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February 26, 2010
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Estate Planning News

 

 

Grounds for Annulment in Illinois

A Person lacked the capacity to consent at the time of marriage ceremony for one of the following reasons:

Mental incapacity or infirmity.
 
Influence of alcohol, drugs or other incapacitating substances.
 
Party induced to enter a marriage by force, duress or fraud involving the essentials of the marriage.

A Party lacks the physical capacity to consummate the marriage by sexual intercourse and the other party did not know of

the incapacity at the time of the marriage ceremony.


A Party was age 16 or 17 and did not have consent of parents or guardian or judicial approval.


Marriages entered into prior to the dissolution of an earlier marriage of one of the parties.

Marriages between an ancestor and a descendent or between a brother and sister, whether the relationship is by the half or the whole blood or by adoption.

Marriages between an uncle and a niece or between an aunt and a nephew.

Marriages between first cousins unless:

both parties are 50 years of age or older; or either party produces at the time of application for marriage, a certificate signed

by a licensed physician stating that the party is permanently and irrevocably sterile.

 

Contact our Plano estate planning attorney now.

 
Did You Know?    
 
 
A "Living Trust" can be used to hold legal title to and provide a mechanism to manage your property
You can select the person or persons you want -- often even yourself -- as the Trustee(s) to carry out the instructions you want in the Trust and name one or more Successor Trustees to take over if you cannot. Unlike a Will, a Trust usually becomes effective immediately, continues in force during your lifetime even in the event of your incapacity, and continues after your death. Most Trusts are "revocable" which allows the person who creates the Trust to make future changes, modifications and even to terminate it.

 


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Latest news about Financial & Estate Planning in Plano and nationwide:

Tie Minimum Wage Increase To Estate Tax?
Q. Back on the minimum wage. It seems that the poison pill in this one was that Democrats couldn't get behind a minimum wage increase that was tied...
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$9.4 Million for Senior Medicare Patrol Projects
 Assistant Secretary for Aging Josefina G. Carbonell today awarded $9.4 million to fund fifty-seven Senior Medicare Patrol (SMP) projects. The...
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FTC Chairman Outlines Agency Study on Marketing Practices of Entertainment Industry
Primary Focus of Study is Industry Self-Regulation

In remarks before th...

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Estate Planning Terms

 


Today's Terms

Fiduciary

Definition:
A person in whom one places great confidence in and upon whom one relies for his or her integrity, trust, and good faith. A fiduciary has the legal duty to act in the best interest and benefit of another and therefore is held to the very highest legal standards. A trustee is a fiduciary.

Devise

Definition:
A gift made by a will or a trust. A devise is made to a beneficiary under the terms of the will or trust.

Estate

Definition:
The total of all assets, all debts and other obligations of an individual. At the time of death the total amount of benefits (life insurance, annuity and retirement benefits) to be paid to beneficiaries are often also considered part of the estate for Federal Estate Tax purposes

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Estate Planning Resources

 


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Estate Planning Hot Topics

 
Topics Related to Estate Planning:

  • Trusts
  • Wills
  • Uniform Probate Code
  • Gift Tax

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Plano Estate-Planning Attorney

 
If you live in the following cities and need an Estate-Planning attorney you should contact our Estate-Planning Attorney as soon as possible:

  • Alvin
  • Amarillo
  • Arlington
  • Austin
  • Baytown
  • Brownsville
  • Burleson
  • Carrollton
  • College Station
  • Cypress
  • Dallas
  • Del Rio
  • Desoto
  • Eagle Pass
  • Edinburg
  • El Paso
  • Flower Mound
  • Fort Worth
  • Friendswood
  • Garland
  • Grand Prairie
  • Grapevine
  • Harlingen
  • Houston
  • Irving
  • Katy
  • Laredo
  • League City
  • Lewisville
  • Mcallen
  • Mesquite
  • Mission
  • New Braunfels
  • North Richland Hills
  • Palestine
  • Pasadena
  • Pharr
  • Plano
  • Richardson
  • Richmond
  • Round Rock
  • San Antonio
  • San Benito
  • San Marcos
  • Seguin
  • Spring
  • Sugar Land
  • Victoria
  • Weslaco
 


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