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Estate planning can sometimes seem overwhelming, but it doesn’t have to be. A living trust is an estate planning option that may be worth considering. It goes into effect while the person who creates it is living and it can be revoked. The person who creates the trust...
When an individual is harmed by the wrongdoing on another party, the victim may question if they are the only one. This is common when a product leads to the injury of numerous consumers or a defect has led to several injuries or deaths; however, it could also happen...
After you die, your estate will go through probate. This is the legal process of administering your estate as well as proving that your will (if you have one) is valid. This process also involves executing the instructions in your will and paying any applicable taxes....
Getting a tax bill can be frightening, especially when it’s unexpected. Sometimes a request for payment comes as a result of a minor miscalculation on your part or even an error made on behalf of the IRS. But sometimes a tax liability is so large and out of left field...
When an Illinois business owner enters into a contract, he assumes that it is valid and legal. A contract is a legal agreement between multiple parties. It usually details specific terms between the parties and ensure that everyone is in agreement. Contracts help...
Buying a home, whether it is your starter home or your “forever” home is an exciting process. There are many steps in the home buying process in Illinois. One major part of purchasing a home is a title search. Title searches are essential, as a defective title may...
For Illinois residents, taxes can be confusing. In recent years, there have been drastic changes to the federal tax law. Depending on the political climate and philosophies of those controlling the levers of power, it is common for there to be different templates as...
From ensuring a seamless transfer of assets to establishing clear directives about your preferences for medical care, a solid estate plan is essential. Unfortunately, the American Bar Association reports that only 64% of Americans have one. Periodically revisiting...
Tax laws – federal, state or even local – can oftentimes be quite complex. If Illinois residents are depending on the appropriate tax entity, such as the Internal Revenue Service, to guide them through the steps of making sure they are paying the right taxes, and in...
When Illinois residents are setting up their businesses or about to enter into a commercial transaction with a businessperson, they are most likely going to be disclosing confidential information to the other party. In such situations, creators and businesspersons...
