Court documents have revealed that Hollywood actor Philip Seymour Hoffman, who died in February of 2014, did not leave his fortune to his three kids, but instead left his entire estate to his longtime girlfriend and mother of his children, Mimi O’Donnell.
A will signed by Hoffman in October 2004 named O’Donnell as the executor of his will. Court filings indicate that Hoffman felt confident that O’Donnell would use the money to care for their children appropriately. Also stipulated in the will is Hoffman’s desire that his eldest be raised in a “city of art and culture.”
Planning your estate guarantees that your children and loved ones will still have the brightest of tomorrow even after you’re gone. If you are considering ensuring their financial future by planning your estate in Chicago, our team of qualified probate lawyers at Peck Ritchey, LLC, is here to help. Call us today at (855) 328-5787.
There’s never a good time for family disputes, but after the death of a loved is certainly one of the worst times. Many families find the probate period extremely stressful, particularly when there is a disagreement over the terms of a will. Family members may be contesting the will because they feel they’ve been treated unfairly or because they honestly believe the estate isn’t being handled properly. Regardless of the reasons, a family feud can quickly escalate. If you’re handling an estate in Illinois, hiring Chicago probate attorneys to handle the estate is the best option when things get heated.
Are The Claims Real?
Chicago probate attorneys often see cases in which one child or grandchild threatens to contest a will immediately after it is read to the heirs. Often times this is simply a knee-jerk reaction based on their disappointment and the sorrow of losing someone they cared about or a feeling that the estate was distributed unfairly and they deserve more. In these situations, Chicago probate attorneys may not be needed, although a consultation with an attorney is always a good idea.
How Much Is Being Disputed?
The larger the estate, the more often Chicago probate attorneys are needed. It’s simply human nature. Greed increases in proportion to the size of the inheritance, and many families who have gotten along fine for years will suddenly turn against each other if a significant amount of money or property is at stake. Individuals are more likely to put serious effort into contesting a will if they feel that they could end up with a significant amount of cash.
Who Is Handling The Probate Process?
If you are designated as the executor of the will, you will be responsible for monitoring the division of assets. This is a difficult and sensitive situation and you may feel a bit overwhelmed. Hiring Chicago probate attorneys to walk you through the process is one way to protect yourself and see that the probate process is handled properly.
Chicago probate attorneys can advise you on proper legal procedures and make sure that all legal deadlines are met. Handling the probate process is an important responsibility, and you can be subject to legal consequences if you don’t handle the estate correctly. If there are any questions at all about the terms of the will, hiring Chicago probate attorneys will protect you as well as the estate. The cost of hiring probate attorneys is minimal compared to the peace of mind you’ll have knowing you have qualified legal representation.
Some disputes seem inconsequential at first, causing executors to delay in hiring probate attorneys. Unfortunately, even seemingly small disagreements can quickly escalate after the death of a loved one. Hiring probate attorneys before the situation becomes too difficult is the best course of action for everyone involved.
If you are administering the estate and have never handled a probate matter before, hiring probate attorneys can come as quite a relief. You won’t have to worry that you’ve missed a deadline or whether you’ve filed anything incorrectly. Of course, if you’ve already filed paperwork improperly or made other errors before you hire probate attorneys, the cost and time involved in settling the estate will increase. For this reason, it’s best to hire probate attorneys early on.
Hire Chicago Probate Attorneys If You Aren’t Confident Every Step Of The Way
It’s tempting to tell yourself that you can handle the estate, but even minor details can cause significant headaches during the probate process. You’re taking a risk every step of the way if you aren’t familiar with the legal process or there are questions about the will. Good Chicago probate attorneys will clarify each step in the process and smooth the way for you in court. If the will is contested in court, you’ll have the advantage of working with attorneys who are familiar with the estate and the court system. Chicago probate court can be intimidating; having legal counsel you’re comfortable working with is important.
The death of someone you love is always stressful. You can reduce your stress level and avoid unpleasant complications by hiring probate attorneys at the beginning of the probate process.