It’s important for a nonprofit to instill confidence in the people who donate as well as the people they serve. Allowing attendance at board and other meetings is a good way to accomplish this goal. Illinois, like every US state, has “open meeting” laws that apply to governmental bodies. Nonprofits … [Read more...] about Do “Open Meeting” Laws Apply To Illinois Nonprofit Organizations?
A new president brings plenty of new ideas, plans, and potential changes to existing laws that govern nearly every aspect of everyday life. While many things are said during campaigns, it’s what they do after Inauguration Day that actually counts. One rule of thumb is that when a candidate tells … [Read more...] about Review Illinois Estate Plans When New Presidents Take Office.
One of the biggest issues in estate planning is how much the beneficiaries will actually receive once probate is finally completed. For high-net estates, this can be a serious concern, leading to trusts and other instruments that take assets out of an estate for the purpose of probate. If you’re … [Read more...] about “Grantor Retained Annuity Trust” In Chicago, IL?
For most people, receiving an inheritance is a pleasant experience. It’s a final gift from a relative and can either be saved, invested, or used for something that isn’t in the current budget. Sometimes an inheritance is an unexpected surprise. However, if the recipient is on Medicaid, that … [Read more...] about How Can I Protect My Inheritance From Medicaid In Illinois?
The US has over 1.3 million nonprofit organizations nationwide and nearly 48,000 of them are in the Chicago metropolitan area. These organizations provide a variety of services that benefit members of a community in different ways. Some of Chicago’s largest nonprofits include: Lions Club … [Read more...] about Why Are Nonprofit Organizations Important In Chicago, IL?