Estate Planning

Serving Waukegan, Libertyville, Lake County, Gurnee & nearby areas of Illinois

Experience Matters

Here at the Law Offices of Thaddeus M. Bond, Jr. & Associates, P.C., our two attorneys have nearly 60 years combined experience practicing in Lake County, IL.  Our title insurance officer and escrow closer has over 30 years experience as well.  How does this help our clients?

Should I Have A Trust?

For many people, the answer is yes.  A living trust is a device that can help your heirs avoid probate court after you pass away and make transition of ownership of your assets relatively easy.  We will review with you all of your significant assets and will advise you if a trust makes sense for your situation.  Quite often, we recommend a living trust for people who own their own home and/or other real estate.  Once your will, trust and other estate planning documents are executed, we will assist with transferring title to your real estate and your other assets in to the trust.  When you p

Can I protect the family home from being used to pay for nursing home care?

We are frequently asked by elderly homeowners and their families whether there is anything they can do to prevent their house from being sold to pay for expensive long term care in an assisted living facility.  In general, Medicaid will not pay for such care until it can be demonstrated that the patient is insolvent.  Many people attempt to have their parents deed the house to them to try and keep the home and its value in the family.  However, Medicaid has a 5 year look back rule and can void any transfer made during that period which appears to have been completed with the intention of de

The Importance of Having an Original Will

Illinois law requires that the original will of a deceased person be filed  within 30 days of the date of death with the Clerk of the Circuit Court in the county where the decedent resided at the time of their passing.  Although legal proceedings exist to use a copy of a will in lieu of the original, failure to have the original will be costly and will negate one of the primary reasons for having a comprehensive estate plan, avoiding probate court.


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