Power in Collaboration®
To stay competitive and keep up with others, businesses have had to rely increasingly on electronic documents, storage, and communications. These requirements have created a volume of electronic documents that is increasing at an exponential rate. Businesses now also must make the difficult decision of what information needs to be retained, and what can be… Read more »
Shakespeare once said “neither a borrower nor a lender be.” Shakespeare obviously didn’t have a large family. If you have been able to build up a nice nest egg, you may soon find siblings, children or other members of your family and friends asking you to help them out. Before you lend a helping hand,… Read more »
ADR (Alternative Dispute Resolution) is an alternative to litigation. This article explores what it is, what it’s not, advantages, disadvantages, and whether you have a choice. After all, it is an alternative only if you have a choice. The term “ADR” refers to alternatives to the state or federal trial court system, The U.S. and… Read more »
For several decades, lawyers have been recommending to their‑clients the use of a revocable trust as part of an overall estate plan, especially for clients who wish to avoid probate and whose assets at death foreseeably could exceed the current threshold of the unified estate and gift tax credit. A typical revocable trust which estate… Read more »
No matter how great or how humble, we all need to protect our assets from unanticipated liability situations. The most common exposure most of us share is from the daily operation of our automobiles. One unfortunate automobile accident could result in liability in excess of our insurance limits, thus exposing our hard‑earned assets to the… Read more »
As is so often the case, the little things you learn from your mom and dad turn out to be right. When you were growing up, how many times did you hear “honesty is the best policy?” That is especially true if you are selling residential real estate. In Illinois, the seller of residential property,… Read more »
The Illinois Mechanic’s Lien Act provides a powerful collection tool to general contractors, subcontractors and material suppliers who provide labor or materials for the construction of improvements on private projects. It allows a contractor or material supplier to attach a lien to the improved property and ultimately have the property sold to pay the balance… Read more »
A women whose husband recently died hired DiMonte & Lizak when the executors of her husband’s estate filed an action to evict her from the home she and he lived in while they were married. Did she have the right to stay in the home or would she be evicted? DiMonte & Lizak agreed to… Read more »
The appellate court of Illinois decided three cases recently which expand the liability of the developers and directors of condominium and townhome associations to the association. It is likely that future appellate decisions will expand the liability of developers and directors of other types of property owner associations. Illinois statutes require condominium developers to make… Read more »
About 30 years ago I vowed that I would not handle any more divorce cases. I was representing a husband who was contesting his wife’s request for a divorce. Prior to trial, I had spoken to his mother who confirmed all the good things that her son said she would testify to. However, when she… Read more »