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ILLINOIS APPELLATE COURT ENFORCES THE PROVISIONS OF LLC OPERATING AGREEMENT CONCERNING THE HANDLING OF A DIVORCING MEMBER’S LLC INTEREST

Many businesses, whether operating as a limited liability company (LLC), a corporation or a partnership will have more than one owner. These businesses are often started or experience appreciation in

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NEW LAWS TO SAFEGUARD THE ELDERLY

Governor Pat Quinn recently signed a number of bills that are intended to protect senior citizens from financial or physical harm. The new laws are designed to protect seniors in a variety of ways

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DEFENSE OF MARRIAGE ACT OVERTURNED

What does the Supreme Court’s 5-4 decision declaring DOMA unconstitutional mean to Illinois same-sex couples?

Well, while a great moral victory and as portents for the future, a great deal; in the

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TRUMP TRUMPS AGAIN!

Recently Donald Trump was successful in his defense of a claim by a woman who claimed that he was guilty of fraud for failing to allow condominium unit purchasers in the Trump Tower to share in the

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ARE INHERITED IRAs EXEMPT FROM CREDITORS? WELL, IT DEPENDS.

Does an inherited Individual retirement

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Pop Quiz: Is this Defamation?

Recently an Illinois appellate court determined whether the following was actionable defamation:

A. “(He) pocketed the money”;

B. Was a “corrupt director”;

C. “Used

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NEW ILLINOIS EXEMPTION: PERSONAL PROPERTY

Both houses of the Illinois General Assembly have passed legislation to amend the Illinois statute which provides for the exemption of personal property of individuals from judgment, attachment or distress

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AVOIDANCE OF PROBATE: TRANSFERRING RESIDENTIAL PROPERTY

In prior years, it has often been my experience that the only asset remaining in a deceased person’s estate that requires probate is the decedent’s personal residence. As of January 1, 2012

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AVOIDANCE OF PROBATE

Transferring Residential Property Upon Death-In prior years, it has often been my experience that the only asset remaining in a deceased person’s estate that requires probate is the decedent’s

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UNNATURAL ACCUMULATIONS OF ICE AND SNOW

As many of you know, there is an Illinois statute which shields property owners from liability for having created unnatural accumulations of ice and snow where they have made efforts to remove snow

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