Small Illinois corporations may not have many large or valuable physical assets, but almost every business has secrets that the company wants to protect from disclosure to competitors. Illinois law provides two major devices to accomplish this end: the Illinois Trade...
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What is the importance of guardians in an estate plan?
People can go through most of their lives without ever hearing the word “guardianship,” but the legal concept is important. Naming a guardian in an estate plan can be the ultimate act of love toward family or elderly family members. Guardianship explained Essentially,...
Are these trust options right for your estate plan?
One of the greatest advantages of estate planning is that it is entirely customizable to suit your needs. But in order to take advantage of everything that the process has to offer, you have to know your estate planning options. Sure, you have the ability to create a...
The importance of estate planning for small business owners
If you own a small business, you are probably on your toes most of the time. If your business is flourishing, that means that you are continuing to gather assets for your eventual retirement and to pass down your assets to your loved ones. That is a critical way of...
Texting and driving is a danger in our 24/7 society
Many of us in Geneva can agree that in today’s 24/7 society, our cell phones have become essential parts of our lives. Some of us even have multiple cell phones; one personal phone and one work phone. Of course, smartphones today have many exciting features, and there...
Negotiating the terms of a severance agreement
If an employee is presented with a severance agreement, his or her first instinct might be just to sign it and move on to another job. However, there may be an opportunity to negotiate the terms of the severance agreement in his or her favor first. Severance...
Health care directives: power of attorney versus living will
There are a lot of moving parts when it comes to estate planning. Some aspects will be more or less important to different people and your needs will change as you move through life. Health care directives are one thing which can benefit anyone and at any time. Health...
How do I incorporate by cryptocurrencies into my estate plan?
For those that have already done an estate plan or that are in the estate planning process, traditional assets, like our cars and houses, are already in our wills. Including traditional asset classes are relatively simple. As one includes other financial assets...
Now may be a good time to update your estate plan
Estate planning is a hard subject to approach. That is because it involves discussing the end of one’s life and the process of distributing their assets after their death. Few Illinois residents look forward to conversations about their mortality, wealth, and the...
Seven steps for building your personal injury claim
So, you’ve been injured in a car accident and now you’re asking yourself what your next steps are. It’s not easy to gauge, especially as you’re trying to cope with the pain and suffering and financial turmoil that has been unfairly thrust upon you. However, you’re not...