Legal Blog of Thaddeus M. Bond, Jr. Associates

Serving Waukegan, Libertyville, Lake County, Gurnee & nearby areas of Illinois

December 26, 2017

The State of Illinois passed legislation on December 20, 2017 which became effective immediately and significantly reduced the fees which must be paid to set up and maintain a limited liability company with the Secretary of State's office.  The fee to file articles of organization was reduced from $500 to only $150.  The fee to file an annual report was reduced from $250 to only $75.  These fees are more in line with those charged in other states as Illinois was charging some of the highest rates in the nation.

December 19, 2017

Illinois statutes no longer use the term child custody but it is a commonly understood phrase.  Instead of awarding custody, courts now delineate decision making responsibility in regards to such issues as education, primary residence, health care, extracurricular activities and religion.  Most of the time, these issues are resolved as part of divorce proceedings.  However, in many cases, the parents of the child have never been married so custody related issues are determined as part of a parentage case.  In some cases, people other than a parent might seek some form of custody of a child.

December 14, 2017

November 28, 2017

Getting divorced can be very stressful.  Among the many issues you will have to deal with is payment of attorney's fees.  Prospective clients frequently ask us how much they can expect to spend.  The answer is rarely simple.

November 02, 2017

We are a landlord’s rights firm, choosing to represent only residential property owners and not tenants (we do represent commercial tenants).  A frequent mistake that we see is landlords failing to renew their leases in writing at or prior to the time they expire.  When they have a good paying tenant, many landlords want to avoid causing problems by simply letting the tenant continue under the terms of the written lease as they currently exist.

October 25, 2017

When most people think of lawyers, they assume they spend a lot of their time in court, litigating disputes on behalf of their clients.  In reality, a great deal of the practice of family law involves non-litigated resolution of disputes.  Approximately 95% of all civil cases are settled and do not make it all the way to a trial.  Our attorneys always try to negotiate with opposing counsel to see if the dispute can be settled on mutually agreeable terms.  Such resolutions save the parties money, time and the stress of being in court. 

October 13, 2017

In today’s video blog, attorney Ted Bond, Jr. discusses using Cash For Keys to resolve mortgage foreclosure, tenant eviction and property tax foreclosure cases.


October 06, 2017

It could take only a few months if you and your soon to be former spouse agree on everything, possibly after voluntarily participating in mediation, and/or there are no minor children and/or not a lot of assets to split up.  It could also take many years if the marital estate is complex and/or there are issues relating to parenting responsibilities and child custody. 

October 02, 2017

Effective January 1, 2018, a new Illinois law will take effect which substantially changes legal requirements for selling real estate via installment payments, generally known as a contract for deed.  The law does not apply to agricultural property or property over 4 acres.  It also does not apply  to any individual who sells less than 3 properties on installment contracts in any 12 month period.

September 30, 2017

Recently received this announcement from the Lake County Recorder of Deeds: