Owning property in Illinois can leave you wondering what happens to it upon your death. Ideally, you have already created a will dictating your preferences for who inherits your assets including real estate. However, real estate left to someone in your will can wind...
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Month: January 2020
Have you considered all the costs of buying a home?
You have done all your homework on finding and making an offer on your Illinois dream home. Or have you? To better ensure that you do not receive the keys to disappointment rather than the keys to your new home, see what CNN Money says about some of the...
Planning ahead can save your business in a divorce
It is very difficult to protect your business in a divorce if you do not have any legal measures in place before the proceedings. As a business owner, you have to plan for any possibility no matter how unlikely it is. So, if you get married, you need to understand...
Pros and cons of the new Illinois construction retainage limit
People in the construction industry may have been happy to hear about the passing of a new Illinois regulation that limits retainage to 10%, according to Construction Dive. Since late August, when the governor signed the bill, not only can owners and contractors no...
Is it time to update your estate plan?
Your personal wishes dictate your estate plan, which is then molded by Illinois law. However, both your desires and state law are subject to change. This means that your current estate plan may not suit your needs in the future. Today we will take a look at situations...