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For decades a debate raged in legal circles about which documents were better – wills or trusts. Members of the public didn’t really know the difference, but there was a perception that trusts were more complicated and expensive – and were primarily for wealthy people. Those who favored trusts told the story of Ellen. When […]

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 […]