Can you Bequeath Major Assets without an Attorney?

Sunday, July 26th, 2009

For the first time, Illinois residents can name the person who will receive their car and be given a right to the title in case they die.  This amendment to Illinois Vehicle Code was mandated to designate a beneficiary when applications for the titles and certificate of title were made.

However, it’s difficult to quantify the number of consumers that took advantage of this designation.  Some area car dealers in Peoria didn’t even know of this change in law or whether this option needs to be included on applications for title on new vehicles purchased.

The idea to amend the code came from a resident of Missouri, where there’s a similar policy to designate the beneficiaries on car titles.  He consulted Rep. Jay Hoffman to promote this in Illinois.  Hoffman said, “It made sense.  This would be an easy and inexpensive way to transfer your property.”

However, Stuart Borden, 10^th Judicial Circuit chief judge said that it would not be prudent to name your beneficiary this way even if it’s less costly and more convenient compared to hiring an attorney.  “With less restriction and less formality, these beneficiaries may be subject to manipulation.”  Wills often involve third parties and require signatures of witnesses to oversee the interests of the person bequeathing properties while these forms require nothing more than a signature to designate or change the beneficiary.  

Tags: attorney, beneficiary, Illinois car, Illinois Vehicle Code, Jay Hoffman, judge, Missouri, Peoria, Stuart Borden, Wills
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DUI Laws Blog is open!

Wednesday, August 6th, 2008

This blog will feature DUI laws in all 50 states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia*, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming

Tags: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia*, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Posted in Uncategorized, dui attorney, dui california, dui florida, dui illinois, dui laws, dui lawyers, dui new jersey, dui oregon | No Comments »