Newland Law Centers, LLC
Services available in
Cook and Lake County

Experienced, Quality and Caring Representation.

Our Practice Areas

The Differences Between A Trust And A Will

Written by Charles Newland

trust word, estate planningWills and trusts are two common legal instruments of estate planning. A will is a legal declaration of an individual’s wishes for the distribution of their assets after they have died. A trust also provides for asset distribution upon death, but can also control assets during the client’s lifetime and can place parameters on distribution after death.One of the major differences between a will and a trust is that a will must go through the process of probate for the distribution of assets of a deceased person, whereas Read More

Little Known Facts About Revocable Living Trusts

Written by Charles Newland

"Did you know" words shown on a newsletter, living trust factsThere are a few facts about revocable living trusts that might seem a bit surprising to many individuals who are interested in this effective estate planning tool. While a living trust is often an adequate solution for avoiding lengthy probate and the expenses that are associated with this burdensome process, it may not be the right choice for everyone. Before deciding to create a living trust, it is advised that consumers learn the facts and compare their options. Read More

Designing an Estate Plan to Survive a Legal Challenge

Written by Charles Newland

quill drafting, estate planningTaking certain precautions when drafting estate-planning documents can help to avoid future legal challenges by disgruntled family members. One common will contest involves allegations that the family members were incompetent when they drafted their wills. Others may involve arguments that the testators were unduly coerced when they drafted their wills or that the wills were not properly executed. A legal challenge is far less likely to prevail if the decedent demonstrated his or her competence. Spouses may want to hire separate attorneys to prepare their wills in order to prevent future conflicts. Read More

Intra-Family Loans Are Often An Effective Estate Planing Tool

Written by Charles Newland

hand holding Loans words, estate planningIntra-family loans are an excellent way for families to share the wealth without disrupting their estate and gift tax exemptions. These types of loans, however, aren’t always easy to structure.

While individuals can put intra-family loans together themselves, the services of an experienced estate planning attorney and possibly a tax advisor should be considered to avoid possible complications or having the loan contested by the IRS. Read More

Recent Developments In Estate Planning

Written by Charles Newland

A house, estate planningEstate tax laws were overhauled by the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 (“Improvement Act”), by IRS proposed regulation § 2801, and by a series of cases which addressed estate planning issues. These recent developments, while not expansive, could significantly impact some estate and individual tax returns. Furthermore, Congress expanded the number of tax returns that could be subjected to penalties and interest for improper or late filings. Read More

Family Feud: Contesting a Will

Written by Charles Newland

Estate Planning AttorneyValuable estates can easily become war zones. The desire for land, possessions, or other assets can quickly sever family ties. Estates are typically distributed per the wishes of the deceased. But not always. There are cases when a court determines legitimate grounds exist to question a will’s validity. These contests, however, can trigger the beginning of a never-ending, bitter family feud. They are costly legal actions that take years to resolve. Three common grounds used to contest a will, include:

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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 Road, Suite 990
Rolling Meadows, Illinois 60089

LAKE COUNTY OFFICE

728 Florsheim Dr
Libertyville, Illinois 60048

CONTACT US

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