Breach of Fiduciary Duty

Breach of Fiduciary Duty

When preparing a will, one of the big decisions is who to appoint as executor. This is the person or firm that you are putting in charge of taking your estate through a probate court. If you pass away without a will, an administrator is appointed in this role. Why is choosing this representative such  … Read more

Placing Conditions in Trust Funds

Placing Conditions in Trust Funds

There are many reasons to establish trusts when estate planning. One common reason is that the individual planning their estate has doubts about the emotional maturity or financial responsibility of their beneficiaries. This is particularly the case when it comes to children who are minors or young adults. It is difficult to believe that your  … Read more

Appealing IRS Collection Actions

Appealing IRS Collection Actions

The IRS has incredible powers to get your attention if you are delinquent in paying your tax bill. These include a federal tax lien, a levy, or a seizure of property. These actions are disruptive, inescapable, and can put your life on hold. If you find yourself the recipient of an IRS tax collection action,  … Read more

Developing a Parenting Plan

Developing a Parenting Plan

Child custody can be incredibly complex and intricate. It is so important that parents and courts develop custody arrangements that are realistic and meet children’s needs. In Illinois, these formal arrangements are called parenting plans. Under the Illinois Marriage and Dissolution of Marriage Act, a parenting plan is a “written agreement that allocates significant decision-making  … Read more

Preparing for Mediation in a Divorce

Preparing for Mediation in a Divorce

  Going to trial can be a stunningly unpleasant experience. There is a natural anxiety that comes with testifying in a courtroom. But those feelings multiply when the subject matter is a divorce. After all, the long-simmering anger between spouses is at a natural climax, the tension is palpable, and there is always a level  … Read more

President Trump’s Proposed Cuts to the IRS Budget

Treasury Secretary Supports Increased IRS Hiring New Treasury Secretary Steven Mnuchin has advocated for increased hiring at the IRS. During his confirmation hearings, he expressed concern that the IRS, a government agency tasked with collecting revenues, has seen its’ number of employees decline almost 30% over several years. He testified that he would tell President  … Read more