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About Illinois Business Formation part 3

How Does the Probate Process with a Will Differ from the Intestate Probate Process? If a decedent dies intestate (without a will), the property will be distributed to the beneficiaries according to state law. If there are no relatives, the property will go to the state. If minor children are impacted by the decedent’s death, a guardian ad litem will be appointed to determine guardianship issues. Additionally, intestate probate proceedings are public proceedings, with all information publicly … [Read more...]

Regardless of your age, you should have an estate plan

Most people, if not all, can benefit from having rules and parameters in place for others to follow at the time of their death. These rules are called estate plans. While creating such a plan may be an uncomfortable thing for many to attempt and deal with, it is a vital part of maintaining one’s assets and preparing for the future. Regardless of a person’s age or wealth, these plans can make a big difference in how their loved ones fare when they pass away. … [Read more...]

Adhering to The Illinois Vehicle Code for commercial vehicles

In 2010, The University of Illinois at Chicago released its annual report on traffic stops in Illinois. The report stated that over 2.3 million traffic stops were made in the state. About 20 percent of those stops were for equipment issues such as a non-working taillight, window tint that was too dark or the vehicle was in violation of the state’s code. For owners of commercial fleets, an equipment violation could mean thousands of dollars in fines, the necessity of pulling the vehicle … [Read more...]

Proving cargo loss

Shippers in Chicago experience the financial sting of potential loss when their cargo does not arrive at its final destination or if it arrives damaged. State and federal law find that cargo companies are liable for most losses and they must pay to replace the items at full market value, unless the shipper agreed to a lower value for the load before the loss was sustained. In certain instances, however, carriers may claim that the cargo loss was out of their control in an attempt to reduce or … [Read more...]

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