Law Blog
Avoiding Personal Liability for your Partner’s Actions
Whenever you are in business with another person or you employ other persons in your business, you expose your personal assets to claims by parties that may be harmed by the actions or omissions of those other people. If not addressed before the liability occurs, the...
Illinois Personnel Records Review Act
Illinois law, 820 ILCS 40 et seq., obligates employers to timely provide on the demand of any employee or a former employee within one year of termination, an opportunity to review and obtain copies of any personnel file maintained on that employee relating to his...
New Restrictions on Employment, Severance and Separation Agreements
While most employers are not obligated to provide severance to properly terminated at-will employees, no improper discrimination, contract obligations or retaliation involved, they often offer some form of severance conditioned on the terminated employee signing a...
Speedier Documents for Condominium Sales
Illinois recently addressed a persistent problem with the time and cost to obtain condominium association documents in order to complete a condo sale by amending the Condominium Property Act, 765 ILCS 605/22.1, effective January 1, 2023. The association must now...
Employment Best Practice and Protection
A recent Federal Appellate Court affirmed the lower court’s dismissal of a demoted employee’s racial discrimination and retaliatory claims against her employer and provided guidance to employers on how to avoid or win such cases. Bragg v. Munster Medical...
Personal Umbrella Policy
A personal umbrella insurance policy is a layer of coverage above your auto, homeowners and business coverage to protect your business or personal estate in the event of a catastrophic claim. It should start low enough to avoid gaps with underlying coverage and be...
Hidden Loan Provisions
Even though you may be charged by the lender for it to prepare the documents for your loan and they are presented as the lender’s standard or customary documents, beware of the hidden provisions that always benefit the lender and never the borrower. Even if the lender...
Gift Tax Exclusion
On January 1, 2023, the federal gift tax exclusion increased dramatically by $860,000.00 or $1,720,000.00 for couples, for a total of $12.06 million. This could dramatically affect your giving, funding trusts and leaving inheritances to children and grandchildren....
