Estate planning for high-earning professionals may seem straight forward as you enter higher tax brackets, but the reality is there may be more protections that need to be in place. High-earning professionals often assume they’re “too young,” “too busy,” or “well covered” when it comes to estate planning. In reality, higher income brings higher [...]
If you’re a Russian-speaking entrepreneur building your business in the U.S., you already know you’re balancing more than most—new laws, new systems, new risks. Estate planning isn’t just paperwork; it’s protection for everything you’ve worked so hard to create. Если вы русскоязычный предприниматель в США, вы уже знаете, что вам приходится разбираться в новых [...]
Choosing between an LLC and an S-Corporation isn’t just a tax decision — it’s a family protection decision. The business structure you choose affects liability, control, taxes, succession planning, and even whether your business ends up tangled in probate. If you’re a local small or mid-size business owner, understanding these differences can help you [...]
Physicians spend years building a thriving practice—but many overlook the estate planning steps that protect their business, income, and family if something unexpected happens. The result? Court delays, tax headaches, operational chaos, and personal exposure. Here are the top 10 estate planning mistakes doctors commonly make—and how to avoid them. 1. Not Having a [...]
Corporate executives in Wisconsin often receive a large portion of their compensation through restricted stock units (RSUs), stock grants, or employer equity awards. As your shares vest, they can quickly become a significant part of your net worth—and with that comes complex questions about taxes, transfer planning, and probate exposure. One of the most [...]
If you’re a business owner in Illinois preparing for a sale, here’s a question most people don’t think to ask: “Is my estate plan ready for this transaction?” And the honest answer is usually: not yet. Selling a company — especially a family-owned business — isn’t just a financial transaction. It’s a major estate [...]
Estate planning for dentists doesn't need to be complicated. What happens to your dental practice—and your wealth—when you decide to sell or retire? For Illinois dentists, selling a dental practice isn’t just a business decision—it’s a key moment in your estate and tax planning. The sale can impact your retirement, your family’s future, and [...]
It’s Halloween—a season of ghosts, goblins, and spooky surprises. But one of the scariest things you can leave behind for your family isn’t a haunted house. It’s your digital ghosts—unprotected online accounts, lost passwords, and forgotten assets that come back to haunt your loved ones. What Are Digital Ghosts? A Facebook account that can’t [...]
Imagine this: your family tries to log into your email or PayPal account after you pass away, but they’re blocked. Without proper planning, your digital assets could be locked forever, no matter how valuable they are. That’s why legal tools matter. The Problem with “Just Sharing Passwords” Handing over a password list may sound [...]
The Illinois Secretary of State’s Department of Business Services has announced a new Franchise Tax and License Fee Amnesty Program. This limited-time program gives eligible corporations the opportunity to avoid penalties and interest on unpaid or underreported franchise taxes. If your business is incorporated or authorized to do business in Illinois, you’ll want to [...]
