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Estate, Guardianship and Business Law Resources

RECENT LEGAL ARTICLE

  • What is a Fraudulent Transfer in Illinois?

    What is a Fraudulent Transfer in Illinois? The term “fraudulent transfer” refers to a transfer of property which is made for the purpose of deceiving a creditor and inhibiting the creditor from collecting a debt owed. An example of a fraudulent transfer would be the following: Day 1: An individual has $200,000. Day 2: A…

  • What is the Estate Tax?

    Understanding Estate Taxes in Chicago The federal estate tax is a tax on property that passes from a deceased person’s estate to their heirs. This tax affects only the wealthiest families in America. This is because the current law (Tax Year 2017) excludes the first $5.49 million of an estate from estate tax ($10.98 million…

  • Types of Claims against an Illinois Probate Estate

    Types of Claims Against an Illinois Probate Estate A probate claim refers to a claim for money, or other property, that someone has against the estate of a deceased individual. If the individual owed money during his or her life, then that debt remains, and it is the responsibility of the decedent’s estate to pay…

  • Chicago IL Power of Attorney

    Common Asset Protection Issues

    Common Asset Protection Issues in Chicago In our asset protection practice, we often encounter clients who come to us after it is too late for us to help them. The cardinal rule of asset protection is that the planning must be put into place well before there is a claim against you or any of…

  • chicago attorney estate planning

    Identifying Elder Abuse and Financial Exploitation

    Identify Elder Abuse and Financial Exploitation Approximately one in ten individuals over the age of 60 has experienced elder abuse. As the population ages, the instances of financial abuse are on the rise. This abuse is generally perpetrated by scam artists or trusted people in their lives who simply take advantage of them. Reported instances…

  • chicago liquor license attorney

    What is the City of Chicago liquor license moratorium?

    What is the City of Chicago liquor license moratorium? Many of our clients initially contact us asking us to check if their property is subject to a moratorium. What the client really is asking is whether their property is located in a “moratorium district.” This term generally refers to certain sections of the city which…

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    How Do I Contest a Will?

    How Do I Contest a Will? Contesting a will is not usually a simple matter. There are, however, some specific legal grounds for contesting a will that can be used successfully. Ultimately, you may be best served by consulting a probate or estate attorney. We’ve consulted with top attorneys across the nation, and have found…

  • Liquor-Process

    What Type of Chicago Liquor License Do I Need?

    Choosing the Right Type of Liquor License in Chicago The most common question we get regarding liquor licenses is how much will it cost? However, before we can answer that question, it is important for you to identify what type of Chicago liquor license you need. There are six main classifications for liquor licenses in…

  • Chicago IL Power of Attorney

    Shareholders’ Right to Review Records of an Illinois Company

    Can a Shareholder Review the Records of a Chicago, or Any Illinois Company They Invested in? Many investors and small businesses are given a great deal of information at the outset of the business venture. Over time, the officers and directors of the company sometimes begin to provide less and less information to the investors…

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    How Do I Execute a Valid Power of Attorney for Healthcare?

    Securing a Valid Power of Attorney for Healthcare As we have discussed in previous blogs, the Power of Attorney for Healthcare is one of the simplest and most effective estate planning tools. With a Power of Attorney for Healthcare, you can nominate a person to act on your behalf to make decisions based on your…