Avoid Probate If you have assets valued at more than $100,000, or include real estate, that are not in trust or other instrument which avoids probate, then in Illinois then your estate will need to go through probate proceedings. Probate is the process for your estate...
Shortly after filing a trademark application, with the United States Patent and Trademark Office (USPTO) or with another non-US, government trademark agency, a growing number of our clients inevitably receive one or more official-looking letters or invoices seeking...
If you are an owner of a multi-member LLC and being taxed as a partnership then it’s time to revisit your Operating Agreement. Not sure if you are taxed as a partnership? Most LLCs with more than one partner are. Bipartisan Budget Act of 2015 (BBA) You may be...
Will vs. Trust Which One is For Me? A common question in estate planning is do I need a Will or a Trust. The simple answer is, it depends on what you want to accomplish. Below we review the differences between a Will and a Trust and the benefits of each. What Does a...
Many people sign an Estate Plan and then lock it away in a drawer and never look at it again. But every good Estate Plan needs consistent review to make sure it’s up to date with your current needs and current laws. Now is the time to take that Estate...
Your Non-Profit Deadlines are Approaching Federal Tax Filings It’s time to contact your accountant to be sure your federal tax return is filed properly and on time. Most Non Profit Tax Returns are due by May 15th. If your gross income is $50,000 or less you...
