Choosing the Best Tax Entity for Your Business
business formation
Posted January 10, 2022

When you are looking to form a business, one of the biggest decisions for you to make is what kind of business entity you will choose. A lot of factors go into this decision, and for the most part, no one type of business entity is better than another. It’s more a matter of what […]

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What are the Chances of Successfully Challenging a Will in Illinois?
contesting a will
Posted December 28, 2021

When a will is drafted, and there are a lot of possible beneficiaries or people who stand to inherit something from the will, there is often a disappointment. That’s because sometimes, there just aren’t enough assets in the estate for every beneficiary to get everything that he or she wants. Other times, personal conflicts result […]

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How to Declare Someone Incompetent in Illinois
declare someone incompetent
Posted December 07, 2021

For almost everything in the law, competency is required. Competency doesn’t mean that a person is educated, or that they have a high IQ. It just means that a person can rationally appreciate what they are doing. Competency is required to enter into contracts, give testimony in court, or get married. Competency and Estate Laws […]

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The Illinois Gift Tax and How Proper Estate Planning Can Reduce It
Illinois gift tax
Posted November 08, 2021

Estate planning is essential, and something that everyone should consider doing. Because life can be unpredictable, there is no dedicated age or amount of wealth that a person has as a limiting factor with regard to the distribution of their assets when they pass on. Proactively working out the details of one’s wealth can help […]

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