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June, 2016 Archives

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Archives for June 2016

Your Rights as a Commercial Tenant In Illinois

Posted on June 27, 2016 //

When entering into a commercial lease in Illinois, understanding the terms of the lease agreement is essential to protect tenant rights. As a business transaction lawyer knows, a commercial landlord must uphold the contractual duties outlined in the lease, but landlord liabilities are not always clearly outlined. According to Illinois laws, basic tenant rights in a commercial lease differ from those in a residential lease. The most basic statutory landlord duties are not automatically … [Read more...]

Filed Under: Business Transactions //

The Benefits of a Living Trust

Posted on June 25, 2016 //

Estate planning is a careful mixture of planning for present and future needs. People who put too much of their assets away in a trust may lose the ability to support their lifestyle. People who don’t plan sufficiently may end up paying significant sums in taxes. Living trusts are an estate planning tool that is critical to ensuring that future planning does not detract from present needs. Estate Planning Generally There are two tools that people use to plan their estate the will and the … [Read more...]

Filed Under: Estate Planning, Probate //

The Presumption of Revocation in Illinois

Posted on June 22, 2016 //

As the world progresses through the digital era, an increasing number of files and important documents are being copied and stored paperlessly. While this might seem like a more organized, safer and more efficient means of preserving paperwork, providing a digital copy may not be legally sufficient for estate documents- namely wills. In fact, an Illinois probate attorney cannot stress enough the importance of properly storing all original estate planning documents. Unfortunately, original … [Read more...]

Filed Under: Probate //

Environmental Regulations Impact Small Businesses

Posted on June 20, 2016 //

Illinois small business owners are required to comply with certain environmental regulations and failure to do so can lead to fines and legal action. Unfortunately, not all small business owners are aware of or understand the regulations that they are responsible for complying with. Small Businesses and Environmental Regulations It’s not only businesses that provide automotive, agricultural chemical services that should be aware of federal and state environmental regulations. Small businesses … [Read more...]

Filed Under: Business Transactions //

Independent Contractors & the Law

Posted on June 15, 2016 //

The number of independent contractors in America will continue to increase as businesses seek ways to streamline operations and remain competitive. In 2006, the Department of Labor stated that 42.6 million of Americans, or 30% of the workforce were classified as independent contractors. It is estimated by that 2020, nearly 60 million people, or 40% of Americans will be classified as independent contractors. However, a business must be careful not to mischaracterize a worker as an … [Read more...]

Filed Under: Commercial //

What Businesses Should Know About the Three Day Right to Cancel Law

Posted on June 2, 2016 //

Business owners in Illinois should understand which transactions consumers have the right to cancel within three days. What Business Owners Need to Know Starting a business in Illinois requires owners to navigate their way through a series of complex paperwork. Many people are aware of the three-day right to cancel laws, but not everyone understands that it does not apply to all transactions. In fact, it only applies to the following: Door-to-Door Transactions In Illinois, the … [Read more...]

Filed Under: Commercial //

Who Can Be Held Liable for Toxic Mold

Posted on June 2, 2016 //

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. There are a number of factors that should … [Read more...]

Filed Under: Real Estate //

Four Ways To Avoid Complicated Probate Hearings

Posted on June 2, 2016 //

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...]

Filed Under: Probate //

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