Litigation involves two or more parties trying to solve a legal dispute by means of a lawsuit. Virtually any controversy can turn into litigation. If the matter is brought into the courtroom, there are procedures that need to be followed.…
Do you have an estate plan? We have mentioned in previous articles that estate plans are not just for the wealthy. There are benefits to establishing an estate plan whether you have a family or modest or complicated assets. Even…
If you own a business, you likely know the extensive planning that is involved in operations to ensure the organization is successful. Similar to the time and attention that is devoted to running a successful business, it should come as…
A new base, real estate contract began circulation at the start of 2019. It took over 100 hours of review and debate to ultimately get to an end product that changed one of the most widely used contracts in Illinois. If…
If you have purchased or sold real estate, you have likely heard about title insurance. In Illinois, the seller of real estate is customarily responsible for purchasing and delivering a title insurance policy to the buyer. This specific form of…
We have now concluded the third week of the new year. You have probably made a list of resolutions focusing on various ways to improve your outlook in 2019. As the holiday season fades away and we get back to…
The Tax Cuts and Jobs Act (TCJA) was signed into law on December 22, 2017. To ease the transition brought by the new law, the application of many individual tax changes were pushed back to take effect until 2019. One…
The concept of “funding” a Trust involves transferring assets to the ownership of the trust. These assets include real property, financial accounts and other types of property. Fully funding a Trust ensures that you and your beneficiaries receive the most…
Probate is the court process of administering an estate after the death of an individual. An estate is deemed everything a person owns, but in this context, it refers to either individually owned or trust owned property. The Probate process…
It is beyond debate that estate planning is a time and money investment that provides inestimable financial benefits for all families regardless of whether there are children or an array of financial assets. Creation of an estate plan is the…