When a people file for bankruptcy, they are required to include all debts, regardless of the amount of money owed, to whom it is owed, and regardless whether the property securing the debt is needed for their livelihood. But, what if the debtor wants to keep possession of the property securing the debt? In those…
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Most people help their children when their children need help, even when they are adults. Sometimes that means making “loans” to them. You should think about how to handle gifts or loans to children in a Will or Trust. Your family will thank you for it! Imagine that your son’s car breaks down, and he…
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Trusts are very robust and handy estate planning tools. If you are not familiar with trusts, perhaps you should read some articles that explain what trusts are (See Trusts Compared to Corporations; The Benefits of Living Trusts; and Avoiding Probate is a Matter of Trust) Even if you are familiar with trusts, the difference between…
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We live in uncertain times now as we wrestle with the implications of a global pandemic, economic shutdown and try to make sense out of conflicting claims and opinions. The shutdown and uncertainty have caused instability and tension. Fake news has us doubting even the experts, but good business owners rely on experts to avoid…
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The attorneys at the Drendel & Jansons law firm continue the rich tradition of involvement in the community. Our most recent news is that Lawrence (Larry) Lobb has joined the Board of Directors of Fox Valley Food for Health. Fox Valley Food for Health is a non-profit, tax-exempt organization with a mission “to promote a…
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Just as April showers bring May flowers, every new month brings a new obligation to pay rent. The difference, presently, is we are all under a shelter in place order that requires many businesses to change operations, often resulting in decreased revenue; some businesses need to close entirely; many employees now must work from home;…
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By now most people have likely heard about the Coronavirus Aid, Relief, and Economic Security (CARES) Act and legislation that was adopted in earlier March 2020. The CARES Act’s purpose is to assist businesses with their ongoing needs in light of the significant economic disruption caused by the Coronavirus The money earmarked by this Act…
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Some significant changes affecting trusts have come to Illinois with the New Year. Effective January 1, 2020, the Illinois Trust Code replaced the Illinois Trusts and Trustees Act. One of the biggest areas of change involves the duty of a trustee to provide an accounting. One of the hallmarks of the fiduciary duty that applies…
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In October, the Drendel & Jansons Law Group was recognized and honored by the Batavia Chamber of Commerce as a 25-Year Member of the Chamber of Commerce. The Drendel & Jansons Law Group moved to Batavia in 1994 and became a member of the Batavia Chamber of Commerce at that time and has maintained membership…
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In September, the Drendel & Jansons Law Group was honored by Administer Justice with the True Justice Award for 2019. The True Justice award is given each year to a recipient who “demonstrates a heart for the weightier matters of the law – justice, mercy and faithfulness. The recipient must model true faithfulness through humble…
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