Our Law Blog - Koch & Associates P.C. Attorneys At Law

February 10, 2023 Uncategorized

Estate Planning in Cicero, IL: How to Get Started

Are you concerned about what will happen to your assets and loved ones after you pass away? Estate planning ensures that your wishes are carried out and that your loved ones are taken care of if you pass. It allows you to make decisions about the distribution of your assets. That also includes appointing guardians for minor children and planning for end-of-life care. Creating an estate plan gives you peace of mind knowing that your loved ones will be taken...

October 10, 2022 Uncategorized

Digital Assets and Estate Planning: A Guide for the Modern Age

Have you ever considered what will happen to your digital assets after you pass away? Digital assets have become essential to our lives and can hold sentimental and financial value. Therefore, consider these assets when creating an estate plan to ensure that they are properly managed and distributed according to your wishes. Including your digital assets in your estate plan lets you have the peace of mind that your loved ones can access and manage these assets in the event...

September 30, 2022 Uncategorized

Illinois Bankruptcy Exemptions At A Glance

Declaring any type of bankruptcy is frightening and can feel like you’re losing everything. There are certain pieces of property you can keep, or exempt, from bankruptcy. These exemptions vary according to state laws, and a bankruptcy attorney can help you navigate the process. Chapter 7 vs Chapter 13 Bankruptcy Both Chapter 7 and Chapter 13 bankruptcies allow for the same exemptions, but the properties are handled differently. Chapter 7 bankruptcies involve the trustee selling nonexempt items and distributing funds...

August 10, 2022 Uncategorized

What is a Real Estate Short Sale and How Does it Work?

What Are Short Sales? Real estate short sales are accelerated home sales conducted when a home’s market value is less than what is owed on its mortgage. Generally, homeowners use a short sale transaction to sell the property when they are facing foreclosure or unaffordable mortgage payments. In these cases, the borrower must prove financial hardship and submit a short sale application to the lender. How Does a Short Sale Work in Real Estate? In order to proceed with a...

July 14, 2022 Uncategorized

How To Find The Best Cook County DUI Attorney

Any time someone is faced with hiring an attorney, feelings of dread are prone to surface. This emotion is compounded when potentially looking at DUI charges, or other serious traffic violations. These types of criminal charges can be life altering and embarrassing for you and your family. Because of the circumstances, it is highly recommended to have experienced legal representation on your side. So how do you go about finding the right DUI defense attorney? Illinois DUI Statistics for 2020...

June 24, 2022 Uncategorized

Choosing Trusts vs Wills In Illinois

Options for how and who will carry on a legacy can be both confusing and overwhelming. There are many variables to consider regarding heirs, assets, and method of distribution. Essentially both trusts and wills serve the purpose of leaving possessions to family members, friends, and charitable entities. One thing to keep in mind is that wills are meant to distribute assets and must go through probate before final distribution. Trusts are primarily for transferring financial assets and assigning power of...