What is a power of attorney

The four types of power of attorney

Granholm & Gynac
When creating a living trust, you’re required to appoint a power of attorney who will act in your place when you’re incapacitated. Here are four types of power of attorney that can help you make an informed decision. General – your power of attorney can perform any act, including opening financial accounts and signing financial…
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Help! Do I need a special needs trust?

Granholm & Gynac
A special needs trust is a document that allows you to hold or protect assets for your beneficiary with disabilities. Here are some reasons why you should establish a special needs trust. To choose someone to serve as a trustee, especially if your beneficiary is unable to manage finances To protect assets for your loved…
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Estate planning Granholm & Gynac Joliet, IL

Trusts when estate planning

Granholm & Gynac
You may be considering establishing a trust as part of your estate planning actions. There are key benefits to be gained from this course of action. These can include… Preventing the need for time and cost consuming probate Provisions in a trust can typically remain private; whereas a will must be filed with the Circuit…
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Estate planning and adoption: what you need to know

Granholm & Gynac
Your adopted child has the same legal rights as your biological children when it pertains to estate planning situations. However, these circumstances may differ when your child isn’t legally adopted, requiring you to make changes to your estate plan, will, and trust. To avoid issues with your property, name your adopted child as an heir…
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Wedding rings divorce Granholm & Gynac Joliet IL

Do you really need a divorce attorney?

Granholm & Gynac
You’ve decided to end your marriage, but don’t know what to do next. Here are two reasons why consulting with a divorce attorney is a wise move. Importance of Consulting a Divorce Attorney: Seeking legal advice from an experienced divorce attorney helps you understand your options and navigate the complex process of divorce effectively. Understanding…
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Divorce lawyer Joliet

Divorce after adoption

Granholm & Gynac
No couple adopts a child with plans to divorce. However, circumstances may occur where you and your partner decide to split amicably. So, what happens to your adopted child? After a divorce, both partners have parental legal rights of their kid/s. Hence, you or your partner can seek custody of the adopted child. However, the…
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