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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?    
 
 
A "Family Limited Partnership" can be used to own and manage your property
In a similar manner to a Trust, but allowing additional tax planning techniques to be employed. Family Limited Partnerships are typically used for those who have large estates and thus have a need for specialized estate planning in order to minimize federal and state estate/death/inheritance taxes as well as provide elements of asset protection.

 


  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

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

Informed Consent

Definition:
An authorization to proceed by a person who has been given and understands all of the relevant facts.

Gain

Definition:
The difference between the Tax Basis (the amount originally paid for property with certain adjustments) and the amount received for the property when it was sold.

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Estate Planning Resources

 


Search Estate Planning resources in our resource center:

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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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