Interfamily Disputes and Why You Need an Attorney
September 16, 2018Families 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 »
Probate Tips to Remember
September 04, 2018Probate Tips You Should Know 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. Probate tips are an important part of the process. Estate… Read more »
Employee Rights: What You Need to Know
August 30, 2018Many 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 »
Gifting Property? What Taxes to Expect
August 17, 2018Gifting Property-What to Know Currently, lower estate prices make it a great time to gift a home to your children. This allows them to obtain the property now, which it’s still valued low, and benefit from its increased value, as the market improves. If this sounds like an attractive plan for you, visit our experienced… Read more »
Business Mergers: What You Need to Know
July 20, 2018Business mergers are one of the most stressful parts of running a company. You need the right tactics and guidance if you are going to pull it off successfully. If you don’t, you could put your company in jeopardy. What You Should Know About Mergers Business mergers are not like regular business transactions. They are… Read more »
3 Keys to Managing Business Finances
July 06, 2018Three Steps to Managing Business Finances When it comes to running your business, finances are the most important aspect. They dictate how much you can invest regarding opportunities, who you can hire, and how much profit you have at the end of the day. However, you need to understand the three major keys of business… Read more »
Why Setting Goals Is Necessary in your Business Plan
May 16, 2018Setting Goals is an Important Part of a Business Plan Every successful company starts with a good idea. These ideas are expressed in goals that you set and carry out on paper. Your business plan is the document that you need to get started. See how important it is to develop this plan correctly and… Read more »
Which Comes First: Estate Plan or Exit Plan?
April 10, 2018Chicken or the Egg? It’s the Same with Estate Plan or Exit Plan Business Exit Planning is part of every successful business plan. An exit plan guides you on how you can leave your business. You do not want to bear the loss when you close your business. It answers the question of what you… Read more »
Can I Get the Capital Gains Benefit if I Buy My House from my Trust?
September 01, 2017Utilizing a QPRT for Capital Gains Benefit A qualified personal residence trust (QPRT) is a specific type of irrevocable trust that allows its creator to remove a personal home from their estate for the purpose of reducing the amount of gift tax that is incurred when transferring assets to a beneficiary. QPRT may allow for… Read more »
What if I Survive the Trust Term?
August 30, 2017Trust Term of a Qualified Personal Residence Trust (QPRT) A qualified personal residence trust (QPRT) is a specific type of irrevocable trust that allows its creator to remove a personal home from their estate for the purpose of reducing the amount of gift tax that is incurred when transferring assets to a beneficiary. Qualified personal residence… Read more »