Updates, News and Reminders

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Blog Categories

Avoiding Probate

October 6, 2024      by: tlaw

Probate: A grueling, neverending process that tears families apart. When someone passes away, there are numerous different things that the family has to deal with. If the deceased only had a Will when they passed, their entire estate would have to go through probate, which means that the Will must be proven in a court … Continue reading Avoiding Probate

Medicaid Payback Rules Relief

August 4, 2024      by: tlaw

Possible repeal of federal mandate to pursue families and estates for repayment of Medicaid

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Digital Assets and Your Estate Plan

July 8, 2024      by: tlaw

Cybercrimes are projected to increase by 15% annually and rise to an annual cost of $10.5 trillion in 2025.

Asset Protection for Your Home

June 6, 2024      by: tlaw

It is often shocking to discover how vulnerable your most valuable asset is to being lost. Yet, a few simple, inexpensive asset protection steps can protect your home.

Cybercrime: 2024, how are you vulnerable?

May 18, 2024      by: tlaw

Cybercrimes are projected to increase by 15% annually and rise to an annual cost of $10.5 trillion in 2025.

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Series LLC Benefits

May 17, 2024      by: tlaw

A Series LLC is a form of a Limited Liability Company (LLC) that combines a corporation’s and a partnership’s features to form a separate business entity. This combination of features protects an LLC from personal liability for business debts of a corporation and the pass-through tax structure of a partnership or sole proprietorship.

The Corporate Transparency Act

May 4, 2024      by: tlaw

Beginning on January 1, 2024, the Corporate Transparency Act requires each entity that qualifies as a “reporting company” to file a report (BOI Report) with the Department of Treasury’s Financial Crimes Network (FinCEN), identifying information about each “beneficial owner”, and each “company applicant

Illinois Living Trust: Secure Your Legacy with an Essential Guide

March 15, 2024      by: tlaw

An Illinois Living Trust can be an essential tool for your estate plan. This article provides a solid starting point to make this challenge more manageable, giving you a general overview of what you need to know and consider when creating a living trust in Illinois.

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6 Estate Planning Myths

February 5, 2024      by: tlaw

When it comes to estate planning, there are several myths. And not knowing fact from myth can be very costly.

Joint Tenancy

Joint Tenancy and its Perils

January 14, 2024      by: tlaw

Joint Tenancy – it is quick, convenient, and tempting. It used to be called “The Poor Man’s Will.” And it is fraught with potential disaster. Consequently, aside from marital funds, you should be very cautious of ever using it to title assets.