Newland Law Centers, LLC
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Four Documents Every Estate Plan Should Have

Written by Charles Newland

Probate LawyerCreating an estate plan is not always a simple process. Often, it requires the teamwork of financial advisors, accountants and probate lawyers to create a plan that will protect their client’s assets and well-being in the event of death or serious illness. A solid estate plan should answer all the “what ifs” so that there is nothing left to doubt as to what the wishes of the client for which has been created.
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Chicago Bankruptcy Rates Continue to Fall

Written by Charles Newland

chicago bankruptcy attorneyThe data is out for new bankruptcy filings in January of 2016, and the trend of fewer filings continues. In fact, last January’s numbers were the lowest since 2008, and greatly lower than the number of filings from 2010 and 2011, when the worst of the recession was upon the Chicago area. Statistics from the Northern Illinois District of the U.S. Bankruptcy Court show that trend towards lower bankruptcy rates should be here to stay as the economic recovery continues.
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What Blended Families Need to Know About Estate Planning

Written by Charles Newland

estate planning attorneyBlended Family Structures and Conflicts

Due to rising divorce rates over the last decade, blended families are a common family structure. According to U.S. statistics, 50% of marriages end in divorce, and 43% of new marriages are second marriages for at least one spouse. Every year, one million children end up with newly divorced or divorcing parents. Estate planning for blended families creates a new set of rules for complicated family structures: Read More

Who should you choose to be your will’s executor?

Written by Charles Newland

Pen laying on top of a Will for estate planning

Pen laying on top of a Will for estate planning

Many people view naming someone as the executor of a will as an honor. However, in Illinois, executors typically face challenging fiduciary duties, including inventorying assets, paying estate debts and overseeing asset distribution. If these duties are improperly handled, the estate may lose value or the executor may incur personal liability. Consequently, as a lawyer might note, it is essential for people in Lake County to choose the right executor during estate planning. Read More

Can I keep my home if I file for Chapter 13 bankruptcy?

Written by Charles Newland

pNiceHome_shutterstock_150435080When dealing with the prospect of bankruptcy, people are forced to make crucial decisions that will have a large impact on their lives. According to the U.S. Courts, 936,795 Americans filed for bankruptcy in 2014. Approximately 310,051 of the cases filed that year were Chapter 13, which is the second most common form of bankruptcy next to Chapter 7. A bankruptcy attorney in McHenry knows that one of the main benefits of filing for Chapter 13 bankruptcy is that people are generally able to retain their homes. Read More

Will bankruptcy ruin my credit rating?

Written by Charles Newland

illustration of cartoon drowning businessman with money chain on his leg in disaster because of greed concept

For Americans who are overwhelmed with financial debt, bankruptcy offers a way for people to gain a fresh financial start. Over one million Americans filed for bankruptcy in 2013, according to the U.S. Courts. While this option may not be ideal for every person suffering with extensive debt, it can transform the lives of others. Many people avoid filing for bankruptcy because of the negative effect that it will have on their credit score, a fact known by a bankruptcy attorney in Cook County.

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We represent clients in Arlington Heights, Chicago, the Northwest Suburbs, and Lake County. Contact our office at (847)797-9300 to schedule a free consultation.

Cook County OFFICE

3601 W Algonquin RD, STE 990
Rolling Meadows, Illinois 60008

LAKE COUNTY OFFICE

728 Florsheim Dr
Libertyville, Illinois 60048

CONTACT US

Phone: (847) 797-9300
Fax: (847) 797-9301