The Coronavirus Aid, Relief, and Economic Security Act (CARES) has now been signed into law on Friday, March 27, 2020. The CARES Act has many facets to benefit businesses and individuals. Businesses This Act created a new Small Business Administration loan that…
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…
Do you have an estate plan? As we mentioned in previous articles, estate plans are not just for the wealthy. Whether you have a family or modest or complex assets, establishing an estate plan offers significant benefits. Even if you…
If you own a business, you likely know the extensive planning required to keep operations running successfully. Just as you devote time and attention to running your business, it is equally important to create a carefully devised estate plan to…
If you have purchased or sold real estate, you have likely heard of title insurance. In Illinois, the seller usually purchases and delivers a title insurance policy to the buyer. This insurance protects the future owner and sometimes the lender…
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…
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…
Starting a business is an energizing experience for those with the entrepreneurial spirit that often involves developing a partnership with various individuals – an accountant and a commercial banker for example. Often, business owners may overlook the benefits of legal…
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…