Owning your own business can be both challenging and profitable and also provides people with the opportunity to pass something on to their loved ones. Litigation, however, can quickly reduce the value of a business and in some cases, lead to the loss of the business itself. Fortunately, there are steps that business owners can […]

For most of us, choosing the simpler route is usually preferable to engaging in a time-consuming or complex process. However, this does not always translate to the estate planning process, where planning a simple estate may be easier in the short-term but cause more problems later. To learn more about the ins and outs of […]

While taxes may be the last thing on your mind when planning your estate, the reality is the repercussions of certain bequests can have significant tax-related repercussions down the road. One of the best ways to avoid a surprise come tax time is to speak with Alan G. Orlowsky, an experienced Chicago estate planning lawyer […]

When a person passes away with a will in place, his/her assets will be distributed according to that estate plan. However, administering these bequests does require the help of an executor, who is also usually named in the will. While these individuals owe a fiduciary duty to the beneficiaries of the estate they administer, an […]