Infographics

2017’s Legal Issues Restaurants Should Note

The new administration in Washington and new legislatures across the country may soon unleash a blizzard of legislation and rules impacting the restaurant industry. Many of these changes would come in the wake of actions taken in 2016, some of which are just starting to take effect. To that end, the following are some of the things business transaction lawyers want employers to know as the year gets rolling: (Article continues below Infographic) Marijuana Medical marijuana is legal in … [Read more...]

Commercial Real Estate Risks Eyed By Federal Reserve

Chicago developers and businesses that are involved in the commercial real estate industry should be aware that the Federal Reserve is concerned that apartment towers may be the next asset-price bubble and is considering raising interest rates as a means to avoiding a burst in the sector. The Fed is reportedly concerned that continued low-interest rates might lead to investors reaching for high yields while prices remain high. A commercial real estate and business transaction lawyer believes … [Read more...]

Shoddy Workmanship Puts Buildings on Shaky Ground

Construction defects can include everything from cosmetic damage to serious structural defects that place property and lives in danger. In Illinois, individuals and their business law attorney can seek compensation for these defects. Common causes of construction defects include improper soil preparation and analysis of soil conditions, inadequate site selection and planning, as well as insufficient civil and structural engineering. Other causes can include the use of defective or deficient … [Read more...]

Millenials inherit wealth at faster rate than previous generations

Millennials are set to inherit more wealth than any previous generation and, contrary to popular misconceptions, they are also the most likely to use it well. About a third of Americans under the age 32 with $1 million of available assets to invest inherited their money. That contrasts with less than a quarter of Baby Boomers and Gen X’ers. At first, this may seem worrisome after all Millennials are the generation that grew up with an “everyone gets a trophy attitude” and who don’t understand … [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...]

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...]

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