Common Legal Issues in Residential Real Estate Transactions in Arlington Heights, Illinois
Roger Stelk
by Roger Stelk
1w ago
Residential real estate transactions in Arlington Heights, Illinois, have many complex laws. Whether you’re buying, selling, or renting a property, it’s crucial to be aware of common legal issues that arise in real estate transactions law and how to avoid them. Contract Law in Residential Real Estate Transactions One of the most common issues that people face is with the contract, whether it’s a purchase contract or another type of real estate contract. It’s important to ensure that your contract is valid and complies with all relevant real estate transaction laws. What Is Considered a Valid C ..read more
Visit website
Legal Tips for First-Time Homebuyers
Roger Stelk
by Roger Stelk
2w ago
When buying a home for the first time in Illinois, there are certain items to consider and steps to take to ensure you’re prepared. Learn more about what to expect and how to approach the buying process, with some helpful tips for first-time homebuyers. Steps in the Illinois Homebuying Process Before you begin buying a home, there are some critical steps to take to prepare you for your next purchase. These steps in the Illinois homebuying checklist include: Knowing Your Credit Score — The first item to think about is your credit score. This will help you determine what kind of difficulty you ..read more
Visit website
Tips for Buying a House as an Unmarried Couple in Arlington Heights, IL
Roger Stelk
by Roger Stelk
3M ago
Buying a house as an unmarried couple in Arlington Heights, IL, comes with a few extra nuances. The members of an unmarried couple are typically legally separate and should take steps to protect their interests in case of a breakup or death. For example, there are several ways to own the house together. If you decide on joint tenancy, you own the property 50/50 (what they call an undivided one-half interest), and if one partner dies, the surviving partner takes over the deceased’s half. Legal Protections for Unmarried Couples Illinois does not recognize common-law marriage, but there are ways ..read more
Visit website
Financial Planning: How to Make a Divorce Easy in Arlington Heights, Illinois
Roger Stelk
by Roger Stelk
4M ago
Financial planning steps, such as opening your own bank and credit card accounts and making an inventory of all marital and non-marital property, can streamline a divorce in Arlington Heights, IL. Common considerations on how to make a divorce easy with financial planning include whether your divorce is contested or uncontested and your financial goals after the divorce. The Divorce Process in Illinois Each state has different divorce laws, and it is important to understand the regulations in Illinois. Divorce Laws and Requirements in Illinois Illinois is an equitable distribution state for ma ..read more
Visit website
Illinois Homebuying Checklist for Arlington Heights
Roger Stelk
by Roger Stelk
4M ago
A homebuying checklist can help you get your dream home in the Arlington Heights, Illinois, area. The checklist should include performing an assessment of your finances, determining your homebuying criteria, finding a real estate professional, and doing a home inspection. It can also be important to understand homeowners association rules and fees. If you need help with purchasing your property, Illinois-specific programs could be helpful, too. Illinois Homebuying Checklist: Your Step-by-Step Guide Here is a step-by-step guide to help you buy real estate in Illinois. Assess Your Financial Read ..read more
Visit website
Who Gets the House in a Divorce?
Roger Stelk
by Roger Stelk
6M ago
Who gets the house in a divorce depends on factors such as who wants it, the spouse’s capacity to pay the mortgage, the terms of the divorce, and each spouse’s investment in the house. The spouses can agree on the house issue between themselves, or a judge can make a ruling. Since Illinois is an equitable distribution state, the court’s goal is to divide property fairly, but not necessarily equally. For example, a judge in Arlington Heights, IL, may give one spouse the house but a lesser share of the savings accounts. Who Has Rights to the House in a Divorce? Before a divorce, individuals shou ..read more
Visit website
 What Are the Grounds for Termination of Parental Rights in Arlington Heights, Illinois?
Roger Stelk
by Roger Stelk
7M ago
The termination of parental rights in Arlington Heights, Illinois, can occur on grounds such as voluntary consent to adoption, voluntary surrender of parental rights, a court finding that the parent is unfit, or a court determining that the assumed or named father is not the biological or adoptive father. Another scenario may occur when a judge finds that the child’s conception occurred as a result of sexual abuse or assault. Other grounds for termination are possible, too, but the ones mentioned above are among the most common. What Are Parental Rights? Parents typically have legal rights and ..read more
Visit website
How Long Do You Have to File Probate After Death?
Roger Stelk
by Roger Stelk
8M ago
After the death of a loved one, you have up to 30 days to begin the probate process by filing the will to settle his or her final affairs. It is important that you understand the answer to the question, “How long do you have to file for probate of a will after death in Arlington Heights, Illinois?” to ensure you have the legal standing to settle your family member’s estate. At the time of his or her death, your family member may have had a will in place naming you as the executor of his or her estate. Alternatively, you may be the closet next of kin and have the ability to take on the responsi ..read more
Visit website
Living Trust Vs. Will: What’s Best for You?
Roger Stelk
by Roger Stelk
11M ago
Knowing the difference between a living trust and a will can help you draft an estate plan that fits your needs. For the best results, you’ll need an attorney who understands both wills and trusts to help set up both documents properly so they work together seamlessly to support your needs now and in the future.  A will is a legal instrument that does not transfer ownership of your assets. Rather, it simply states how you want them distributed after death. A living trust is an estate planning instrument that allows you to transfer ownership of your assets to a trustee (a person or or ..read more
Visit website
Who Has Child Custody When There’s No Court Order?
Roger Stelk
by Roger Stelk
11M ago
Who has child custody when there’s no court order in Illinois will depend on several factors, including the parents’ marital status. For example, in the case of an unmarried couple where the father has not established paternity, custody rests with the mother. In the case of a married couple divorcing, the courts encourage both parents to work out custody between themselves. The default is that married parents retain custody of children born during the marriage. How Is Child Custody Determined in Illinois? Illinois determines custody in many ways. One critical thing to understand is that the st ..read more
Visit website

Follow Roger Stelk on FeedSpot

Continue with Google
Continue with Apple
OR