Posted on Tuesday, July 21st, 2015
A good estate plan ensures that your heirs are well provided for in the event of your death or incapacity. However, a better estate plan is the one that addresses not just the needs of your children, but also your needs as your situation begins to necessitate the service of a long term care facility.
The service of a nursing home can be so costly that planning for it as early as today is necessary to protect the assets you have amassed over the years. Nursing home costs have the potential to deteriorate funds you intended to pass down through the family. With nursing home planning, however, you can plan to provide for your health later in life without trading off the financial future of your family.
Nursing home planning is part of the estate planning services our team of probate attorneys at Peck Ritchey, LLC, offers. Call us at (855) 328-5787 and start planning for you and your family’s futures today.
Posted on Thursday, July 9th, 2015
A survey among 750 individuals with investible assets of at least $1 million revealed that 38% of the affluent in the country have failed to establish an estate plan, CNBC reported on June 29.
The study showed that wealthy families with estate worth between $1 million and $5 million were less likely to plan for their financial future compared to those with assets reaching $5 million or more. Democrats and independents were also less likely to seek financial advice for their estate needs.
Experts believe that the reluctance of many wealthy families to plan for their estates lies on the ever-changing federal-estate tax law, which was only made permanent in 2013. Because of the changes, many affluent families have grown weary of keeping their estate documents up-to-date.
However, planning for your estate should never be an exhausting, endless legal task. Our team of Chicago probate attorneys at Peck Ritchey, LLC, can help you draft an accurate and compliant estate plan. Call us at (855) 328-5787 and start securing the financial future of your family today.
Posted on Thursday, June 18th, 2015
The sons of Hollywood icon Audrey Hepburn are reportedly embroiled in an estate battle against each other over a storage locker filled with their mother’s mementos – from jewelry and hats, to awards and photographs, Inquisitr reported on May 27.
According to the report, the Breakfast at Tiffany’s star wrote a will that granted her two sons, Sean Ferrer and Luca Dotti, ownership over the contents of the locker. However, the two were not able to divide up the memorabilia on their own, as Heburn’s will did not specify which son would keep which items.
Sean and Luca were the late star’s only children from two different marriages.
Preparing your estate could be a very difficult and confusing endeavor without the help of a probate attorney who can help you ensure that your will is as clear and unambiguous as possible. Consult with our Chicago-based legal team at Peck Ritchey, LLC, by calling (855) 328-5787 today.
Posted on Tuesday, June 9th, 2015
Late comedian Robin Williams’ widow and his adult children have been given more time to settle their differences over Williams’ memorabilia in private, according to a report by the SF Gate on June 1.
Judge Andrew Cheng gave a new deadline of July 29, by which both parties should reach an agreement relating to the star’s disputed personal items and provide the results of an appraisal on his home in Bay Area, which would affect how much money his widow would get. To date, only 60 of the 360 disputed items have been settled. In March, the judge previously gave both parties until June 1 to divide up his mementos to avoid an ugly court battle.
Robin Williams’ widow filed a petition last December claiming that some of the comedian’s personal effects were removed from their Tiburon home a couple of days after his death.
Protecting your rights in an inheritance dispute like this requires the help and guidance of an indomitable, assertive probate attorney who can advocate for your rights and interests. Speak with our legal team at Peck Ritchey, LLC, by calling (855) 328-5787 to learn more about how we can help you during this trying time.
Posted on Friday, June 5th, 2015
The team at Peck Ritchey, LLC, is looking to fill an available position for a Legal Executive Assistant. The person who fills this role will provide a high-level of support to the firm’s Managing Partner. You can read more about the position by clicking here.
If you are interested in this position or have a referral, please call (312) 201-0900 and ask for Chelsea.
Posted on Thursday, May 21st, 2015
Bobby Brown, the father of Whitney Houston’s only heir Bobbi Kristina Brown, has reportedly filed for guardianship over his daughter, who remains unresponsive in a hospital after being found unconscious in a bathtub earlier this year, the International Business Times reported on May 8.
Although the article reports the Houston family believes Brown is seeking Bobbi’s inheritance, estate law states that her will would still be valid; her will mandates that Bobbi Kristina’s inheritance will be handed over to her grandmother, Cissy Houston, and her aunt Pat and uncle Gary Houston, in the event of her death.
The Houstons have also expressed their plan to contest Brown’s move.
A will can make sure that your family’s future is taken care of. However, issues of guardianship and conservatorship can complicate things. At Peck Ritchey, LLC, we can assist you throughout all of your probate or estate planning needs. Call our offices in Chicago at (855) 328-5787 today to learn more.
Posted on Wednesday, April 29th, 2015
An article published in The New York Post on April 26 revealed that a staggering number of Americans either don’t have a will or lack an updated one.
According to the analysis, approximately half of married couples in the U.S. have no written will, as well as 80% of people aged between 35 and 44. The report also said 41% of Americans aged 55 to 64 don’t have a will. Some experts believe many Americans see the process of creating a will as inconvenient and costly, while others do not think it is a priority when they feel healthy.
By failing to create a will, you may be risking the financial security of your children and other family members. By planning your estate early on, you can be sure that your family’s future is safeguarded in the way you intended. To seek legal help in planning your estate, speak with our team of probate attorneys at Peck Ritchey, LLC, by calling (855) 328-5787 today.
Posted on Wednesday, April 22nd, 2015
U.S. District Judge David Ezra set a court date of May 21 to hear whether the fight over Tom Benson’s estate will remain in federal court or will be shifted back to a San Antonio probate court, the Times-Picayune reported on April 14.
The order was in light of a petition filed by Renee Benson, the daughter of the multi-billionaire sports teams owner, to move the case back to Bexar county probate court. Tom Benson’s lawyers initially moved the case out of the probate court and wanted it to stay in federal court.
Earlier this year, Tom Benson announced he was changing successors to his sports empire from his daughter and her two children, to his wife of 10 years, Gayle Benson. Renee Benson responded by filing petitions declaring her father incapable of running the family’s fortune.
Being embroiled in a probate dispute like this could threaten your financial future. As such, enlisting the help of a seasoned probate attorney is necessary to ensure that your rights will be taken care of at this crucial time. If you are facing probate issues in Chicago, seek the guidance of our team at Peck Ritchey, LLC, by calling (855) 328-5787 today.
Posted on Monday, April 20th, 2015
The boutique Chicago trust and estate litigation firm led by Managing Partner Kerry R. Peck is proud to announce its new name change to Peck Ritchey, LLC, adding named partner Timothy J. Ritchey.
Peck Ritchey, LLC provides representation in areas of law including probate litigation, guardianship litigation, trust litigation, administration of estates and trusts, elder law, estate planning, asset protection, corporate law, tax law, and special needs planning.
“I look forward to the new opportunities that my partnership at the firm brings,” said Timothy Ritchey. “All of us at Peck Ritchey, LLC, are passionate in our commitment to our clients and look forward to providing the highest level of service to individuals and businesses in the community.”
Timothy Ritchey concentrates his practice in the areas of estate and guardianship administration, probate and trust litigation, estate planning, fiduciary litigation and elder law. Tim was named as one of the 40 attorneys in Illinois under 40 to watch by the Chicago Daily Law Bulletin in 2014 and has been named a Rising Star in Illinois in Estate and Trust Litigation by Super Lawyers for the last three years. He also received the Young Alumni Award in 2014 from IIT Chicago-Kent College of Law. Tim has been appointed to serve as a Special Assistant Attorney General in actions relating to Illinois health care and disability law, and is involved in many professional and charitable organizations including the Young Professionals Board for the Center of Disability and Elder Law, ISBA, CBA, and DuPage County Bar Association.
“We are excited to welcome Tim Ritchey as a name partner,” said Managing Partner Kerry R. Peck. “Peck Ritchey, LLC is dedicated to provide the highest caliber of estate, trust, and guardianship litigation services to our clients.”
Posted on Tuesday, April 7th, 2015
The court gave late comedian Robin Williams’ wife and three adult children up to two months to divide up his mementos to avoid an ugly court battle, The New York Daily News reported on March 30.
A San Francisco judge gave the two conflicting parties a timetable to continue negotiations over the late actor’s memorabilia, including a watch collection, Japanese anime figurines, and bikes, among many other treasured items. In December, Robin Williams’ widow Susan Schneider filed a claim alleging that Williams’ will was ‘ambiguous.’ Schneider argued that Williams wanted his heirs to share all the items at his Napa residence, but not the items tied to the house he shared with her in Tiburon.
If the parties fail to reach an agreement, arbitration will follow before a public court hearing.
Being involved in a will dispute can be difficult for you and for everyone involved. To learn more about how to protect your rights and welfare during this trying time, consult with a probate lawyer at Peck Ritchey, LLC, by calling our Chicago office at (855) 328-5787 today.