By: Michael J. Morrison & Madeline F. Kelleher On August 2nd, 2024, Governor Pritzker signed into law Senate Bill (SB) 2979, amending the Illinois Biometric Information Privacy Act (BIPA) by curbing the potential for massive damages and modernizing the law’s...
By: Andrew J. Kelleher and Edwin P. Morrow, Kelleher + Holland, LLC When it comes to protecting your wealth from taxes, think of it like catching the savory wave. If you’ve got significant assets and want to avoid a heavy tax hit, it’s time to consider SURFing—Step Up...
Estate planning helps to better ensure your wishes are carried out when you cannot handle your affairs. Those who are putting together an estate plan are wise to consider the various legal tools that can help achieve these goals. For those with more complex estates,...
The Corporate Transparency Act (CTA), which went into effect on January 1, 2024, will require owners of LLCs or small corporations to report additional identifying information on the entity and it’s owners to the U.S. Department of the Treasury’s Financial Crimes...
Do you want Illinois law to dictate where your assets go upon your death? And do you really want to pay more legal fees, court costs and other expenses than necessary? Do you want your loved ones fighting each other over who will be in charge of administering your...
The 10-year rule, applicable to most trusts that will receive retirement benefits after passage of the Setting Every Community Up for Retirement Enhancement Act (SECURE Act), presents a dilemma for non-Roth individual retirement accounts. For the vast majority of...
Section 327 of the SECURE 2.0 Act of 2022 (SECURE 2.0 Act), effective in 2024, which modified Internal Revenue Code Section 401(a)(9)(B)(iv), will provide over which may be quite advantageous to the subsequent beneficiaries (especially if they’re eligible designated...
Companion chart to "Incomplete Gift, Non-Grantor Trusts - Not Just for State Income Tax Avoidance" and "Spousal Lifetime Access Non-Grantor Trusts" CLE/article/webinars, compiled by Ed Morrow III, J.D., LL.M. (tax), CFP® - permission to reprint with continued...
What began as a devastating guardianship issue evolved into a multifaceted legal success encompassing guardianship, estate planning, asset protection, and a significant wrongful death victory. Our team's dedication to listening to clients, asking the right questions,...
Transcription below: Good afternoon. Thank you for joining us for an important Corporate Transparency Act update. My name is Amy Rizzo and I am the marketing manager here at Kelleher and Holland. Our speaker today is Jonathan Fox, the co-chair of the corporate...
