The current financial and political climate urges us to think about controlling and preserving our assets. Be proactive in protecting your wealth – you may consider reviewing your estate planning options well in advance of the election and be ready to implement any changes before year-end. Consider estate planning in a way that benefits you […]
Selling a business is one of the most important financial decisions in a business owner’s lifetime. Given many baby boomers’ desire to retire and sell their businesses, as well as the current low interest rates making buyers’ access to financing relatively inexpensive, now may be the ideal time for business owners to sell and “get […]
Due to low interest rates and other planning factors, now is a great time to implement an estate planning opportunity known as a “Sale to a Grantor Trust.” This type of transaction takes advantage of current low rates while also reducing estate tax exposure by shifting future appreciation outside of the taxable estate. A simplified […]
Keeping up with the rapidly evolving pandemic news can be confusing and exhausting. The markets are volatile, asset values are depressed and business valuations are historically low. But this does not mean you should wait to address your estate planning. Now is the time to take action. Current market conditions have created great opportunities to […]
Although the term “family law” usually brings divorce to mind, it encompasses much more. Family law attorneys wear many hats to help settle issues affecting families, such as child custody, mediation, domestic violence, estate administration, pre- and post-nuptial agreements and litigation representation. The ordinary stress of family law issues such as divorce can be compounded […]
Good news for small business owners affected by the pandemic: a new federal aid bill passed in the Senate yesterday that would replenish funds for the Small Business Association’s coronavirus economic relief programs. This new stimulus deal is expected to provide $310 billion for the depleted Paycheck Protection Program (PPP) loans as well as an […]
This week marks a historic Supreme Court clarification affecting companies nationwide: Title VII of the Civil Rights Act of 1964 now makes it unlawful for employers to discriminate against LGBTQ workers. The 6-3 ruling states that sexual orientation and gender identity discrimination violates Title VII’s prohibition on discrimination “because of sex.” Although Illinois has had […]
‘Shelter in place’ orders are allowing families to spend extended time together. One way to spend that time productively is to discuss any outstanding estate planning needs your family may have. Below are a few timely guidelines your family may want to consider: Locate and Review Existing Estate Planning Documents It’s easy to take the […]
Tremendous losses are being suffered by businesses during this COVID-19 pandemic. Many businesses have already begun to file Business Interruption Insurance (BII) claims with their commercial insurance carriers, and some have even filed lawsuits against carriers denying coverage. Moreover, some states have introduced pro-business legislation intended to override policy exclusions for communicable diseases and mandate […]
