Power in Collaboration®
RD is pleased to announce the recent appointment of Shareholder Andrés J. Gallegos as the new Chairman of The National Council on Disability (NCD), an independent federal agency charged with advising the President and Congress regarding policies affecting Americans with disabilities, and helps empower individuals with disabilities and promotes equal opportunity. The appointment was made… Read more »
RD Quarterly-2020 Issue 4 Don’t Volunteer for Trouble: Minimizing Personal Liability When Serving on the Board of Directors for Not-for-Profits COVID-19 and Powers of Attorney Business Interruption Insurance Policies-Are COVID-19 Losses Covered? Don’t Count on the Commas
The rules of proper comma use are regularly applied to determine the meaning of statutes and contracts. A recent Illinois Appellate Court decision reminds grammar buffs that not all commas are created equal. In Hatcher v. Hatcher, the Court interpreted the terms of a trust. The trust named two beneficiaries. A third person was named… Read more »
“What is the essence of life? To serve others and to do good.” Aristotle Like many members of your community, you may be volunteering for a not-for-profit organization to make a meaningful contribution and to share a passion with others. Not-for-profit organizations depend on community members to advance their missions and to dedicate time, treasure,… Read more »
I have typically written articles on the importance of having a comprehensive estate plan and having it periodically reviewed. Those of you who have followed my directions are to be commended. The COVID-19 pandemic is raging in Illinois. Hospitalized COVID-19 patients have increased from 1,400 in June 2020 to over 5,800 as of the end… Read more »
The spread of COVID-19 has severely impacted the construction industry with project delays and loss of productivity. In states that designated construction as non-essential, construction activity has ceased; in states where construction was deemed essential, contractors work under burdensome limitations and operational restrictions. Restrictions include use of personal protective equipment, social distancing restrictions, limitations to… Read more »
Cornelius F. Riordan presented at the CBA Mechanic Lien and Construction Claims Seminar discussing the topic Bond and Lien Rights on Public Projects in Illinois held December 8th. Click here to view supporting materials used in the seminar. Public Projects – Bonds and Liens.pdf
Dear Clients, Partners, and Friends, In lieu of cards or gifts during the 2020 Holiday Season, RD is making a donation to the Greater Chicago Food Depository (GCFD) on behalf of its clients, partners, and friends. As a way of giving back to local communities, RD annually holds an in-person service day with firm members… Read more »
RD Quarterly-2020 Issue 3 Commercial Loans When LIBOR Is No More Obtaining Surety Bonding In A Post-Pandemic World The New Illinois Trust Code
Illinois has revised its trust laws with a new Trust Code. The new law applies to all trusts. Here are some highlights of the Trust Code: Accounts: The trustee must deliver an annual accounting to (a) all current beneficiaries; and (b) all presumptive remainder beneficiaries. The creator of the trust (called the settlor) can limit… Read more »