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Understanding Elder Law

January 11, 2020

As thousands of baby boomers become senior citizens on a daily basis, the concepts of skilled nursing, assisted living, DNR, living will, healthcare proxy are not just ideas, but a reality many will face. Thousands will need help with some degree of care. How the future pans out depend upon one’s preparation in the present…. Read more »

Differences Between Wills, Trusts & Dying Intestate

January 04, 2020

You have an idea of how you want your estate to be divided when you pass away. Creating a will is the only way to develop and put the force of law behind this idea. A will is a legal document that states your wishes for how your property, money, and other assets are to… Read more »

Will Drafting Requirements in the State of Illinois

December 27, 2019

When preparing a will, it is important that it complies with all of the legal requirements. Failure to comply with the legal requirements could nullify the will in part or eve its entirety. To ensure that your will is valid and addresses all of the issues that could arise, you should contact the Chicago estate… Read more »

What to Expect When Selling an Inherited Home

December 20, 2019

An inherited house is a great gift from a departed loved one. If you have decided to sell it, then you should familiarize yourself with the financial and legal steps required to do so. Selling the home and keeping the proceeds may not be as straightforward as you think. Working with Chicago estate planning attorneys… Read more »

What is Estate Planning?

December 06, 2019

In the most general sense, estate planning is a process that ensures that the people and things important to you are treated in a manner you would approve of, both while you are living and after you are gone. Planning isn’t limited to financial assets, real estate, and personal possessions. It’s much broader than simply… Read more »

Asset Protection Case Do’s and Don’ts

November 19, 2019

As you make plans for your estate, there is a possibility of running into issues protecting your assets. When this happens, you have to create a plan for asset protection to avoid them being seized by creditors. When you make this protection plan, there are steps to take and things to avoid ensuring it works… Read more »

Why You Need Representation at Tax Court

November 05, 2019

Going to tax court is never anyone’s first choice. When you go, it’s natural to be afraid of what the financial consequences might be. Some people are so afraid, though, that they seek to save money anywhere they can – and this sometimes includes trying to represent themselves. The Chicago IL tax law firm of… Read more »

What’s Involved in Estate Planning?

October 22, 2019

Estate planning begins when you clarify and define your goals. Typically, your estate planning attorney and other advisors will need to gain a deep understanding of your core values and beliefs, and the dynamics of your family. Some things your advisors might ask include: What is important about planning to you? What do you hope… Read more »

Hit with a Tax Audit? We Can Help

October 22, 2019

No one ever wants to hear from the Internal Revenue Service regarding a tax audit, but the truth is audits actually occur more regularly than many taxpayers realize. Audits can assuredly generate apprehension for the person being audited, especially when a questionable return has been filed, but the best response is always to respond appropriately… Read more »

Illinois Department of Revenue Announces Tax Amnesty Program

October 10, 2019

By Elizabeth Morataya The Illinois Department of Revenue announced the implementation of the Illinois Tax Delinquency Amnesty Act beginning October 1, 2019. This amnesty program provides relief to Illinois taxpayers that have incurred eligible tax liabilities stemming from the period between July 1, 2011 and June 30, 2018. The taxpayers that pay their eligible tax… Read more »

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