February, 2019 Archives

Archives for 2019

Do You Have an LLC or Corporation in Illinois? You May Not Be Protected

Forming an LLC or a corporation protects members, investors, and their personal and family assets from liability for claims of business creditors, but the protection is not bulletproof. In some situations, personal liability for the obligations of LLCs and corporations may still exist. The Value of Limited Liability Limited liability companies and corporations shield business owners from personal liability in most situations if the business becomes liable to a third-party. Sole proprietors and … [Read more...]

Making Offers on Multiple Homes at Once

Making offers on multiple homes is a tactic used by some buyers when the real estate market is “hot,” and they are unable to secure an acceptance for their offer proceeding one property at a time. It is possible to make offers on multiple homes, but it could expose the buyer to legal and financial risks. Moreover, some local laws prohibit buyers from making offers on multiple homes at the same time. Legal Issues Some cities and counties prohibit buyers from submitting bids on multiple homes by … [Read more...]

Are You a Victim of Estate Fraud?

If an executor, beneficiary, or some other person steals estate money or assets or unlawfully sells the property of the deceased before it can be distributed to heirs, it is known as estate fraud. This crime can be committed by a beneficiary who defrauds the estate. It can also be committed by an executor who transfers assets from the estate to an entity the executor controls against the terms of the will. Depending on the acts committed, it could implicate both civil and criminal issues. Civil … [Read more...]

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