Five Errors in Estate Planning that are Executor Mistakes
April 19, 2022So You Are Named An Executor Administering a trust or an estate is an important responsibility, this is the role of an executor. In addition to keeping track of all relevant assets, income and expenses, executors must attend to the interests of the beneficiaries while often undergoing the grieving process themselves. Review the following to… Read more »
What Is a Lifetime Trust?
April 15, 2022What Is a Lifetime Trust? Schaumburg estate planning attorneys Anthony J. Madonia & Associates, Ltd. share the basics of a lifetime trust and what it does. Learn the benefits of having a lifetime trust and why you should always have a lawyer present during the creation. What Is a Lifetime Trust? A trust that is created… Read more »
Dissolving Business Partnerships
March 28, 2022Dissolving business partnerships can be emotionally taxing and overwhelming for the parties involved. Especially if the success of the business is at stake, as well as employees relying on it for livelihood. Unfortunately, there comes a time when it simply is inevitable for business partnerships to break apart. However, it’s not just a matter of… Read more »
Breach Of Business Contract Examples
March 25, 2022Breach Of Business Contract Examples Are you looking for an attorney who can help you with your business contract? Perhaps you have clients, and they are in breach of business contract? Don’t sweat it. This article tells you all you need to know about business contracts and how attorneys can help you. The good news… Read more »
What you need to know about SLATs
March 23, 2022Spousal Lifetime Access Trusts or SLATs Might Be for You Being happily married, healthy and wealthy is one of life’s great trifectas. It is hard to imagine improving on that but there’s a tax perk that can make it even sweeter. Known as a Spousal Lifetime Access Trust, or SLAT, this trust has a major… Read more »
Settlement Granted as Part of Pioneering COVID-related Insurance Case
March 21, 2022AJM&A Ltd. Gets Settlement in Covid-related Insurance Case? Is having Covid-19 bodily injury? If you catch it at work, can the workplace file an insurance claim to cover expenses? These are questions that were at the heart of this case. In February 2021, the U.S. District Court of Northern Illinois held that a commercial general… Read more »
Family Trust -An Easy Guide to Understanding Them
March 07, 2022Understanding a Family Trust A Family Trust is a good idea to ensure your legacy and benefits for your loved ones. It is a legally binding Estate Planning tool that’s set up to financially protect and benefit you and your family. The purpose is to establish a way for your family to reap direct financial… Read more »
We Welcome Gregory P. Turza for Expanded Estate Planning Resources
March 07, 2022Welcome to Greg Turza, Esq. As we continues to expand our estate planning services, AJM&A, Ltd. welcomes friend and colleague Gregory P. Turza, formerly of Legacy Laws. Turza has been a lawyer for nearly 50 years with a focus on estate planning and estate administration. Turza will bring his client base over to AJM&A as… Read more »
Misconceptions About Estate Planning -What You Thought You Knew but Really Didn’t
March 02, 2022Misconceptions about Estate Planning -What to avoid? Common estate planning misconceptions come when people know the concept but aren’t very clear on the specifics involved. These myths can result in people to believing that an estate plan is unnecessary. By debunking common estate planning myths, individuals can then embrace the need to protect their vulnerable… Read more »
Estate Planning Attorney Shares Proactive Estate Planning Strategies
February 23, 2022Estate Planning Attorney Shares Proactive Estate Planning Tips Proactive estate planning is the best financial process to protect you and your family. It is a very important component of your overall financial planning. If you don’t have an up-to-date estate plan and you happen to get hurt or sick and cannot manage your financial affairs,… Read more »