Posted on June 30, 2025 in Estate Planning

When aging parents begin to experience health problems or financial difficulties, many adult children assume they will "handle it when the time comes." Unfortunately, that time often arrives suddenly — after a medical emergency, a diagnosis of dementia, or a fall that sends someone to the hospital. Without a plan in place, families in Yorkville, Minooka, and surrounding Illinois communities may find themselves navigating legal, medical, and financial chaos with no authority to act. 

At Gateville Law Firm, our Illinois estate planning attorney can help families create estate plans and advanced healthcare directives. If you are reading this because you have suddenly found yourself caring for a parent who can no longer care for themselves, we can help with that, too. Call us today and start getting answers to your questions. 

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 Posted on June 26, 2025 in Estate Planning

Estate planning is one of the most valuable steps to protect your assets, provide peace of mind, and secure your legacy. In today’s digital world, online services and DIY planning are more accessible and often offer a lower cost. DIY and AI-Generated documents offer a cheap starting point but result in high cost of cheap planning. Rather than taking risks with your most precious assets and your loved ones, talk to an experienced Illinois estate planning attorney who can help you build a customized plan. Here are just a few of the top reasons using DIY planning for your estate plan is a risky bet. 

Estate Planning is not a Template

Estate planning is not a "template" or "fill-in-the-blank" process. Mistakes occur through mistakes in the document execution and the failure to correctly implement the estate planning strategies results in unforeseen consequences. An undervalued aspect of an estate planning attorney is the counsel and advice. Effective estate planning is not about documents or their execution. Rather, a good estate planning lawyer will listen to your concerns and family dynamics and recommend a solution to your unique family circumstances.

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 Posted on June 23, 2025 in Real Estate Transactions

Whether you are launching a new business or expanding an existing one, the type of commercial lease you sign can have a lasting effect on your costs, responsibilities, and financial stability. In Illinois, especially in growing markets like Aurora, two of the most common types of leases are Gross Leases and Triple Net (NNN) Leases. Understanding the differences between them and how tenant improvements (TIs) are handled can help you make informed decisions before you sign. Let our Kendall County commercial real estate lawyer help. 

What Is a Triple Net (NNN) Lease?

A Triple Net Lease, or NNN lease, is structured so that the tenant pays not only base rent but also three major operating expenses: property taxes, property insurance, and common area maintenance (CAM). This arrangement allows landlords to pass through the majority of ongoing property costs directly to tenants.

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 Posted on June 14, 2025 in Estate Planning

As a firm with a trusted Oswego estate planning attorney for seniors, retirees, and their families, we often meet people who think a will is all they need to protect their assets. But for older adults, a will may not be enough, especially when it comes to planning for long-term care, avoiding probate, and making sure your family is taken care of.

A Living Trust offers more control, more privacy, and better protection than a basic will. In this article, we will explain how a Living Trust works and why it is a smart choice for seniors and families in Plainfield and Will County.

What is the Difference Between a Will and Living Trust?

A Last Will and Testament is a legal document that outlines who should receive your assets after you pass away. But a will:

• Must go through probate, which is a public and potentially expensive court process.

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 Posted on June 10, 2025 in Real Estate Legacy Planning

If you are a homeowner in Montgomery, Illinois, you may have heard the following advice: "Just add your child to the deed, and the house will not go through probate!" For many families, the goal of doing this is to avoid the delays and expenses of probate court with what seems like a simple, low-cost solution. 

However, while this strategy may appear straightforward, it can lead to unintended legal and financial consequences, making it far less cost-effective in the long run. To give your valuable assets airtight protection, talk to our Montgomery estate planning attorney. 

What is the Goal Behind Adding a Child to the Deed?

Most parents who add a child to their deed do so to avoid the probate process after death. In Illinois, probate is a court-supervised process that can take six to 18 months, delay the transfer of property, and result in additional court costs and legal fees. Understandably, many families want to avoid it. However, adding a child to your deed is not the ideal solution.

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 Posted on June 03, 2025 in Estate Planning

Nearly everyone has heard the terms "will" and "trust," but not everyone knows what these two important estate planning documents can do for them. In this blog, we will discuss the real difference between wills and trusts. For further help evaluating whether a will, a trust, or both working together would be best for you and your family, contact our Plainfield, IL estate planning attorney. 

What is a Will?

A Last Will and Testament (also just called a "will") serves two primary purposes. First, your will outlines who inherits your property when you pass away, ensuring your assets are distributed according to your wishes. Second, your will allows you to name a guardian for your minor children. A guardian is an individual or couple you trust to care for your children and manage their inheritance if you pass away. These two functions form the foundation of what a will is designed to accomplish.

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 Posted on May 22, 2025 in Estate Planning

As a physician, nurse, or other medical professional, you have worked hard to build a life that reflects your dedication and success. Between years of schooling, long hours, and a demanding profession, you have accumulated assets such as real estate, retirement accounts, and ownership in practice.

However, with success comes risk. Malpractice claims, business disputes, and other liabilities can threaten your financial future. That is why an effective estate plan, tailored to your profession and lifestyle, is not optional — it is essential. Our Plainfield, IL estate planning lawyer works closely with surgeons, chiropractors, physicians, and other healthcare professionals to protect their hard-earned estates. 

Why Medical Professionals Need Advanced Estate Planning

Medical professionals face unique legal and financial risks that make comprehensive estate planning a necessity. Medical malpractice and professional liability lawsuits can expose personal assets. Business or partnership disputes that involve ownership of a medical practice or shared real estate can threaten asset ownership decades in the making. Incapacity, whether due to illness or injury, can make it impossible to continue earning or to make a solid estate plan once disaster strikes. 

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 Posted on May 08, 2025 in Business Law

Whether you are looking to buy or sell a business, one of the most important decisions you will face is how the transaction will be structured. Business sales are typically completed using one of two legal strategies: an Asset Purchase Agreement or a Stock (or Membership Interest) Purchase Agreement.

At Gateville Law Firm, our Kendall County, Illinois business law attorney helps business owners and entrepreneurs navigate these complex legal and tax decisions to ensure a smooth, profitable transition.

What Is an Asset Purchase Agreement?

An Asset Purchase Agreement (APA) is a legal contract in which the buyer purchases specific assets of the business rather than buying the company as a whole.

Assets typically involved in a business sale include equipment and other inventory, real estate, customer lists, intellectual property, goodwill, and contracts. The buyer usually does not assume liabilities unless they are specifically included in the agreement. This gives buyers more control over what they are acquiring.

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 Posted on April 27, 2025 in Real Estate

The decision to put your current home up for sale while buying a new home is a major financial consideration. Whether you are upgrading, downsizing, or relocating, this process is an emotional time and one of transition. Hiring the appropriate legal team can help minimize the sense of overwhelm and provide a solid strategy with sound legal guidance.

Here are practical tips from our Kendall County, IL residential real estate attorneys to assist you in planning for a smooth transition.

Understand Your Goals

Before making any moves, the following questions should be considered:

• Are you relocating for work?

• Are you downsizing for retirement or due to a health crisis?

• Do you need to sell your current home before buying?

Speaking with an experienced mortgage professional is a wise decision because they have financial instruments to help ease the burden and transition.

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 Posted on April 09, 2025 in Estate Planning

A guardianship matter is a legal matter where a court appoints a person called a "guardian" to make decisions for someone who lacks the capacity to make their own decisions. In this article, we are discussing what happens when a guardian is appointed for a disabled adult. Incapacity generally means a person lacks the ability to make informed decisions about their finances, health, and daily decisions. If you are dealing with these types of issues, speak with a qualified Illinois estate planning lawyer to learn more about your options. 

What Are Incapacity Issues?

Generally, incapacity and guardianship occur due to the following:

·       Stroke or brain injury

·       Mental illness

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