by Brooks, Tarulis & Tibble | Jul 13, 2021 | Business Bulletins, Trusts, Trusts & Estates
A Special Needs Trust can be established for a person with disabilities from birth, afflicted during their lives or resulting from an injury, in order to provide for their supplemental needs without forfeiting benefits provided by Social Security, Medicaid or other...
by Brooks, Tarulis & Tibble | Jun 29, 2021 | Business, Business Bulletins, Business Law, Employees, Employment Issues
As business returns from a closed or remote environment the big question employers have is can you ask your employees if they are vaccinated for COVID-19? While the short answer is yes, as always there is more to it, including: Did your business opt to require...
by Brooks, Tarulis & Tibble | Jun 15, 2021 | Business, Business Bulletins, Business Law
Even after a resolution of the Covid-19 pandemic, your business will probably not return to its pre-Covid-19 normal, especially since your business may have accommodated or adjusted to a remote work force. This decentralization means you may have to devote more time...
by Brooks, Tarulis & Tibble | May 25, 2021 | Business Bulletins, Estates, Family Law, Trusts, Trusts & Estates
The death, disability and isolation caused by COVID-19 highlighted the need for parents and children to assess whether they have appropriate authority to care for the other’s financial and other needs if one is suffering from a medical disability or following their...
by Brooks, Tarulis & Tibble | May 13, 2021 | Bankruptcy, Business, Business Bulletins
Once a business owner decides to liquidate his or her business for financial or other reasons, there are choices to be made as to the method of liquidation, including supervised liquidations: bankruptcy (Chapter 7), an assignment for the benefit of creditors (ABC) or...
by Brooks, Tarulis & Tibble | Apr 14, 2021 | Bankruptcy, Business, Business Bulletins, Business Law, Litigation
In these financially troubled times many owners are confronted with the dire choice of saving their businesses or their personal assets. Saving a business can include a reorganization. Your business can reorganize with a bankruptcy (Chapter 11) or a creditor workout....
by Brooks, Tarulis & Tibble | Apr 14, 2021 | Firm News
Brooks, Tarulis and Tibble is pleased to announce that Elizabeth Bacon has again been appointed to the Illinois State Bar Association Privacy and Information Security Law Committee for 2012-2022. The committee not only advises lawyers and legislators on the current...
by Brooks, Tarulis & Tibble | Mar 10, 2021 | Business, Business Bulletins, Business Law, Contracts, Insurance
While operating your business as a corporation or other authorized business entity provides owners, officers, directors, and employees with limited liability protection, once the business is suffering from financial distress or becomes insolvent, that protection is in...
by Brooks, Tarulis & Tibble | Feb 9, 2021 | Business, Business Bulletins, Business Law, Taxes
When confronted with overwhelming financial difficulties, owners often consider whether it is better to reorganize or liquidate their business. In making that decision, owners have many factors to consider, including: Nature of the Economy. Is there a place for your...
by Brooks, Tarulis & Tibble | Jan 11, 2021 | Business Bulletins, Employees, Firm News
It is with great sadness that we report our dear friend and partner David Wentz passed away suddenly on January 4, 2021. His passing is not only devastating to his wife Tonya and their three children, but a tremendous loss to our entire community. His tireless and...
by Brooks, Tarulis & Tibble | Dec 15, 2020 | Business Bulletins, Business Law, Employees, Employment Issues
The value of many businesses is often dependent on its employees. Retaining good employees, particularly key employees, is important to a business, as is avoiding the substantial time and cost commitment required to recruit and hire replacement employees. Some of the...
by Brooks, Tarulis & Tibble | Dec 9, 2020 | Contracts, Estates, Family Law
For aging baby boomers there are a plethora of living options from senior communities to assisted care facilities to skilled nursing homes. Each has its own benefits, costs and amenities, and are all subject to a written contract. As the services and purposes of each...
