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Recent blog posts
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Today, cryptocurrency and other digital assets are often a key part of your net worth. Whether you started mining bitcoin when it started or have invested well in NFTs, you want to ensure they are passed down to your next generation. The thing is, digital assets require a little extra attention as compared to typical…
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How to Use LLCs and Trusts Together for Asset Protection in Illinois
: How to Use LLCs and Trusts Together for Asset Protection in IllinoisAsset protection is a critical component of estate planning and business strategy. This is especially true in Illinois, where litigation risks, creditor claims, and probate exposure can threaten your financial legacy. By combining Limited Liability Companies (LLCs) with trusts, individuals and families can create a layered defense that protects real estate, business interests, and personal…
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Blended families are those formed through remarriage, adoption, or cohabitation. They face unique challenges when it comes to estate planning. In Illinois, ensuring that your spouse, children, stepchildren, and other loved ones are protected requires careful legal strategy. Without a comprehensive estate plan, your assets may not be distributed according to your wishes, potentially leading…
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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…
