What’s Involved in Estate Planning?
October 22, 2019Get to Know the Particulars of Estate Planning and What is Involved Estate planning begins when you clarify and define your goals. But what is involved in estate planning. 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… Read more »
Hit with a Tax Audit? We Can Help
October 22, 2019What to do if you get hit with a Tax Audit? No one ever wants to hear from the Internal Revenue Service. Especially unwelcome is a call 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. Audits… Read more »
Illinois Department of Revenue Announces Tax Amnesty Program
October 10, 2019Illinois Tax Amnesty Program 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… Read more »
Why an Offshore Trust Dispute Should Involve an Attorney
October 08, 2019What to Do in an Offshore Trust Dispute? Call A Lawyer A trust dispute typically involves beneficiaries and trustees. There are various types of disputes in trust cases, which means that Chicago estate planning attorneys are necessary when conflict arises. Many attorneys are familiar with domestic trust disputes where all parties are in the United… Read more »
Transitioning Wealth
September 24, 2019Transitioning Wealth – Some Thoughts to Consider Building business value and establishing family security are not separate tasks. They are parallel goals that are intimately related and must be addressed simultaneously. We are talking about using business prosperity to provide family security in a tax-efficient way. In this blog you will learn more about transitioning… Read more »
What is Philanthropic Planning? Why Do I Need a Lawyer?
September 17, 2019Philanthropic Planning – Where to start? Why Do I Need a Lawyer? Philanthropic planning goes further than an estate plan. It’s a representation of who you are and what you believe in, so take the time to think it through with specific goals to create a lasting legacy. Individuals who have vast wealth often want… Read more »
Wealth Preservation: What You Should Know
September 03, 2019Understanding Wealth Preservation Building wealth is difficult, but wealth preservation is even harder. As frivolous lawsuits continue to happen every day in America and aggressive creditors are running rampant by taking frequently illegal actions to boost their bottom line, wealth preservation can become a complicated landscape unto itself. The reality is that in today’s legal… Read more »
What You Should Know About Offshore Trusts
August 23, 2019As you make plans for your estate, you may be considering an offshore trust for your family and loved ones. An offshore trust operates just as an onshore trust where the ownership of an asset is passed from one person to another. Though they have the same basic foundation, offshore trusts differ in a number… Read more »
When to Begin an Estate Plan for You and Your Spouse
August 16, 2019Time to Begin an Estate Plan An estate plan can help protect your assets and maximize the value of your estate. You and your spouse should begin an estate plan as soon as possible to ensure your goals are achieved and concerns addressed. Chicago estate planning lawyers from Anthony J. Madonia & Associates, Ltd. can… Read more »
Should a Lawyer Look Over My Employee Contract Before I Sign?
August 09, 2019Do I Need a Lawyer to Review My Employee Contract? Are you ready to start your new job? Perhaps the only thing that stands between you and your new place of employment is the signing of an employee contract. You may have already received this contract from your prospective employer. If so, you may have… Read more »