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What You Should Know About Estate Tax in 2020

A dummy standing in front of a big red 3D tax word Understanding how the state’s estate tax requirements may impact their families and estates upon their deaths may help guide people’s estate planning choices. Whether preparing for their retirement and potential needs as they age or focusing on ensuring their families’ financial security after their passing, people must consider several factors when developing their estate plans. The state’s estate tax requirements may take assets from those … [Read more...]

ADA Rules Extend to the Digital Realm

A man writing "know the rules" on a paper Under the rules outlined in the Americans with Disabilities Act, certain businesses and other organizations must make their websites accessible to people with disabilities. Established in 1990, the ADA aims to ensure people with disabilities, including those with hearing, vision, and physical impairments, have the same opportunities as anyone else. As the internet has taken on a critical role in the everyday lives of people throughout Illinois and the … [Read more...]

Can I Exclude My Spouse from Inheriting My Estate While My Divorce Is Pending?

Writing testament my last will on a paper with several $100 dollar bills People in Illinois must take action to exclude their spouses from inheriting their estates if death precedes the finalization of their divorces. Many married people name their spouses as a sole or partial beneficiary of their estates when creating their wills. Only the final divorce or annulment order or a revised will can revoke bequests to the surviving spouse. Surviving spouses who are disinherited will still have the … [Read more...]

Five Reasons Every Startup Needs a Business Plan

Hand holding a business plan board A business plan offers several benefits to startup companies in Illinois. Business plans are written documents that provide a description of a company’s business, goals, the intended methods for achieving the specified targets, and the time frame for reaching the stated goals. Business plans also often include details regarding the company’s funding and financial projections. 1. It Serves as an Operational Blueprint Nailing down the big-picture issues … [Read more...]

Is Settlement Planning Right for You?

Plan word 4 characters are written on each woodblock Settlement planning helps Illinois residents who have already received or are expecting to receive a large settlement meet their immediate needs, preserve benefits, and maintain their wealth to take care of future expenses. What Is Settlement Planning? Settlement planning helps people preserve the funds received through a personal injury judgment or settlement or via inheritance. This multi-disciplinary approach combines services … [Read more...]

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