Sammons Thomas F

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(847) 359-9610Call Visit WebsiteVisit Website Map & DirectionsDirections502 N Plum Grove Rd Ste DPalatine, IL 60067 Write a ReviewWrite Review

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Mon - Fri:	9:00 am - 5:00 pm

Sammons Thomas F

Guardianship
At least once per month, the child of a client calls saying that his or her parent cannot handle their finances due to age or mental state and how does he or she get the authority to pay Mom or Dad’s bills. If the client has a living trust, we have the client’s doctor say in writing that the client is no longer capable of handling his or her finances. The back-up trustee named in the trust then takes over and is allowed to handle the finances. It’s simple and quick. If the client has no living trust, then a guardianship estate must be opened for the client. A doctor must examine the client and fill out a report, a court case is filed, an attorney is appointed for the parent, a trial is held and at the end of the trial the judge controls all of the client’s assets. The guardianship process can be expensive, long and embarrassing. Living trusts assure that this will not happen. The authority to run the living trust is switched to the back-up trustee without going to court.

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Sammons, Thomas F, ATTY

F Sammons Thomas Attorney

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http://www.lawsam.com

https://lawsam.com

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Attorneys, Business Law Attorneys, Corporation & Partnership Law Attorneys, Estate Planning, Probate, & Living Trusts, Family Law Attorneys, General Practice Attorneys, Legal Service Plans, Real Estate Attorneys, Trust Companies, Wills, Trusts & Estate Planning Attorneys

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Details

Phone: (847) 359-9610

Address: 502 N Plum Grove Rd Ste D, Palatine, IL 60067

Website: http://www.lawsam.com

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Sammons Thomas F

Guardianship
At least once per month, the child of a client calls saying that his or her parent cannot handle their finances due to age or mental state and how does he or she get the authority to pay Mom or Dad’s bills. If the client has a living trust, we have the client’s doctor say in writing that the client is no longer capable of handling his or her finances. The back-up trustee named in the trust then takes over and is allowed to handle the finances. It’s simple and quick. If the client has no living trust, then a guardianship estate must be opened for the client. A doctor must examine the client and fill out a report, a court case is filed, an attorney is appointed for the parent, a trial is held and at the end of the trial the judge controls all of the client’s assets. The guardianship process can be expensive, long and embarrassing. Living trusts assure that this will not happen. The authority to run the living trust is switched to the back-up trustee without going to court.

Business and Corporate Law

Business Formation

Real Estate Litigation
My office handles residential and commercial real estate matters in the city and suburbs. I’ve handled thousands of closings since 1985 and I know the ins and outs of closings, how to prevent problems, and how to make your closing as painless as possible. I also handle small business formation, like LLCs and series LLC formation for real estate investors.
Real Estate Transactions
My office handles residential and commercial real estate on a regular basis. Since 1984, we have handled thousands of closings. In some states, attorneys are not involved in real estate transactions, but in Illinois and especially the Chicago area, it is the rule, not the exception, to have an attorney representing each party.

Trusts and Estates

Estate Planning
“Before I chose Tom, I talked to a number of other estate planning attorneys. Tom’s prices were extremely reasonable which was a major part of my decision. Also based on the great information on Tom’s website and subsequent conversations with Tom I was able to get comfortable with the details around creating a trust.”
Wills
The cost of setting up a living trust is greater than a simple “I love you “ will, that is a will leaving everything to your spouse. The cost involved in establishing a living trust are: a.) attorneys fees and b.) recording fees for the real estate deed. Most married couples can have a simple will prepared for about $300.00 total. Living trusts generally cost about $8.00 to $900.00 each to prepare and fund. The cost is greater with a trust than a simple will because all assets must be transferred to the trust, in a process called “funding” the trust and IRAs and other assets must be carefully coordinated whereas with simple wills no titles are changed to any assets.
Trusts
Step 3 is very important and sometimes overlooked. Some attorneys that draft trusts do not administer them at all. This is because they either don’t know how to do it or they don’t want to do it. I handle a lot of trust administration. My philosophy is to let the back-up trustee do most of the work (thereby saving the heirs money). Most trustees do fine in administering the trust. They just need to know what to do in a logical order. The following is a partial checklist of what needs to be done...
Power of Attorney
Probate

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