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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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Choosing an Executor for Your Illinois Will

The executor of a will is the person legally responsible for carrying out its instructions after death. In Illinois, that means opening the estate in…
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Common Probate Myths That Cost Families Time and Money

Probate carries a reputation that often does not match reality. We hear the same worries repeated by families who are grieving and unsure of what…
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Common Mistakes Businesses Make When Facing Litigation

Most business litigation does not start with a dramatic falling out. It starts with a contract that was not clear enough, a dispute that was…
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