The Power of Attorney is one of the more important estate planning tools that you can have. Through this legal document, you'll appoint a person, typically a close relative, to help handle your affairs or take care of what you're not able to do (when you're not able to do it). Generally, a power of … [Read more...] about Setting Up a Power of Attorney in Illinois
5 Ways an Illinois Estate Planning Attorney Can Help
Estate planning is a fundamental endeavor that most people should consider, whether or not the plan involves a huge estate and complex finances and needs. Some estate plans can be as simple as a last will and testament and power of attorney. Either way, having a Chicago IL estate planning attorney, … [Read more...] about 5 Ways an Illinois Estate Planning Attorney Can Help
Unrelated Business Income Tax (UBIT) Issues for Chicago IL Nonprofits
When starting up a nonprofit, and getting your federal and state tax-exempt status, you may imagine that the only profits you're able to receive include donations, grants, fundraising, and more. However, this isn't always the case. Many nonprofits right here in Illinois gain income unrelated to … [Read more...] about Unrelated Business Income Tax (UBIT) Issues for Chicago IL Nonprofits
Fiscal Sponsorship for Illinois Nonprofits
Fiscal sponsorship is a fundamental nonprofit strategy that encourages and promotes nonprofit and charitable activity in Illinois. Whether you have a nonprofit idea and charitable endeavor you want to develop, or you have a 501(c)(3) public charity and you want to contribute to a project that may … [Read more...] about Fiscal Sponsorship for Illinois Nonprofits
Why Use an Estate Planning Attorney For Wills and Trusts
As a short, general definition, estate planning is the process of choosing among alternatives to ensure greater financial security during your life so that you can provide for your heirs upon your death. Typically, some of the alternatives include last wills, living trusts, health care directives, … [Read more...] about Why Use an Estate Planning Attorney For Wills and Trusts
