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July, 2015 Archives

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Archives for July 2015

Be honest when discussing your children’s inheritance

Posted on July 29, 2015 //

When a Brooklyn art collector died, he left seven Monet works of art to his son. According to JP Updates, the son was supposed to keep one painting and distribute the rest among his six siblings. However, the son fell ill and struggled financially, resulting in a multi-family dispute over the paintings. Any Bensenville estate planning lawyer would know that leaving property to people with the intention of having them distribute it to others leaves room for uncertainty. Discussing plans for … [Read more...]

Filed Under: Estate Planning //

Selling your home? Change the interior wall colors

Posted on July 26, 2015 //

People selling their homes in Illinois should heed the advice of professionals when it comes to setting a price and clearing out the clutter. According to Consumer Reports, painting interior rooms is also a key part of moving the property quickly. The organization reports that investing a little bit of money can generate up to a 3 percent return. There are several considerations for those ready to pick up a brush. As any Elk Grove Village real estate attorney knows, the color and type of … [Read more...]

Filed Under: Real Estate //

3 qualities to look for in your managers

Posted on July 24, 2015 //

“People don’t leave jobs, they leave managers” is a saying that many Illinois business owners are familiar with. According to Forbes, many employees will abandon positions with large salaries, competitive benefits or opportunities for advancement due to issues with their managers. As any business lawyer understands, poor management can also expose businesses in Arlington Heights to disputes or legal issues. It is essential for business owners to reduce the risk of these outcomes by making … [Read more...]

Filed Under: Business Transactions //

Should you hire family members to work for you?

Posted on July 22, 2015 //

As most business owners know, bad hiring decisions can have steep costs. According to Forbes, replacing a bad hire can cost 30 percent of that person’s yearly salary. Poor hiring decisions can also adversely affect productivity and morale. To avoid these issues, many business owners may consider hiring family members. However, as any attorney knows, this approach can offer drawbacks that business owners in Illinois should understand beforehand. Potential benefits Familiarity is a factor … [Read more...]

Filed Under: Business Transactions //

Shipping freight rates continue to fall

Posted on July 20, 2015 //

The shipping freight industry is filled with boom and bust cycles, and 2015 is experiencing one of the most severe busts in memory. Rates that were skyrocketing on a daily basis in 2008 are now so low, boats are not even able to make up their daily expenses. A transportation lawyer understands that these cycles are natural, but can be incredibly devastating for those who face losing their Chicago businesses while waiting for the market to turn. Why it is happening According to the Wall … [Read more...]

Filed Under: Transportation Law //

Transportation companies propose longer trucks to meet demand

Posted on July 18, 2015 //

A federal bill currently up for vote before the U.S. Senate includes a provision that would allow bigger trucks to occupy the nation’s roads. While the bill is facing some opposition, carrier companies are generally being positive about the potential effects this new truck size may have on their ability to meet growing demand in the market, if adopted. A transportation law attorney may recognize the huge impact this could have on the industry. The proposal The Herald-News reports that … [Read more...]

Filed Under: Transportation Law //

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