June, 2016 Archives

Archives for 2016

Who Can Be Held Liable for Toxic Mold

Toxic mold infestation has been an area of concern for property owners and tenants for a number of years. While mold can pose a significant threat to the health of individuals who are exposed to its harmful spores, and property damage can be considerable, many individuals feel forced to remain living in their infested homes, simply because they don't know where to turn, who can be held liable, or how to get out of a legal lease or purchase contract. … [Read more...]

Four Ways To Avoid Complicated Probate Hearings

In Illinois, parents have several options to transfer assets upon death without going through a lengthy probate process. A probate attorney will use one of four routes to protect property from long probate battles. … [Read more...]

Is Your Non Compete Clause Enforceable?

Non compete clauses can be difficult to enforce in Illinois courts. They must meet certain requirements to be considered enforceable. The courts try to balance the interests of the employee and the interests of the employer. … [Read more...]

Estate Planning: Providing For Adult Children With Disabilities

Adult children with disabilities present some unique estate planning challenges. If these children simply inherit their parent's assets, it can disqualify them from Medicaid or disability. Creating a supplemental trust can help avoid this issue. Even $2,000 can jeopardize a disabled person's eligibility for certain programs. … [Read more...]

Is Chicago a Profitable Place to Start a Small Business?

Small businesses in Chicago face operational challenges that include high taxes, a slow economy, and budgetary problems in the state capital. According to an Illinois business law attorney, Chicago can be a profitable place to start a small business if entrepreneurs are willing to navigate the challenges. High Taxes One of the biggest hurdles facing small businesses in Illinois is high taxes. According to a recent article, The State of Small Business: Illinois, entrepreneurs regard high … [Read more...]

Commercial Real Estate Trends You Should Be Aware Of

Throughout the past 3 decades, the commercial real estate industry has gradually evolved into an impressive enterprise filled with complex and global portfolios that make up a whopping 10 percent of institutional investments, equaling an estimated $6.7 trillion. … [Read more...]

Why you need to update your estate plan

You've taken the time to plan for the future and create your estate plan. After working with a Chicago estate planning attorney to make sure all assets are accounted for and all contingencies are covered, you're feeling the satisfaction of a job well done. … [Read more...]

How you can defend an eminent domain action

The activist group Castle Coalition gives Illinois a D+ rating when it comes to protecting property owners against eminent domain. That doesn’t mean there aren’t defenses available, as it is often possible to beat eminent domain with the help of an Illinois real estate attorney who specializes in eminent domain defense. … [Read more...]

New Regulations Affect Illinois Realtors in 2016

New Regulations Affect Illinois Realtors in 2016 Of the more than 600 bills crossing the governor’s desk in 2015, several dealt with real estate issues. New programs regarding property foreclosures, fraud alert systems, and other changes went into effect as of January 1st. Both realtors and those looking to buy property should take a moment to understand the changes, some of which are listed below. … [Read more...]

Digital Property Creates New Questions In Estate Planning

Estate attorneys are facing a new and difficult challenge: the division and distribution of digital assets after death. Illinois is one of many states struggling to draft legislation to protect digital property for intestate estates, but 2015's Senate Bill 1376 faced significant opposition from online companies. These companies argue opening digital assets to an estate violates the original property holder's right to privacy, and is therefore impermissible. … [Read more...]

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