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Duty to Serve Program Brings Homebuying Options to Low and Middle Income Americans

Posted on May 22, 2018 //

Owning a home is a source of accomplishment. Unfortunately, affordable homeownership remains a pipe dream for many low and middle-income Americans. Homeowners are often burdened by the weight of mortgage repayments. The Duty to Serve Program was established by the Federal Housing Finance Agency to make homeownership affordable through the introduction of more home buying options. Those who are either struggling to make their mortgage payments, or are falling behind ought to work directly with … [Read more...]

Filed Under: Real Estate //

Dying Without Direction (The Nasty Consequences of Dying Without a Will)

Posted on May 8, 2018 //

Drafting a will is arguably the most significant stage of the estate planning process and failure to create one often comes with nasty consequences. When someone dies, the assets that are left behind are typically distributed to heirs. When a will is not available, decisions about who will receive property, who will take care of the kids, and even who will execute the deceased's estate are left up to the state. Dying Intestate in Illinois For those who are thinking about a will, people who … [Read more...]

Filed Under: Probate //

Prepare An Exit Strategy Before You Sign that Contract

Posted on April 20, 2018 //

Every entrepreneur should develop an exit strategy to limit losses and ensure the business owner has the ability to sell or transfer ownership of the business should the need arise. Exit strategies are crucial if the entrepreneur wants to retire, travel, or move on to a new idea. An effective exit plan allows entrepreneurs to address problems and cleanly disentangle from their business. Basics of the Exit Strategy The three common types of exit strategies are: Strategic acquisitions; … [Read more...]

Filed Under: Corporate Law //

Asset Protection Trusts Offer Peace of Mind for Your Financial Future

Posted on April 9, 2018 //

Asset protection trusts are effective tools to protect a person's property from judgments, creditors, and lawsuits now, and in the future. Property held within an asset protection trust is not considered to be the property of the beneficiaries, so it can typically escape seizure for debt collection. Learning more about the features of domestic and offshore asset protection trusts can help ensure that an appropriate type of trust is established. The Basics of the Asset Protection Trust Asset … [Read more...]

Filed Under: Estate Planning //

Will Trump’s Infrastructure Plan Make Housing in America Great Again?

Posted on March 21, 2018 //

Trump's proposed infrastructure plan could be a game changer for America, but challenges exist that may hinder the plan from becoming as transformative as was originally envisioned. The infrastructure plan will encourage the development of advanced technology, like broadband internet, in rural communities throughout the U.S. But higher taxes to help cover the costs of the projects, increased home building and remodeling costs due to a shortage of construction workers, and swarms of new residents … [Read more...]

Filed Under: Real Estate //

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