The IRS has started asking for minutes of board meeting during the first phase of an audit. They are currently seeking information on how focused the board is on the mission compared to finances and other matters. Of course, you can't go to a board meeting without spending a little bit of time on … [Read more...]
Setting up Healthcare Directives in Glenview, IL
No matter what age you are, there may come a time when you are unable to make your own decisions about your healthcare. This is particularly true when you are in an emergency situation, such as a car accident or other unexpected situation where you are at the mercy of another person’s … [Read more...]
What Happens If The Beneficiary Of An Educational Trust Doesn’t Go To College?
Providing for your children, grandchildren or other young relative’s education is another way to provide for your family after you’re gone, as well as create another trust for your estate plan. These trusts aren’t traditional trust funds, but a 529 college savings plan to be used for educational … [Read more...]
What Information Do You Need To Begin Forming An Estate Plan?
The first step of forming your estate plan involves one thing: getting started. You may be avoiding it because you feel overwhelmed. But like any big project, you have to start somewhere. In the end, you’ll have a thorough, complete estate plan that will protect your interests, follow your wishes, … [Read more...]
Do You Need to Register In States in Addition to Illinois?
If you are a non-profit organization and solicit donations in other states, you need to register your organization with that state. This is an often-overlooked regulation when soliciting donations. If you don’t register with the state where you are soliciting donations, you do so at your … [Read more...]