Monthly Archives: December 2017

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The Difference Between a Conservatorship and Guardianship

By |December 18th, 2017|Conservatorship, Estate Planning, Guardianship|

In case an individual is unable to make life's important decisions, the relatives or friends may request the court to appoint a conservator or a guardianship. The courts assess the severity of the person's condition and make decisions accordingly. The court generally appoints a conservator or guardian for minors, mentally handicapped, or incapacitated persons. But what do these terms actually mean? And are there any differences between the two? You will find out the answers to the questions here in this article. What is Conservatorship? A conservatorship is a legal relationship between a minor or incapacitated individual who cannot take [...]

Who is Responsible for the Deceased Persons’ Debt in Illinois?

By |December 5th, 2017|Estate Planning, Probate|

The last thing that anyone would want after they pass away is their grieving family members to be haunted by creditors to settle debt obligations. Do the close family members really inherit the debts? Or does the debt follow the deceased person to the grave? The answers to the above questions are not that simple. A number of things determine who will be responsible to settle the debt obligations of the deceased person. Here we will take a look at the circumstances regarding the settling of debts in the state of Illinois. Settling of Debt Obligations in Illinois Residents of [...]