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Joliet Alumnus Establishes Charitable Trust Provided By: Alan G. Orlowsky The Joliet Township High School Alumni Association named Gary Lichtenwalter as its 2015 Distinguished Alumnus at the district’s Salute to Service Partnership Recognition event in May. As an alumnus, Mr. Lichtenwalter has established a charitable remainder trust aimed at providing Joliet high school students the […]

Anyone Could Have Special Needs Provided By: Alan G. Orlowsky A special needs trust is specially designed to hold the inheritance of a beneficiary, and to be used for needs above and beyond those covered by government programs. These trusts contain instructions that allow the Trustee to meet the needs of the beneficiary, but prohibit […]

Estate and Gift Tax – Is your IRA Protected from Creditors? Provided By: Alan G. Orlowsky When we talk about Estate and Gift Tax and the world of asset protection, it has long been believed that retirement accounts, including Individual Retirement Accounts (IRAs), are not subject to the claims of creditors. However, a recent ruling […]

Ugly Estate Battle in Chicago Elite’s Family Provided By: Alan G. Orlowsky John Podmajersky Jr. is synonymous with the Pilsen neighborhood in Chicago. Starting in the 1950s, he began buying real estate in the area, and at 92 years old, Mr. Podmajersky is the largest landlord in the area with over one hundred properties. Unfortunately, […]