In the United States, estate tax portability benefits married couples with larger estates. Though the concept of portability may seem complicated at first, understanding how to take advantage of it could save your family thousands on estate taxes. The Basics Read More….
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Starting College Savings Plans for Children: What You Need to Know
If you would like to start college savings plans for your children, now is the time to get started. You have a few options for where to place your money, including a 529 plan or a trust. What Is a Read More….
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How Does Real Estate Ownership Affect Estate Planning?
When you own real estate, that ownership could affect your estate planning in unexpected ways. The legal method by which you have title to the real estate matters, as does how you plan to distribute the property in your plan. Read More….
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You Already Have a Will. Do You Need More Estate Planning?
If you already have a will, you may think that you do not need more estate planning. Often, this is not the case. Additional estate planning can help you reach different goals and gain more peace of mind. Doesn’t Your Read More….
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Basics of Estate Taxes for Illinois Residents
As an Illinois resident, your estate could owe estate taxes to both the IRS and the state of Illinois if it has a large enough value. People who own highly valued real estate or who have significant assets should learn Read More….
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Do You Need a Lawyer to Help You Make an Estate Plan?
If you are thinking about making an estate plan, you might wonder if you really need a lawyer. You may have heard that you can download a will or trust from the Internet, sign it, and have an estate plan Read More….
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What Is a Pour-Over Will, and Do You Need One?
A pour-over will helps many people have peace of mind that after they are gone, their chosen relatives or friends will be protected. This popular and easy to create estate planning structure “pours over” all or some of your assets Read More….
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How Debtor & Creditors Can Protect Their Assets From Dishonest Clients
Aggressive litigation for lenders Whether you’re a creditor or a debtor, you hold protected rights under federal and state law. The Law Office of Andrew Szocka helps clients act on those rights and receive the proper justice. We serve clients entwined in Read More….
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Plan Your Estate Now, Avoid Conflict Later
Indeed, estate planning isn’t the most captivating field of law. Most people don’t want to consider the idea of passing away; it’s a difficult subject to address with one’s family as well. Still, estate planning is very important and will protect you Read More….
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What Is a Trustee’s Job in Illinois?
Trustees in Illinois have certain duties and responsibilities specified by law. As a trustee, trust creator, or beneficiary, understanding a trustee’s job will help you better understand how trusts work. What Is a Trustee? A trustee manages and controls all Read More….
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Will the New Federal Estate Tax Laws Affect Your Estate Plan?
You may have heard that some of the tax laws changed starting in January 2018, but you may not know how the changes will affect your estate plan. The Tax Cuts and Jobs Act made several key adjustments to the Read More….
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Advance Health Care Directives in Illinois
In Illinois, you can sign several different types of advance health care directives. These documents allow you to specify who could make decisions for you if you were incapacitated. The types of directives include a health care power of attorney, Read More….
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What Is a Revocable Living Trust in Illinois?
An Illinois revocable living trust can help you preserve assets and pass them down to relatives. This very popular estate planning structure is easy to set up with a lawyer’s help and easy to maintain during your lifetime. If you Read More….
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What to Know About the Exactech® Knee, Ankle and Hip Replacement Device Recall
In August 2021, Exactech® — a Florida-based medical-device manufacturer — recalled certain models of ankle, hip and knee replacement devices due to a range of potentially dangerous health issues relating to the devices failing or breaking down prematurely.
In short, the U.S. Food and Drug Administration (FDA) identified several models of Exactech ankle, hip and knee replacements made with polyethylene inserts that were packaged in a way that exposed the inserts to too much oxygen. Due to the abundance of oxygen, the inserts broke down or failed prematurely while inside patients’ bodies.
Problems like these can lead to serious health
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Missouri Court of Appeals Finds Conduct Resulting in Punitive Damages Triggers Policy Exclusion for Intentional Acts
Missouri insurers can breathe a sigh of relief as the Missouri Court of Appeals, Western District, finds an insured’s fraudulent conduct precludes indemnity obligations under an “intentional acts” exclusion. The Court of Appeals found the claimant could not prove coverage applied to an underlying punitive judgment resulting from fraudulent sales tactics.
Estate of Max Overbey v. Universal is the latest chapter in the seemingly endless saga of litigation surrounding the Chad Franklin auto dealerships, and a deceptive marketing program that violated the Missouri Merchandising Practices Act. Here, the Court of Appeals reversed a lower court’s equitable garnishment judgment against Universal
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Prescription Medication Fraud: A New Federal Civil Suit and a Case Study to Highlight Real Dangers
by Eric Moch and Ryan Chancellor
America is in the grips of a lethal opioid epidemic, and law enforcement and insurance claims departments are on the front lines of the fight. Thechallenge is to ensure physicians have the freedom to prescribe necessary and responsibly priced medications while simultaneously ensuring that bad actors do not take advantage of the system to endanger the public with unnecessary and over-priced medications that pose real risks to public health while driving increases in insurance premiums. This column highlights a recent civil lawsuit by the United States of America and a case study, with a
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