnesses to authenticate the Will - Username and Password Organizer to help family and friends access digital assets - Instructions and representative Illinois statutes that pertain to a Will The author, Michael E. Byczek, has been a licensed Illinois attorney since 2007 (Chicago, IL). He manages his own legal business (https://byczeklaw.com) and has assisted clients to prepare their estate plans and protect the rights of heirs during probate in court.
Download or read book Illinois Estate Plan written by Michael E. Byczek and published by Michael E. Byczek. This book was released on 2024-06-23 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: Power of Attorney is a legal concept that allows you to appoint another person to make property, financial, and health care decisions for you. He/she may, for example, sign documents, sell real estate, access bank accounts, and coordinate with doctors to make decisions about your medical treatment.
The legal documents to create a Power of Attorney may be collectively known as an estate plan in combination with other important documents, like a Will or Trust.
Illinois Law provides two types of Power of Attorney: (1) Property and (2) Health Care.
The Illinois law has very strict rules and sample format for each document to create a Power of Attorney. This book focuses entirely on these laws and the recommended statutory format:
- Power of Attorney for Property
- Power of Attorney for Health Care
- Detailed Instructions and Insight
- Relevant Illinois Laws
Power of Attorney for Property: The person you appoint, called your “agent”, is given broad powers to handle your financial affairs. For instance, he/she can sell your property (real estate and personal assets) without your consent.
Power of Attorney for Health Care: The person you appoint is called your "health care agent". This individual has the authority to make health care decisions for you if you are unable to make them yourself.
Also included is a brief tutorial for artificial intelligence writing your Power of Attorney without an attorney using AI chatbot platforms (ChatGPT, Claude, and Gemini).
The author, Michael E. Byczek, has been a licensed Illinois attorney since 2007 (Chicago, IL). He manages his own legal business (https://byczeklaw.com) and has also been a licensed real estate broker (https://byczekbrokerage.com) since 2003. He has been developing legal mobile apps since 2008 and launched an eBook series in 2024.
While only valid for Illinois residents, anybody can use this information to learn the legal requirements of a Power of Attorney and use the documents as a template to write your own version. You may also modify these documents to suit your preferences. You don’t need to be an attorney to write your own legal documents, just make sure the final version is accurate and valid.
Download or read book Illinois Rent Repayment Plan written by Michael E. Byczek and published by Michael E. Byczek. This book was released on 2024-05-24 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: Evictions are expensive and time consuming that can ruin a tenant’s credit without any guarantee that the landlord will recover any lost rent, or quickly find another tenant. What if there was a way to mutually avoid eviction despite missed rent payments?
The recent pandemic raised awareness of how tenants and landlords can work together to avoid eviction during periods of financial hardship. A Rent Repayment Plan is used by tenants to repay missed rent payments over the remaining term of the lease. Landlords benefit from keeping a valued tenant who, without fault of their own, faced sudden financial difficulty.
If the landlord is willing to help out a tenant experiencing financial hardship, a Rent Payment Plan is simply a legal contract that obligates the tenant to repay what they owe over time, such as monthly installments. The landlord agrees not to pursue eviction in exchange for these installment payments. In essence, the rent payments are still due, but deferred until a later time.
It’s also possible for the landlord to reduce future monthly rent, waive a portion of missed rent, return the security deposit, or use money held to cover the missed rent. The landlord and tenant could also agree to just part ways with the tenant immediately vacating the property while the landlord waives unpaid rent to avoid the extra time and expense of an eviction.
Included are the following documents for a Rent Repayment Plan in Illinois:
- Three-page rent repayment plan (non-notarized)
- One-page Notarized affidavits for the tenant and landlord to summarize the repayment agreement
- Cover letter for the tenant to send a landlord
- Cover letter for the landlord to send the tenant
- Two-page Lease Modification to reduce future monthly rent
- One-page Notarized affidavits for the tenant and landlord to summarize the lease modification
- One-page Tenant Agreement to Vacate (notarized and non-notarized versions)
These documents can be used by either tenant or landlord. Detailed instructions are also included to complete and understand these documents.
Also included is a brief tutorial for artificial intelligence writing your Rent Repayment Plan without an attorney using AI chatbot platforms (ChatGPT, Claude, and Gemini).
The author, Michael E. Byczek, has been a licensed Illinois attorney since 2007 (Chicago, IL). He manages his own legal business (https://byczeklaw.com) and has also been a licensed real estate broker (https://byczekbrokerage.com) since 2003.
While only valid for Illinois residents, anybody can use this information to learn the legal requirements of a Rent Repayment Plan and use the documents as a template to write your own version. You may also modify these documents to suit your preferences. You don’t need to be an attorney to write your own legal documents, just make sure the final version is accurate and valid.
Download or read book Real Estate Sales written by Michael E. Byczek and published by Michael E. Byczek. This book was released on 2024-06-18 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: Learn how to buy or sell real estate in Illinois without a broker or attorney. The following sample documents, that are part of a residential sales contract in Illinois, are included (all written and prepared by the author): 1. Sixteen-page sales contract 2. One-page Bill of Sale 3. One-page counteroffer form There are several state and federal mandatory disclosure forms and/or pamphlets that must be given to the buyer. These forms are discussed along with information about where to find downloadable copies from official government sources. These forms are written and prepared by the government. 1. Federal Lead-based paint disclosure form 2. Federal Lead-based paint disclosure pamphlet 3. Illinois Radon gas disclosure form 4. Illinois Radon gas disclosure pamphlet 5. Illinois property condition disclosure form These documents are explained in tutorial format to understand the components of a real estate transaction using the sales contract to explain the process. Also included is a brief summary of legal requirements before and after the contract is signed along with helpful tips about how to market the property, determine a fair asking price, and take prospective buyers on a property tour. Tips include how to disclose the presence of home security systems while on a property tour, steps to stay safe while preventing those pretending to be prospective buyers from gaining access to your property, and avoiding scams to sign a sales contract. Relevant laws are included, such as anti-discrimination and federal lead-paint disclosures. The sales contract includes provisions for an “AS IS” sale. Terms that you will read about include as-is condition, short sale, inspections, repairs, mortgage contingency, title insurance, surveys, lead-paint, radon gas, property defects, bill of sale for personal property, earnest money, utility costs, VA/FHA loans, and real estate taxes. Also included is a brief tutorial for artificial intelligence to buy or sell real estate without a broker or attorney using AI chatbot platforms (ChatGPT, Claude, and Gemini). While only valid for Illinois, anybody can use this information to learn the legal requirements of a a real estate sales transaction and use the documents as a template to write your own. You may also modify these documents to suit your preferences. You don’t need to be an attorney to write your own legal documents, just make sure the final version is accurate and valid. You don’t need to be a real estate broker to market your own property for sale or engage with prospective buyers. Neither do you need a broker to purchase real estate as a buyer. The author, Michael E. Byczek, has been a licensed Illinois real estate broker since 2003 (Chicago, IL). He manages his own real estate business (https://byczekbrokerage.com) and has also been a licensed attorney (https://byczeklaw.com) since 2007.
Download or read book Texas Estate Planning written by Dianne Reis and published by . This book was released on 2005-02 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Texas Estate Planning.
Download or read book Lawyer s Desk Book 2017 Edition IL written by Shilling and published by Wolters Kluwer. This book was released on 2016-12-15 with total page 2420 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lawyer's Desk Book is an extraordinary guide that you can't afford to be without. Used by over 150,000 attorneys and legal professionals, this must-have reference supplies you with instant, authoritative legal answers, without exorbitant research fees. Packed with current, critical information, Lawyer's Desk Book includes: Practical guidance on virtually any legal matter you might encounter: real estate transactions, trusts, divorce law, securities, mergers and acquisitions, computer law, tax planning, credit and collections, employer-employee relations, personal injury, and more - over 75 key legal areas in all! Quick answers to your legal questions, without having to search stacks of material, or wade through pages of verbiage. Key citations of crucial court cases, rulings, references, code sections, and more. More than 1500 pages of concise, practical, insightful information. No fluff, no filler. Just the facts you need to know. The Lawyer's Desk Book, 2017 Edition incorporates recent court decisions, legislation, and administrative rulings. Federal statutes and revised sentencing guides covered in this edition reflect a growing interest in preventing terrorism, punishing terror-related crimes, and promoting greater uniformity of sentencing. There is also new material on intellectual property law, on legislation stemming from corporate scandals, such as the Sarbanes- Oxley Act, and on legislation to cut individual and corporate tax rates, such as the Jobs and Growth Tax Relief Reconciliation Act. Chapters are in sections on areas including business planning and litigation, contract and property law, and law office issues.
Download or read book Loring and Rounds A Trustee s Handbook 2017 Edition IL written by Rounds and published by Wolters Kluwer. This book was released on 2016-12-19 with total page 1902 pages. Available in PDF, EPUB and Kindle. Book excerpt: Loring and Rounds: A Trustee's Handbook--well over 1,550 pages-- is regarded not only as authoritative but also as the most convenient, reliable, and complete single-volume source for trust doctrine. Get in-depth information on how to stay on top of the developments in this complex field of practice. The Handbook carries on the tradition of concise, practical, and up-to-date guidance for trustees, a tradition that began in 1898 with the First Edition. This classic trust reference distills the essence of trust law, illuminating the fundamental principles and answering the basic questions. Loring and Rounds: A Trustee's Handbook, 2017 Edition is up to date and includes eleven chapters of important information, such as chapters on: The Property Requirement The Trustee's Office Interests Remaining with the Settlor The Beneficiary The Trustee's Duties The Trustee's Liabilities Miscellaneous Topics of General Interest to the Trustee Special Types of Trusts The Income Taxation of Trusts Tax Basis/Cost of Trust Property
Download or read book Loring and Rounds A Trustee s Handbook 2019 Edition IL written by Rounds and published by Wolters Kluwer. This book was released on 2018-12-17 with total page 1830 pages. Available in PDF, EPUB and Kindle. Book excerpt: Loring and Rounds: A Trustee's Handbook--well over 1,550 pages-- is regarded not only as authoritative but also as the most convenient, reliable, and complete single-volume source for trust doctrine. Get in-depth information on how to stay on top of the developments in this complex field of practice. The Handbook carries on the tradition of concise, practical, and up-to-date guidance for trustees, a tradition that began in 1898 with the First Edition. This classic trust reference distills the essence of trust law, illuminating the fundamental principles and answering the basic questions. Loring and Rounds: A Trustee's Handbook, 2019 Edition is up to date and includes eleven chapters of important information, such as chapters on: The Property Requirement The Trustee's Office Interests Remaining with the Settlor The Beneficiary The Trustee's Duties The Trustee's Liabilities Miscellaneous Topics of General Interest to the Trustee Special Types of Trusts The Income Taxation of Trusts Tax Basis/Cost of Trust Property Note: Online subscriptions are for three-month periods. Previous Edition: Loring and Rounds: A Trustee's Handbook, 2018 Edition, ISBN 9781454883883
Download or read book Loring and Rounds A Trustee s Handbook 2020 Edition IL written by Rounds and published by Wolters Kluwer. This book was released on 2019-11-21 with total page 1864 pages. Available in PDF, EPUB and Kindle. Book excerpt: Loring and Rounds: A Trustee's Handbook--well over 1,550 pages-- is regarded not only as authoritative but also as the most convenient, reliable, and complete single-volume source for trust doctrine. Get in-depth information on how to stay on top of the developments in this complex field of practice. The Handbook carries on the tradition of concise, practical, and up-to-date guidance for trustees, a tradition that began in 1898 with the First Edition. This classic trust reference distills the essence of trust law, illuminating the fundamental principles and answering the basic questions. Loring and Rounds: A Trustee's Handbook, 2020 Edition is up to date and includes eleven chapters of important information, such as chapters on: The Property Requirement The Trustee's Office Interests Remaining with the Settlor The Beneficiary The Trustee's Duties The Trustee's Liabilities Miscellaneous Topics of General Interest to the Trustee Special Types of Trusts The Income Taxation of Trusts Tax Basis/Cost of Trust Property Previous Edition: Loring and Rounds: A Trustee's Handbook, 2019 Edition, ISBN 9781454899723
Download or read book Estate Planning For Dummies written by N. Brian Caverly and published by John Wiley & Sons. This book was released on 2003-03-07 with total page 397 pages. Available in PDF, EPUB and Kindle. Book excerpt: Planning for your family's future made easy! If you’re like most people, you want to be sure that, once you’ve passed on, no more of your property and money will be lost to the government than is absolutely necessary. You want to know that you’ll be leaving your heirs your assets and not your debts. You want to be absolutely certain that your will is ship-shape, your insurance policies are structured properly, and that every conceivable hole in your estate plan has been filled. And most of all, you’d like to do all of this without driving yourself crazy trying to make sense of the complicated jargon, jumble of paperwork, and welter of state and federal laws involved in the estate planning process. Written by two estate planning pros, this simple, easy-to-use guide takes the pain out of planning for your ultimate financial future. In plain English, the authors walk you step-by-step through everything you need to know to: Put your estate into order Minimize estate taxes Write a proper will Deal with probate Set up trusts Make sure your insurance policies are structured properly Plan for special situations, like becoming incompetent and pet care Craft a solid estate plan and keep it up-to-date Don’t leave the final disposition of your estate up to chance and the whims of bureaucrats. Estate Planning For Dummies gives you the complete lowdown on: Figuring out what you're really worth Mastering the basics of wills and probate Using will substitutes and dodging probate taxes Setting up protective trusts, charitable trusts, living trusts and more Making sense of state and federal inheritance taxes Avoiding the generation skipping transfer tax Minimizing all your estate-related taxes Estate planning for family businesses Creating a comprehensive estate plan Straightforward, reader-friendly, easy-to-use, Estate Planning For Dummies is the ultimate guide to planning your family’s future.
Download or read book The Executor s Guide written by Mary Randolph and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The White Coat Investor written by James M. Dahle and published by White Coat Investor LLC the. This book was released on 2014-01 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by a practicing emergency physician, The White Coat Investor is a high-yield manual that specifically deals with the financial issues facing medical students, residents, physicians, dentists, and similar high-income professionals. Doctors are highly-educated and extensively trained at making difficult diagnoses and performing life saving procedures. However, they receive little to no training in business, personal finance, investing, insurance, taxes, estate planning, and asset protection. This book fills in the gaps and will teach you to use your high income to escape from your student loans, provide for your family, build wealth, and stop getting ripped off by unscrupulous financial professionals. Straight talk and clear explanations allow the book to be easily digested by a novice to the subject matter yet the book also contains advanced concepts specific to physicians you won't find in other financial books. This book will teach you how to: Graduate from medical school with as little debt as possible Escape from student loans within two to five years of residency graduation Purchase the right types and amounts of insurance Decide when to buy a house and how much to spend on it Learn to invest in a sensible, low-cost and effective manner with or without the assistance of an advisor Avoid investments which are designed to be sold, not bought Select advisors who give great service and advice at a fair price Become a millionaire within five to ten years of residency graduation Use a "Backdoor Roth IRA" and "Stealth IRA" to boost your retirement funds and decrease your taxes Protect your hard-won assets from professional and personal lawsuits Avoid estate taxes, avoid probate, and ensure your children and your money go where you want when you die Minimize your tax burden, keeping more of your hard-earned money Decide between an employee job and an independent contractor job Choose between sole proprietorship, Limited Liability Company, S Corporation, and C Corporation Take a look at the first pages of the book by clicking on the Look Inside feature Praise For The White Coat Investor "Much of my financial planning practice is helping doctors to correct mistakes that reading this book would have avoided in the first place." - Allan S. Roth, MBA, CPA, CFP(R), Author of How a Second Grader Beats Wall Street "Jim Dahle has done a lot of thinking about the peculiar financial problems facing physicians, and you, lucky reader, are about to reap the bounty of both his experience and his research." - William J. Bernstein, MD, Author of The Investor's Manifesto and seven other investing books "This book should be in every career counselor's office and delivered with every medical degree." - Rick Van Ness, Author of Common Sense Investing "The White Coat Investor provides an expert consult for your finances. I now feel confident I can be a millionaire at 40 without feeling like a jerk." - Joe Jones, DO "Jim Dahle has done for physician financial illiteracy what penicillin did for neurosyphilis." - Dennis Bethel, MD "An excellent practical personal finance guide for physicians in training and in practice from a non biased source we can actually trust." - Greg E Wilde, M.D Scroll up, click the buy button, and get started today!
Download or read book Oklahoma Estate Planning Will Drafting and Estate Administration Forms book Only written by W. Thomas Coffman and published by . This book was released on 1905-06-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Life and Death Planning for Retirement Benefits written by Natalie B. Choate and published by . This book was released on 1996 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Digital Legacy written by Daniel Sieberg and published by . This book was released on 2020-12-07 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do you know what will happen to your digital "stuff" when you die?No? Rest assured, you are not alone. This increasingly important but relatively unknown subject involves what happens to all of your accounts, social media, emails, photos, and documents and how you will be remembered in your online afterlife.This book will let you take control of your online afterlife and ensure that your important digital assets are treated according to your wishes. Given that the average person spends close to seven hours per day online it's a must-read for everyone.Death: of course it's not an easy subject for any of us. Indeed, there are few subjects more difficult to discuss or imagine than death. It's like we'd rather talk about anything else than the one universal experience we all share. But it's now one that also needs to be addressed in the digital age. Digital Legacy: Take Control Of Your Online Afterlife provides both the context of how we got here but also the right guidance to move forward with your planning today. Authored by two tech executives (also former Googlers) and founders of the digital-legacy platform GoodTrust -- Daniel Sieberg and Rikard Steiber, CEO and founder of GoodTrust -- the book outlines the pitfalls, challenges and opportunities that are important for all of us to tackle.
Download or read book Basic Estate Planning in Florida written by Florida Bar. Continuing Legal Education and published by . This book was released on 1980 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cleopatra s Riches written by Martha Adams and published by Waterside Productions. This book was released on 2021-03-02 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are you ready to change the conversation about money and finances? Most people view the money conversation as negative, full of confusion, uncertainty, guilt or even shame. And these hidden negative emotions can lead to avoidance. This book is going to change everything! You're going to want to talk about money - and even more importantly, you're going to feel good about joining the conversation! Where does the change come from? It starts with focusing on helping the essential person: you. Your feelings and beliefs on money were formed through your money story that started with the riches of your origins, which is why we base our conversation in the setting of mine - Ancient Egypt. In this book, you're given the tools to constructively work though past emotions and effectively release the negativity that's holding you back from achieving the financial success that you want, in the way you want. Through a customized combination of self-development techniques with tangible financial advice, you will discover what true financial empowerment means. Taking real control of your money story is rooted in your emotional connection to the conversation. Change the feeling, change the belief, change the result.
