2017-08-01 Child Support Money

New Child Support Law Initial Impressions

In case you have not heard, Illinois implemented the income shares model for child support determination, and it took effect July 1, 2017. If you are currently receiving child support, paying child support or are currently involved in child support proceedings or will be in the future, the new change may have a significant impact […]

Continue Reading 0
2017-07-28 attorneys shaking hands

Family Lawyer vs. Divorce Lawyer

We throw terms around without really thinking about them sometimes, but those terms influence how we think about the things those terms describe. Different terms have different connotations. For instance, the term, “family lawyer”, might generate a sense of wholesomeness; while the term, “divorce lawyer”, may conjure up a different set of feelings. These terms […]

Continue Reading 0
House on pile of Money (escrow blog)

The Truth about Escrow Cushions

The Real Estate Settlement Procedures Act (RESPA) addresses escrow accounts and the amounts that a lender may hold for payment of the borrower’s real estate taxes, homeowner’s insurance, and other items. A lender may retain a cushion, but the amount of the cushion a lender can maintain is limited by Section 10 of RESPA. Following […]

Continue Reading 0
Financial plan

Trusts Compared to Corporations

The concept of a trust is difficult for many people to grasp because a trust is a concept, and therefore is intangible.  Another intangible concept that is more familiar, and therefore seems easier to understand, is a corporation. Corporations have some similarities to trusts and, therefore, provide a helpful comparison. A quick look at the […]

Continue Reading 0
canstockphoto36264619

New Restrictions on Non-Compete Employment Contracts

Illinois continues to be an employee friendly state in some ways, including in the area of non-compete clauses. A non-compete clause, or covenant not to compete, is a provision of a contract in which one person agrees not to compete against another person or business after termination of the relationship. Employers often require employees to […]

Continue Reading 0
© Can Stock Photo Inc. / gajdamak

FAQs About Probate

One of the most often misunderstand terms in estate planning is “probate” and what it means so we answer the most common FAQs about probate here: WHAT IS PROBATE? The term “probate” refers generally to the process by which the estate of a decedent (person who died) is administrated and distributed to the heirs and/or people named […]

Continue Reading 2

The Legacy of the Magna Carta

The Magna Carta is 800 years old this month. I was signed 800 years ago on June 15, 1215, (to be exact) at Runnymede, England. The Magna Carta is a pivotal document. It set a foundation for the Rule of Law in the West unsurpassed by any written document other than Scripture. The Magna Carta was […]

Continue Reading 0