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February 06, 2012
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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?    
 
 
Estate planning is a process to consider alternatives
Good estate planning is more than just a simple Will. Estate planning also typically minimizes potential taxes and fees, and sets up contingency planning to make sure your wishes regarding health care treatment are followed. On the financial side, a good estate plan coordinates what would happen with your home, your investments, your business, your life insurance, your employee benefits (such as a 401K plan), and other property in the event you became disabled or if you die.

 


  Newsroom  
 


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

Guatemala adopts new international agrigculture agreement
March 10, 2005

"I am very pleased that Guatemala today passed the United States-Central America-Dominican Republic Free Trade Agreement, wh...

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Scientists Believe That Advances In Semiconductor Technology Law Can Continue On Pace
SAN JOSE, Calif March 14, 2005--The Semiconductor Industry Association (SIA) will hold a news conference at the National Press Club, 529 14th Stree...
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Estate Planning Terms

 


Today's Terms

Probate

Definition:
The process through which the legal title to property is transferred from a decedent to the beneficiaries. If a person dies with a will (testate), the probate court determines if the will is valid, hears any objections to the will, orders that creditors be paid and supervises the process to assure that property is distributed by the Personal Representative or Executor according to the terms of the will. If a person dies without a will (intestate) the probate court appoints an Administrator who receives all claims, pays creditors, and then distributes all property according to the laws of the state.

Transfer Tax

Definition:
The combined Federal Estate and Gift tax. A single exemption credit applies whether the property was transferred during a person's lifetime (gift tax) or is held by a person at the time of his/her death (estate tax).

Family Limited Partnership

Definition:
A legal partnership agreement between members of a family for the management and control of property for the benefit of family members. Sometimes used to minimize transfer taxes.

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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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