Organize Your Estate Planning Legal Documents
September 20, 2022Estate Planning Legal Documents Need To Be Updated and Organized The death of a loved one is a traumatic time for surviving family members and friends. In a short period, the survivors must organize a funeral, open an estate, and find, inventory, and deal with the bills and assets of the deceased. Too often, these… Read more »
What Are the 3 Types of Business Trademarks?
September 20, 2022Business Trademarks Explained by Chicago Business Lawyers A strong trademark will help you establish the uniqueness of your brand and separate you from the competition. A trademark is a word, phrase, symbol, design, or combination of these entities. A successful business cannot thrive without one. The lack of a unique trademark can ruin your chances… Read more »
Do I Need Multiple Successor Trustees?
September 14, 2022How Many Successor Trustees Should I have? When planning a revocable living trust many people name a family member as their successor trustee. The successor trustee is the person who will take over all the administration of your trust if you become incapacitated or die. A common candidate is their spouse or oldest child. Is… Read more »
Does Your Trust Need a Facelift? You Need Periodic Estate Plan Reviews.
September 14, 2022Periodic Estate Plan Reviews are Important. How old is your trust? If there have been a few presidents since you made your trust, it might be time to put it under a microscope and tighten it up. This is not a scheme for estate planning lawyers to bill you. Everyone should periodically review their estate… Read more »
Don’t Be Fooled! How to Avoid IRS Scams
September 14, 2022Avoid IRS Scams By Understanding How They Would Actually Contact a Taxpayer With continuing phone and in-person scams taking place across the country, we want to share information about how the IRS would contact you, so you know it’s really them. Review these scenarios to avoid IRS scams. In most instances, the IRS sends a… Read more »
Snowbird Estate Planning-Where to Start?
September 14, 2022Thinking of Wintering Somewhere Warm? Don’t Forget Snowbird Estate Planning Many people planning for retirement dream of having the title “Snowbird.” This is the practice of dividing your year between two or more places you love-somewhere warm in the summer and a different one that is warm in the winter. Snowbirds can enjoy gorgeous northern… Read more »
Updates to the Illinois Secure Choice: Retirement Savings Program Calls for Compliance
September 14, 2022Illinois Updates Retirement Savings Program Chances are If you’re a small business owner in Illinois, you may have recently received a letter from the State Treasurer’s Office or heard about Illinois Secure Choice in the news. Established in 2015, the program has made some changes which have gone into effect recently. Most importantly, the program… Read more »
IRS Announces Penalty Relief
August 25, 2022Penalty Relief Now Offered By IRS for Late Filers The Internal Revenue Service announced it is providing penalty relief to most individual and business taxpayers who filed their 2019 or 2020 returns late due to the COVID pandemic, while refunding $1.2 billion in penalties to nearly 1.6 million taxpayers who filed late. They issued Notice… Read more »
Difference Between C Corp and S Corp
August 19, 2022Learn the Difference Between a C Corp and S Corp According to business law firm in Schaumburg, there are two main types of business structures: the C corp and S corp. Both have unique benefits and drawbacks. So how do you know which is right for your business? This article will discuss the differences between… Read more »
The Basics About Copyright Infringement
August 12, 2022What You Need to Know About Copyright Infringement The copyright law of the United States has a long and complicated history, dating back to colonial times. It was established as federal law with the Copyright Act of 1790. This act was updated many times, including a major revision in 1976. Over 150 years ago, Thomas… Read more »