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Federal Expansion Plans Stir Chicago Concerns

Federal immigration policy and local governance collided this week as Homeland Security Secretary Kristi Noem announced that the Trump administration plans to purchase additional properties…
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Northern Trust Merger Raises Local Concerns

Talk of a potential merger between Northern Trust and Bank of New York Mellon has stirred concern across Chicago’s financial and business communities, with many…
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Pooled Special Needs Trusts Explained

A pooled special needs trust is a type of trust managed by a nonprofit organization that combines the assets of many beneficiaries into one large…
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Why Wills Get Challenged In Court

You've done the responsible thing. You created a will, signed it, and put your affairs in order. That should be enough, right? Not always. Wills…
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Assets That Should Stay Out Of Your Trust

Creating a living trust is a smart move for many Illinois families who want to avoid probate and maintain privacy in their estate planning. But…
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What Is A Qualified Personal Residence Trust

A Qualified Personal Residence Trust, or QPRT, is an irrevocable trust that holds your primary residence or vacation home for a specified number of years…
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When Trustees Mismanage Trust Assets

Trust mismanagement can devastate beneficiaries who depend on those assets for their financial security. I've seen it destroy families and drain estates that took generations…
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What Can Special Needs Trusts Buy

Most families don't realize how much flexibility they actually have with special needs trusts. The trustee has broad authority to spend money on things that…
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How Living Trusts Bypass Probate

Probate is the court-supervised process of distributing a deceased person's assets. It can drag on for months or even years. Families often spend thousands of…
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Non-Compete Clauses In Business Sales

You've found the right business to buy. The numbers look good, the customer base is solid, and you're ready to move forward with the acquisition.…
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Why Courts Invalidate Wills In Illinois

You write down your wishes, you sign the document, and then Everything's settled, right? Not quite. Probate courts reject wills far more often than most…
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Northbrook Bank Plans New Wheeling Branch

Northbrook Bank & Trust has announced plans to expand its footprint by opening a new branch in Wheeling, signaling continued growth and confidence in the…
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