Representation of and legal services for privately held businesses. Estate planning, probate, asset protection, business succession planning and employment issues.

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SHOULD YOU WAIT BEFORE IMPLEMENTING LIFETIME GIVING AND WEALTH PRESERVATION STRATEGIES?

Because property values and interest rates are at historic lows and the federal gift and estate tax exemption is at a historically high level, there are currently unprecedented opportunities to leverage

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POWERS OF ATTORNEY FOR PROPERTY: USES AND ABUSES

Durable powers of attorney for property (POAFP)are a relatively recent innovation and a very useful tool permitted under Illinois law. Such powers allow a trusted third party to handle individual financial

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ILLINOIS STATE DEATH TAX EXCLUSION INCREASES

Good News! The Illinois state death tax exclusion has increased from $2 million to $3.5 million effective January 1, 2012. Therefore, for estates of persons dying in 2012, Illinois’ piece of the

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WHAT’S IN YOUR INTERNET POLICY?

If you have an Internet policy that interferes with or restricts the rights of your employees to discuss working conditions, wages or hours, you might want to reconsider and revise

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TERMINATION OF EMPLOYMENT: Risk of Liability for Defamation

Most employers have been counseled and are very careful with respect to any statements that are authorized to be made concerning the termination of an employee. However, there are exceptions.

Recently

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RECOVERY OF DAMAGES FOR BREACH OF AN ILLEGAL CONTRACT

As a matter of public policy a party who suffers damages by reason of the breach of a contract to perform an illegal act may not recover damages. For example, if two parties enter into a contract to

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WHY IT IS IMPORTANT TO REVIEW YOUR ESTATE PLAN

As an estate planning practitioner, I have advocated the practice of periodically reviewing one’s estate plan in order to give due and current consideration to possible changes in a client’s family

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BENEFICIARY-CONTROLLED TRUSTS

Most traditional estate plans are designed to benefit and provide security to a surviving spouse for his or her lifetime and for the division of the decedent’s assets between and among the children

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