New Employee Reporting Requirement

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~  Employers need to beware of the new requirement of the Illinois Employee Classification Act to file a report to the State Department of Labor for every independent contractor that is not incorporated or organized as an LLC. By January 31, 2015, contractors and subcontractors in the construction industry must file a report to the State…

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Estate Planning Trend (or the Lack Thereof)

The sign is a clue to what a recent article in the Trusts & Estate section of WealthManagement.com identifies as a trend away from estate planning and, therefore, toward more probating of estates. (The Shift from Estate Planning to Estate Probating)  In other words, the author believes the national trend indicates a penchant for putting off doing estate planning. The…

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New Law Makes Small Estate Administration In Illinois Easier

The handling of small estates has always been problematic. The probate process is not quick, or easy or cheap. The probate process can particularly be a burden on small estates. For years, the State of Illinois has provided an alternative mechanism for handing small estates, but the limitations excluded many estates that might otherwise qualify, making it…

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Estate Planning for Second Marriages

When people are in love, they are not usually preoccupied with death; they are focused on living. Second marriage situations, however, present issues that should be discussed and addressed, especially when there are children from a first marriage. Whether the second marriage follows a divorce or the death of a spouse, careful consideration of estate…

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