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Recent blog posts
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Selecting the right trustee is one of the most important decisions you will make when creating a trust in Illinois. The trustee is responsible for managing trust assets, following the terms of the trust document, and acting in the best interests of the beneficiaries. A well‑chosen trustee can ensure your estate plan works exactly as…
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Succession Planning for Family-Owned Businesses in Illinois
: Succession Planning for Family-Owned Businesses in IllinoisYou care about your family-owned business. There has been a lot of hard work in getting it off the ground and successful. Whether you’ve had the business for a few years, or many decades, you want to ensure it is protected after you pass away. Without a clear succession plan, your business could face big…
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After losing a loved one, the last thing you want to think about is the cost of probate. However, it is a part of administering the estate. Probate often gets the reputation for being slow and expensive. In Illinois, most estates can move through pretty efficiently, reducing fees depending on the size and complexity of…
All blog posts
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As a business owner, you do everything to protect your company. However, many people need to realize that estate planning should be a part of that process. While estate planning is not an exciting part of entrepreneurship, you need it to have a smooth transition of assets and minimize tax liabilities for beneficiaries. Here is…
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A clear property title is your golden ticket in the real estate world. It guarantees that the property you want is free from legal claims or complications. If there are issues with a title, that could cause problems with your ownership rights. A property title search can provide peace of mind during this time. Here…
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Understanding Property Ownership Structures in Real Estate Investments
: Understanding Property Ownership Structures in Real Estate InvestmentsReal estate investments can provide a road to financial prosperity and stability. However, the property’s ownership structure may impact your control, taxation, and financial stability. Whether you wish to buy commercial or residential real estate, make sure you know which structure is the right one for you. Sole Ownership The most straightforward property ownership structure…
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What Are Purchase and Sale Agreements in Real Estate Transactions?
: What Are Purchase and Sale Agreements in Real Estate Transactions?With any residential or commercial real estate deal, it requires a well-structured agreement to protect the interests of all parties. One important document is the Purchase and Sale Agreement (PSA). This legally binding contract outlines the terms and conditions for transferring properties from sellers to buyers. Take a look at all the aspects of Purchase…
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Why You Should Consider Putting Your LLC into a Trust
: Why You Should Consider Putting Your LLC into a TrustMany people turn to LLCs to protect their business and personal assets. From stronger asset protection to simplified estate planning, putting this business entity into a trust can offer plenty of benefits. If you want to secure your finances and businesses, here are a few reasons why you should consider putting your LLC into a…
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Being a caregiver to a senior loved one can be difficult, even when you are next door or across town. But what if you are several time zones away? Trying to provide (or monitor) care from a distance can seem almost impossible. When you are far away, it is difficult to know what to do…
