Fri August 11, 2023

The Best Ways to Transfer Property in Your Estate Plan

By |2023-08-10T10:27:34-05:00August 11th, 2023|Blog, Estate Planning, Estate Planning, Tips|Comments Off on The Best Ways to Transfer Property in Your Estate Plan

When it comes to estate planning, transferring property is a crucial aspect that requires careful consideration. For many, properties including your home, vacation homes, and even income properties, are a large part of your wealth. With baby boomers currently passing down over $53 trillion to their heirs in one of the largest generational wealth [...]

Fri August 4, 2023

Protect Your Kids’ Future with Your Estate Plan

By |2023-08-04T08:32:55-05:00August 4th, 2023|Blog, Estate Planning, Estate Planning|Comments Off on Protect Your Kids’ Future with Your Estate Plan

Protect your kids' future by learning what to avoid in your estate planning. While estate planning is mostly about transferring your wealth, your plan should encompass much more than that. Many individuals shy away from exploring family complexities or addressing emotionally charged matters. However, the truth is that failure to plan, confront tough issues, [...]

Fri July 28, 2023

Community Property Vs. Common Law

By |2023-07-27T10:20:57-05:00July 28th, 2023|Blog, Estate Planning, Estate Planning|Comments Off on Community Property Vs. Common Law

Divorce is a challenging journey that many of us hope never to face, but life's twists and turns sometimes lead us down that path. Amid the emotional rollercoaster, it's essential to understand the legal implications of dividing assets and property. In the United States, property distribution during divorce can be governed by one of [...]

Fri July 21, 2023

Talking to Your Kids About Their Inheritance

By |2023-08-08T09:14:00-05:00July 21st, 2023|Blog, Estate Planning, Estate Planning, Tips|Comments Off on Talking to Your Kids About Their Inheritance

Talking to your kids about their inheritance may seem like an overwhelming conversation. Easier said than done, right? But, sometimes the hard conversations are the most important ones. You've worked hard to build a life you're proud of, and with that comes thinking about what you will be leaving behind for the next generation. [...]

Fri July 14, 2023

The Employee Background Fairness Act

By |2023-07-13T10:48:23-05:00July 14th, 2023|Blog, Business Law, Employment Law, General, Hiring Practices, Illinois State Law, Small Business|Comments Off on The Employee Background Fairness Act

Illinois Governor, J.B. Pritzker, recently signed the Employee Background Fairness Act into law, bringing significant changes to the hiring practices of employers in the state under the Illinois Human Rights Act. This law aims to ensure fairness in the employment process by prohibiting employers from disqualifying job applicants based solely on their conviction records, [...]

Fri July 7, 2023

Can You Handwrite a Will?

By |2023-06-22T10:57:57-05:00July 7th, 2023|Blog, Business Law, Estate Planning, Estate Planning|Comments Off on Can You Handwrite a Will?

Can you handwrite a will? Technically, yes. But SHOULD you handwrite a will? No. Creating a will is an essential step in planning for the future, ensuring that your assets and wishes are properly distributed after your passing. Fans of HBO's popular show Succession, learned this in a shocking episode in season 4. With [...]

Fri June 30, 2023

Updates to Overtime Pay Employers Should Know

By |2023-06-20T15:53:08-05:00June 30th, 2023|Blog, Business Law, Business Structure, Employment Law, Federal Law, Hiring Practices, Small Business|Comments Off on Updates to Overtime Pay Employers Should Know

There have been updates to overtime pay that employers should know based on a recent case ruling that has implications for employers and high-earning individuals. On February 22, 2023, the United States Supreme Court made a significant ruling, stating that employees earning over $200,000 annually are entitled to overtime pay under the Fair Labor Standards [...]

Fri June 23, 2023

Don’t Leave Your Kids an Inheritance

By |2023-06-23T08:37:22-05:00June 23rd, 2023|Blog, Estate Planning, Estate Planning|Comments Off on Don’t Leave Your Kids an Inheritance

Don't leave your kids an inheritance outright. The best ways to leave your kids' an inheritance may not be the ways you think. As parents, one of our deepest desires is to provide for our children even after we are gone.  With careful planning and consideration, you can establish a solid foundation for your [...]

Fri June 16, 2023

The Importance of Estate Planning for Single Individuals

By |2023-06-15T10:28:38-05:00June 16th, 2023|Blog, Estate Planning, Estate Planning, Tips|Comments Off on The Importance of Estate Planning for Single Individuals

Estate planning for single individuals helps to create a plan for the unique situations that one may face. In an ever-evolving society, the concept of family and personal relationships has undergone significant changes. Today, there is a growing number of individuals who are widowed, unmarried, or live alone without immediate family members to rely [...]

Fri June 9, 2023

Tax Bracket Changes for 2023

By |2023-06-08T10:18:22-05:00June 9th, 2023|Blog, Business Law, Estate Planning, Estate Planning, Small Business, Tax Law, Tips|Comments Off on Tax Bracket Changes for 2023

Tax brackets changes for 2023 have been announced by the IRS in response to rising inflation. Tax brackets play a crucial role in determining how much individuals and businesses owe in taxes. These brackets define the income ranges that correspond to different tax rates, ensuring a progressive tax system where higher earners pay a [...]

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