As we ring in 2025, big changes are coming for Illinois employers navigating the new labor and employment laws. Start the year off right and watch as we break down the key updates that could impact your workplace in the months ahead. Transcript:...
By Rena A. Ballard and Andrew J. Kelleher, Kelleher + Holland, LLC Families who have (i) loved ones with physical, mental, developmental, or behavioral disabilities, or (ii) aging family members with nursing home or long-term care risks, face unique challenges to...
IRC 678 and the BDOT 2024
Is it time to head south and leave the winter chill behind? It’s not just about better weather—it’s also about tax and legal benefits. Whether you’re relocating full-time or splitting your time between Illinois and a sunnier destination like Florida, Arizona, Texas,...
In 2023, employment litigation cases rose by 30% compared to the prior year. As a business owner, you might think, "It won’t happen to me." However, the reality is clear: employment-related claims, disputes, and lawsuits are increasing, and no business is entirely...
By Edwin P. Morrow III, J.D., LL.M., MBA, CFP®, CM&AA® and Andrew J. Kelleher, Jr., J.D., CPA, LL.M. When it comes to estate planning, employing a diverse array of irrevocable trusts has emerged as an indispensable strategy for individuals aiming to preserve and...
By Donald J. Morrison, J.D. and Andrew J. Kelleher, Jr., J.D., CPA, LL.M., Kelleher + Holland, LLC Medical malpractice occurs when a healthcare professional fails to provide the appropriate standard of care, leading to harm or injury to the patient. A recent Johns...
Companion chart to "The Optimal Basis Increase Trust" (https://ssrn.com/abstract=2436964) and LISI article Spousal Lifetime Access Non-Grantor Trusts "ING"=Incomplete gift, non-grantor trust (can be Delaware, Nevada, Ohio, South Dakota, Alaska, probably many of the...
Permanent life insurance is an often overlooked or underutilized asset class. With proper irrevocable trust planning, permanent life insurance can provide totally income tax-free and estate tax-free liquidity upon death to efficiently address estate taxes and keep...
As a business owner or professional in Illinois, you're navigating a complex landscape of federal and state regulations. While compliance is a priority, the potential for investigations and audits by various regulatory agencies is a reality that demands proactive...
