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What Are the Benefits of Forming an LLC in Illinois?
: What Are the Benefits of Forming an LLC in Illinois?Forming a Limited Liability Company (LLC) in Illinois offers entrepreneurs and small business owners a flexible, affordable, and protective structure for launching and growing a business. Whether you are starting a solo venture or partnering with others, an Illinois LLC provides key advantages that make it one of the most popular business entities in the…
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Top Red Flags That Can Trigger Will Contests in Illinois
: Top Red Flags That Can Trigger Will Contests in IllinoisIn Illinois, a properly executed will is presumed valid, but that does not mean it is immune from legal challenges. Will contests arise when heirs or beneficiaries believe the document fails to reflect the true intentions of the deceased. These disputes can delay probate, drain estate assets, and fracture family relationships. Understanding the most common…
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What Happens to Digital Assets in Probate in Illinois?
: What Happens to Digital Assets in Probate in Illinois?As more aspects of life move online, digital assets have become an increasingly important part of estate planning and probate. In Illinois, digital assets can hold financial, sentimental, or legal value. Yet many estates overlook these assets, leading to confusion and delays during probate. Understanding how Illinois law treats digital assets is essential for executors,…
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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…
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Placing business assets in a trust can offer many benefits. A trust can help with asset protection, estate planning, and managing the business after an owner’s death. However, trust law can be complicated, and it would be best to seek advice from a qualified professional. Whether you live in Illinois or New York, here are…
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Receiving a windfall, such as a cash settlement or inheritance, can be a life-changing event. However, for individuals who rely on Supplemental Security Income (SSI) and Medicaid benefits, it can also be a cause for concern. Fortunately, a few options can help individuals keep their SSI and Medicaid benefits while benefiting from the extra resources….
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You may think that an irrevocable trust is set in stone and its terms can never be changed. This is not the case. Say Auntie Anne dies leaving the proceeds from her successful pretzel chain business in her trust to her two brothers, Barclay and Clemson, naming her nephew Dusty as her trustee. The trust…
