Families inheriting real property can present thorny issues. Second marriages, ancestral residential income property, or simultaneous deaths that were not contemplated in old and cold trusts can create sleepless nights for many lawyers. Additionally, closely held businesses may be similarly fraught with estate administration challenges. Several issues may arise causing an unsuspecting family to inherit substantial potential liabilities for which the family was not initially responsible. Finally, digital currency is here; online, streaming entertainment products are booming; and the number of oenophiles has soared because of the COVID-19 pandemic. Explore and learn how to address legal challenges attorneys must resolve when confronting these assets.
Credits: 0.75 General, 0 Diversity/Inclusion PR, 0 MH/SA PR, 0 Other PR
Maximillienne Elliott, The Law Offices of Max Elliott, Ltd., Chicago