Compare LLC vs. S-Corp for small business owners to protect your business and family. Learn about liability, taxes, planning ...

Most physicians don’t have a written plan for who takes over the practice—or how ownership transitions legally and financially. A buy-sell agreement can ensure your family receives the value of the ...

Disclaimer: This article is intended to serve as a general summary of the issues outlined therein. While this article may include general guidance, it is not intended as, nor is a substitute for, ...

The Gucci family had owned and operated the company since its founding in 1921 by Guccio Gucci. In the late 1980s and early 1990s, the brand was in trouble. The company had been struggling with ...

And the honest answer is usually: not yet. Selling a company — especially a family-owned business — isn’t just a financial transaction. It’s a major estate planning event. If your estate plan isn’t ...

Every family has different circumstances and dynamics. Irresponsible beneficiaries can be hard to plan for. Maybe you’re planning to leave everything to your children but they are still young. Maybe ...

These strategies allow assets to pass directly to your beneficiaries without going through probate. Work with a Lake County Estate Planning Attorney If you’re in Lake County, Illinois, and want to ...

Extension of Current Exemption: The Tax Cuts and Jobs Act (TCJA) temporarily doubled the federal estate tax exemption to approximately $13.99 million per individual in 2025. Without Congressional ...

The executor files the will with the probate court in the county where the deceased person lived. They also petition the court to be formally appointed as executor. The executor must notify all heirs, ...

Estate planning for dentists doesn’t need to be complicated. What happens to your dental practice—and your wealth—when you decide to sell or retire? For Illinois dentists, selling a dental practice ...

When your child turns 18, you’re still their parent—but legally, things change. Whether they’re headed off to college, traveling, or starting their first job, once they become a legal adult, you can ...