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Whether or not you may withdraw the money in your retirement plan at any time depends upon the type of retirement plan. Generally, with regard to an IRA, you are allowed to withdraw any amount any time. However, if you are under 59 1/2, the 10 penalty tax will apply unless you meet one of… Read more »
An alternative to a family foundation is a donor-advised fund. Many brokerage firms and investment companies offer their own versions of donor-advised funds. These funds are established as public charities and contributions are tax deductible as charitable gifts. They can be established with a relatively small contribution (many require an initial gift of only $5000)… Read more »
Insurance policies are an important part of your overall wealth plan. They are purchased to protect against an unexpected loss which could cause your financial or estate plan to fail. While life insurance is not compulsory in developing financial and estate plans, it does offer an opportunity to fill gaps in the plan in an… Read more »
Death is not something that most people care to think about. However, if you have entered your senior years you should begin the process of estate planning. This is the only way to ensure that your assets and estate are divided and distributed according to your wishes. If you have amassed a considerable fortune and… Read more »
In business, you need to have the right strategy; that is no different when it comes to your legal resources. If you do not have a strategy in place, you could end up missing out on opportunities and putting yourself at more risk than you need to. Having corporate counsel can help you in many… Read more »
When it comes to the business world, venture capital is in a category all its own. You need to approach it with the right strategy; if not, you could have huge issues on your hands. That is why you want to have Chicago Illinois business lawyers on your side at Anthony J. Madonia & Associates…. Read more »
Property values and equity can be overwhelming for a person who is unfamiliar with how they work. These are two concepts that are important to know for estate planning. So, a property owner should understand what they mean and how they apply to them. Equity is an asset that is the value of the property… Read more »
Families don’t always agree, especially in legal situations, and they may struggle to make decisions with everyone on the same accord. In many instances, it can be difficult to include everyone’s point of view when a final say is reached about a certain situation. For this reason, a family law attorney in Chicago, Illinois is… Read more »
When one reaches the point in life to begin estate planning, it should be approached with a certain mindset. As you begin to make future plans for your assets and personal care, there are a number of factors to consider. Estate planning attorneys in Chicago at Anthony J. Madonia & Associates will walk you through… Read more »
Many employees underestimate their legal rights in the workplace. Though it’s true that employers enjoy tremendous leverage over employees in terms of career advancement, pay, and job security, state and federal law recognize that employees must enjoy certain rights. These rights arise from statutes as well as contracts. For more information on employee rights in… Read more »