During the course of your estate planning, setting up a living trust (or two) may be an integral part of your overall plan. It’s a relatively safe, easy way to cover asset distribution without the time and expense of probate court for your family and beneficiaries. Plus, you keep your property while … [Read more...]
Overall Giving Declined in 2018 According to Giving USA
By James Provenza Giving USA has issued its annual report for giving, and the news for 2018 was somewhat troubling. Overall giving was down 1.7% from 2017. We suspect there are several reasons for … [Read more...]
What is “Charitable Trust Doctrine” in Chicago, IL?
When you give to a nonprofit for the purpose of continuing its good work, especially as part of your estate plan, how do you know it will be used as you intended? business people handshake with laptop computer and clipboard on desk after finishing up a business meeting contract in office … [Read more...]
Benefits Of Having A “Power Of Attorney” In Estate Planning
A power of attorney (POA) is a document that gives another person the legal ability and permission to represent you in different legal and medical matters. You’ll appoint an agent, who will handle matters on your behalf if you are unable to. The agent acts on your behalf and in your best … [Read more...]
Does A Nonprofit Need Bylaws In Chicago, IL?
Starting a nonprofit requires a wide range of legal and managerial tasks before it can open its doors for business. From the inception of an idea through opening day, a nonprofit must: Lawyer working with documents. Justice and law, attorney, concept. Man signing contract papers Choose an … [Read more...]