laywers

A power of attorney is a great option for ensuring proper management of a person’s finances when unexpected issues like incapacitation, severely disabling conditions, accidents, or other circumstances arise. While it’s difficult for anyone to imagine that a time may come when he or she will be unable to make crucial financial decisions independently, there is a possibility that such a time will come. Having a financial power of attorney in place will ensure a person is prepared for the … [Read more...]

Gift provisions in powers of attorney limit agents from making gifts if such ability is not desired. All powers of attorney should include specific gift authority clauses to provide the necessary authority to the agents. Failure to include these provisions could subject the agent to action for making an inappropriate gift or deprive the estate of property that was intended for another person or purpose. Issues with Failing to Include Gift Authority A recent court case examined these … [Read more...]

Non compete clauses can be difficult to enforce in Illinois courts. They must meet certain requirements to be considered enforceable. The courts try to balance the interests of the employee and the interests of the employer. Employee Benefit For Signing To be valid, the non compete agreement must hold value for the employee. If it is signed in order to gain employment, this is sufficient. If it is signed after the employee is already hired, they must gain something from the agreement. … [Read more...]

Of the more than 600 bills crossing the governor’s desk in 2015, several dealt with real estate issues. New programs regarding property foreclosures, fraud alert systems, and other changes went into effect as of January 1st. Both realtors and those looking to buy property should take a moment to understand the changes, some of which are listed below. Property Foreclosure Pilot Program Cook County now has a pilot program that permits documents recorded against properties in foreclosure to … [Read more...]

Business operations that rely on large trucks need a continuous action plan to reduce liability exposures. The 10,000 pound and over gross vehicle rating weight (GVWR) that defines these big trucks is also a key factor in instability and safety issues. The problems increase during severe weather and can cause serious accidents. When a heavy truck collides with a smaller vehicle, injuries, fatalities, and severe property damage are a … [Read more...]