Maintaining Control of Your Business Through Estate Planning By Alan G. Orlowsky In estate planning, there is more to do with a family business than simply create a succession plan. In fact, in some cases, over-planning a business succession can lead to younger generations or others taking control of the business way before an owner […]

IRS Raises Limit of Lifetime Gifts for 2015 By Alan G. Orlowsky Recently, the Internal Revenue Service announced an increase in the lifetime limit of tax-free transfers during life or at death. This year, the amount known as the basic exclusion was set at $5.34 million. For 2015, the basic exclusion will be increased to […]

This post will attempt to answer some of the questions we get on competence and incompetence such as: How To Prove Incompetence What Are Legally Incompetent Adults How To Declare Someone Legally Incompetent How Is Someone Declared Mentally Incompetent? By Alan G. Orlowsky Taking over a loved one’s financial affairs can be tricky. Let’s take […]

Contesting a Will in Illinois By: Alan G. Orlowsky While around 99 percent of all wills that go through probate pass through without incident, sometimes issues arise surrounding the distribution of assets or other areas within the will. When this happens, the will is deemed “contested.” Only certain people involved in the estate can contest […]