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Should Executives in Wisconsin Put Employer Stock Into a Trust?

By |2025-11-20T10:12:04-06:00November 20th, 2025|Blog, Business Law, Business Structure, Compensation, Employment Law, Estate Planning, Estate Planning, Small Business, Tips|

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 [...]

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Illinois New Franchise Tax and License Fee Amnesty Program

By |2025-10-23T10:34:12-05:00October 23rd, 2025|Blog, Business Law, Illinois State Law, Small Business, Tax Law, Tips|

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 [...]

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Back to School Planning: The Perfect Time for a Plan Update

By |2026-04-27T12:35:30-05:00August 15th, 2025|Blog, Estate Planning, Estate Planning, Tips|

As the summer winds down and the school year begins, parents everywhere are checking supply lists, packing lunches, and signing permission slips. But there’s one important checklist that often gets overlooked: estate planning and emergency preparedness. While it’s not as fun as picking out new backpacks, taking time to put your legal and financial [...]

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Why Estate Planning Isn’t Just for Retirement—It’s for Right Now

By |2025-04-11T10:39:37-05:00April 11th, 2025|Blog, Business Structure, Estate Planning, Estate Planning, Small Business, Tax Law, Tips|

Too many high-earning professionals and business owners think of estate planning as something to do “someday”—after retirement, after the kids are grown, after things slow down. But life doesn’t always wait for the perfect moment. Whether you’re running a practice, growing a business, or building generational wealth, the decisions you make today will shape [...]

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It’s Time for Your Estate Plan Tune-Up!

By |2024-08-15T09:55:45-05:00August 16th, 2024|Blog, Estate Planning, Tips|

It's time for your estate plan tune-up! Have you ever looked at your favorite musical instrument and realized it's time for a tune-up? It's been a while since you've played it, and it just doesn't sound quite right. Your estate plan is no different. Just like your instrument, it requires periodic attention to ensure [...]

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Protecting Your Child: Legal & Financial Steps for Adulthood

By |2024-08-09T11:53:48-05:00August 9th, 2024|Blog, Estate Planning, Tips|

Protecting your child will always be your number one job, even as they reach adulthood. Watching your child grow into an independent adult is a bittersweet milestone. While it's exciting to see them spread their wings, it can also be challenging to adjust to the new dynamics of your relationship. One of the most [...]

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Spring into Action: 7 Reasons to Start Estate Planning Now

By |2024-04-18T11:27:59-05:00April 19th, 2024|Blog, Estate Planning, Estate Planning, Tips|

Reasons to start estate planning this Spring are all about getting a fresh start! Spring has sprung! The birds are chirping, flowers are blooming, and there's a fresh sense of renewal in the air. It's the perfect time to tackle that spring cleaning list, but what if we told you there's an even more [...]

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Trust vs Will: How an Estate Planning Attorney Can Help

By |2026-04-21T12:53:03-05:00April 12th, 2024|Blog, Estate Planning, Estate Planning, Tips|

Trust vs Will: Which Estate Planning Strategy is Right for You? When it comes to securing your family’s future, the debate of trust vs will is one of the most critical conversations you can have. Many people mistakenly believe that estate planning is only for the ultra-wealthy, but the reality is that anyone with [...]

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What is a Spousal Lifetime Access Trust (SLAT)?

By |2024-04-05T09:16:57-05:00April 5th, 2024|Blog, Estate Planning, Estate Planning, Tips|

A Spousal Lifetime Access Trust (SLAT) may be a tool that you need in your estate planning to stay ahead of taxes. In the world of estate planning, the landscape is ever-changing, with tax laws and regulations in constant flux. Recent proposals to alter federal estate and gift tax exemptions serve as a stark [...]

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Leveraging Life Insurance in Estate Planning

By |2024-03-21T09:44:57-05:00March 22nd, 2024|Blog, Estate Planning, Estate Planning, Tips|

Life insurance in estate planning is a crucial aspect of financial management often overlooked or delayed by many individuals. Yet, it holds significant importance in securing the future for your loved ones and ensuring your assets are distributed according to your wishes. Among the myriad tools available for estate planning, life insurance stands out [...]

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The Lexern Law Group, Ltd. is an Illinois and Wisconsin business and estate planning law firm, located in Libertyville, Lake County, Illinois. We primarily serve clients that are located in North-Western Illinois and Southeastern Wisconsin, including Libertyville, Lake Forest, Vernon Hills, Buffalo Grove, Glenview, Wheeling, Palatine, Northbrook, Lincolnshire, Grayslake, Arlington Heights, Kildeer, Schaumburg, Gurnee, Deerfield, Deer Park, and Barrington areas. In Wisconsin, we serve clients in Milwaukee, Racine, Kenosha, and Mequon counties. We represent business owners and licensed professionals, such as doctors, dentists, veterinarians, and their families in business, business succession, and estate planning matters.

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