By now, you have probably set some New Year's resolutions and maybe even broken some of them. With the holidays now past and a new year in full swing, here is a list of things you should consider consulting with your lawyer about so that you have a successful and prosperous 2017:
Legal Blog of Thaddeus M. Bond, Jr. Associates
Serving Waukegan, Libertyville, Lake County, Gurnee & nearby areas of Illinois
For most people, the purchase and/or sale of real estate will most likely be the largest, most important financial transaction of their life.
Selecting a lawyer who is a good fit for you is very important. You will be addressing serious and sensitive matters and will likely be working regularly with that person for months if not years.
A new law went into effect in Illinois in 2016 which dramatically changed the way what used to be called child custody is determined. A court now makes decisions based on "allocation of parental responsibilities." One or both parents are chosen to be responsible for a child’s education, health, religion, and extracurricular activities. The terms sole custody or joint custody are no longer used.
A lot of new laws go in to effect in Illinois in 2017. Here is a summary of some of those laws which might be of interest to our clients.
Myth No. 1: Do-it-yourself or online wills are sufficient. Computer-generated forms and fill-in-the-blank templates, while inexpensive and tempting to use, can't provide the expert legal advice you need to properly plan your estate. Enlist the services of a qualified estate planning attorney, whose knowledge and experience will ultimately save your estate money and eliminate problems.
The vast majority of arms-length real estate transactions are closed by a title insurer. Title insurers have protections in place against fraud and forgery designed to prevent the wrong people from receiving the net proceeds from the sale of real estate. A good title searcher will always check if the most recent conveyance of property was insured by a known and reputable title insurer.
In adoption matters and cases involving disputed child custody, Illinois courts will often appoint a guardian ad litem. The "GAL" acts as an advisor to the judge and normally prepares a report and recommendations as to how to proceed. This usually involves interviewing the child, the birth parents and/or step parents or other custodial adult. The GAL tries to obtain as much relevant information as possible to determine the best interests of the child and the best place for him or her to reside.
Succession planning involves anticipating how you'll turn your business over to someone else when you retire, become disabled or die unexpectedly. Considerations can be quite different for a family business than they would be for a partnership or closely held corporation.
Prenuptial agreements can be vital to protecting the interests of both you and your soon to be spouse. While many couples avoid discussing this uncomfortable subject, a prenuptial agreement can become very valuable in the future. Asking your fiancée to sign a prenuptial agreement does not mean that you lack faith in the strength of the relationship. It just means that you are hoping to minimize str