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What Members Actually Owe Each Other

Business partners forming an LLC together often assume good faith and fair dealing go without saying. Illinois law backs that assumption up with specific legal…
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Illinois Business Law Changes That Belong on Your Board Agenda

If your company operates in Illinois, several obligations shifted on January 1, 2026, without much fanfare. No single change dominated the headlines, which is part…
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The Step That Actually Avoids Probate

Signing a revocable living trust document feels like the hard part is finished, but an unfunded trust does almost nothing to avoid probate. Understanding what…
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What an SBA Loan Requires From Business Buyers Before Closing

If you are buying a company with SBA financing, the purchase agreement is only part of what has to come together before closing. The program's…
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Why Most Estates Skip Court Entirely

Administering an Illinois estate does not automatically mean regular court appearances and judicial sign off on every decision. Most estates today move through a streamlined…
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How Married Couples in Illinois Use Credit Shelter Trusts to Avoid Estate Tax

If you have followed the recent talk in Springfield about raising the state estate tax exemption, it is worth knowing what the current rules actually…
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The Clause That Decides Where You Get Sued

A contract signed months or years before a dispute arises can quietly determine which state's courts will ultimately hear the case. Illinois generally enforces these…
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Why Some Disputes Belong In Contract Court

A business deal that falls short of expectations feels like it should support whatever legal theory gets the best result. Illinois law draws a firm…
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Rising Home Values and Your Estate Plan

Home values across the North Shore have climbed sharply, and Northbrook sits right in the middle of that trend. For many families, the house is…
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How Charitable Remainder Trusts Work in Illinois

A charitable remainder trust, commonly called a CRT, is an irrevocable trust into which a grantor transfers assets, typically appreciated property or investment securities. The…
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When an Estate Holds Hard to Sell Property

A recent Chicago news story offers an unlikely lesson for anyone settling an estate. The city's attempt to auction off a large collection of vacant…
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Illinois Estate Tax After the 2026 Change

For several years, estate planning in Illinois came with a countdown. The federal estate tax exemption was set to fall sharply at the start of…
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