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June, 2014 Archives

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A long-term care plan can be an important part of estate planning

Posted on June 8, 2014 //

Many people in Chicago, Illinois, may view long-term care planning as unnecessary. Unfortunately, these people may be exposing themselves to significant financial risk. The interest group AARP reports 7 out of 10 Americans over age 65 will require long-term care, and 20 percent of people in the same age bracket need care for longer than 5 years. … [Read more...]

Filed Under: Estate Planning // Tagged: , , , , , , ,

How to finance commercial real estate

Posted on June 7, 2014 //

Buying commercial real estate represents a smart investment for many business owners in Chicago, Illinois. However, obtaining financing for these purchases can be difficult, and choosing the wrong form of financing can place a significant burden on owners and their businesses. … [Read more...]

Filed Under: Real Estate // Tagged: , , , , , , ,

Establishing a power of attorney in Illinois

Posted on May 23, 2014 //

Many people in Chicago, Illinois, worry about the possibility of becoming incapacitated and incapable of looking after their own affairs. One action that can bring individuals and their families peace of mind is establishing a power of attorney. … [Read more...]

Filed Under: Estate Planning // Tagged: , ,

Which legal structure is right for your business?

Posted on May 22, 2014 //

Among all of the choices made when a business is formed, legal structure is an important decision many people in Chicago, Illinois, overlook. Legal structure determines how a business is taxed, how much liability the owners take on and even how much paperwork owners must maintain. … [Read more...]

Filed Under: Business Transactions // Tagged: , , , , , , ,

Regardless of your age, you should have an estate plan

Posted on May 20, 2014 //

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. … [Read more...]

Filed Under: Estate Planning // Tagged: , , , , , , ,

Proving cargo loss

Posted on May 18, 2014 //

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. … [Read more...]

Filed Under: Transportation Law // Tagged: , , ,

The advantages of setting up a trust

Posted on May 14, 2014 //

Many people in Chicago, Illinois, may think creating a will is enough to set their affairs in order. Although a will represents an essential starting point, people with significant assets or complicated circumstances should also consider setting up a trust. … [Read more...]

Filed Under: Estate Planning // Tagged: , , , , , , ,

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