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  • The Element Of Surprise: How To Avoid Drama Upon A Family Member’s Death

    on October 4, 2018


    By Joe Busnengo, Attorney At
     Law



    How do families go from being close-knit to not speaking to each other ever again? It can happen more often than you think after a family member passes away – but at the same time, it may be just as preventable if the right steps are taken while that family member is still alive. » Read More
  • Separated From A Spouse: What’s It Mean For Estate Planning?

    on September 26, 2018

    By Joe Busnengo, Attorney At Law



    When you’re newly separated from a spouse, what are the implications for any estate planning decisions you’ve made as a couple? 

     

    » Read More
  • Choosing Your Successor Wisely: Who’s Taking Over And How?

    on September 5, 2018


    By Adam Gurney, Managing Partner
     





    What happens to your small business after you’re suddenly no longer actively involved in it? Who, if anyone, is primed to step up and step into your shoes? It’s a scenario that most business owners know they should address at some point or another, but all too often put off until tomorrow – followed by many more tomorrows.

    » Read More
  • Foreclosure Defense: Understanding The Options Of Where To Go From Here

    on June 20, 2018

    By Adam Gurney, Managing Partner

    Most of us living in the United States have grown up with a vision of the “American Dream.” While this may look a bit different to many individuals, there tends to be one common element: Homeownership. We work for the majority of our adult lives to give ourselves or our families that dream home – whatever it may look like.

    But life takes twists and turns we can’t necessarily plan for. Whether it’s a loss or change of job, childcare or medical expenses, divorce or simply a change in the marketplace, there’s a number of reasons one could fall behind on their mortgage payments. Once that happens, it can be difficult to get back ahead and can result in foreclosure.

    It’s unfortunately not uncommon, but it is nerve-racking. As challenging as foreclosure can be, a game plan can help the process run as smoothly as possible, minimizing stress and saving valuable time.

    » Read More
  • Executors Behaving Badly: 6 Pitfalls for You to Avoid

    on June 6, 2018

    By Joe Busnengo, Attorney At Law


    You’ve just been named the executor of an estate. Can someone in your position get themselves into real trouble? Well, quite frankly, yes. If you mismanage an estate, whether intentionally or not, there are consequences to an executor behaving badly and they aren’t often pretty. 

    That’s what today’s blog post is all about – addressing the pitfalls with being an executor that can occur if you don’t know what to watch out for. However, if you know what to avoid, you can keep the process steered in the right direction.

    » Read More
  • Debt Dies With You? No. Here’s How to Plan Wisely.

    on June 6, 2018

    By Joe Busnengo, Attorney At Law


    There’s an assumption I often hear that when people with any outstanding debt pass away, that debt will die with them. It’s a nice enough idea, but it’s simply not true. Debts most definitely do not die once the owner of that debt dies.

    » Read More
  • Should Funeral Planning Be Part of Your Estate Planning Too?

    on June 6, 2018

    By Joe Busnengo, Attorney At Law




    “He wanted to be cremated and have his ashes scattered. He told me as much.”

    “No, he didn’t! He wanted a traditional burial in his hometown where he grew up.”

    “Who told you that? He hasn’t been back there in 50 years. He needs to be buried in the cemetery here in town with the rest of his family.”

    Whenever we’re going through the process of estate planning, we often think about who is going to raise the children if you happen to pass before they reach an adult age or how your assets are going to be properly distributed. What people rarely think about during this process is about is the funeral itself, the expense involved with it and deceased’s true wishes for burial or cremation.

    Let’s tackle these issues head on so that none of them fall through the cracks in your thought process.

     

    » Read More
  • Divorce And Estate Planning: What Changes Things From Here?

    on April 19, 2018

    By Joe Busnengo, Attorney At Law



    In our previous blog post, we discussed the implications of marriage on estate planning. Our follow-up post here focuses on when things with the first marriage don’t work out and end in divorce. What are the consequences to your estate plan in that event? We’ll also talk about what could happen with your estate plan if you remarry, including what your new spouse may and may not be likely entitled to.

    » Read More
  • I’m Getting Married – How Does This Impact My Estate Plan?

    on April 19, 2018

    By Joe Busnengo, Attorney At Law


    Any time you have a substantial change in your life’s circumstances, whether that be marriage, divorce, the birth of a child, moving to another state or something else, it’s a good idea to sit down and review your estate plan with an attorney.

    In this blog post, we’re going to focus on marriage as it relates to estate planning and what the implications of saying, “I do,” might be down the line for you and your spouse.

    » Read More
  • Who Will Take Care of Your Kids? A Guardianship Primer for Parents

    on February 5, 2018

    By Joe Busnengo, Attorney At Law


    Let’s face it. You were probably on your way to going somewhere with your spouse when a rather unpleasant thought popped into your mind:

    What if something happens to both of us unexpectedly during a trip or morning commute and we pass away? Who’s going to look after the kids? We talked about it but…what if? Shouldn’t we put something down on paper already?”

    The answer is: Well, yes. Absolutely. You should put that down on paper – but not without some careful thought.

    » Read More
  • Understanding The “Keep Chicago Renting Ordinance” (KCRO)

    on January 24, 2018

    by Adam Gurney, Managing Partner


    When renters in the city of Chicago are living in properties lost to foreclosure, there are specific protections put in place for them under the "Keep Chicago Renting Ordinance ("KCRO")."

    What is KCRO and how might it apply to you if you’re a tenant or owner?

    Let’s take a closer look together so you fully understand the implications of this ordinance, no matter which side of the owner-tenant relationship you’re on.

    » Read More
  • 6 Big Factors You Need To Know About The New Tax Law Right Now

    on January 24, 2018


    Guest Post from Tom Pierce, 
    Audit and Tax Accountant

    Ostrow Reisin Berk & Abrams, Ltd.


    We’re entering a “busy season” for all CPAs, but this year is already bringing about a different kind of busy beyond tax return preparation. Thanks to the new tax bill that’s been passed in Washington, our firm is spending a lot of time answering questions from both homeowners and business owners – the most common is,“What does this tax reform really mean for me?”

    That’s why I’d like to take some time to highlight the most important changes that may potentially impact you going forward.

    » Read More
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