Commercial leasing disputes can be costly. Not only can they sour a relationship between a landlord and a tenant, they are often very expensive. Between legal fees and lost rent or services, a lot of time and money can go into a commercial lease dispute. Thankfully, many commercial lease disputes can be avoided through careful drafting and communication. But, in any event, disputes can still arise and elevate into full-blown lawsuits. In this article, we discuss some common things causing commercial lease disputes and what parties can do to work through lease disputes when they happen.
What Can Cause…
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Spousal Alimony Modifications
In a divorce, courts go to considerable lengths to figure out how much spousal support one spouse should pay to the other. This initial decision is based on a variety of factors. It might include the parties’ financial situations and any non-monetary advantages that one partner may have provided to the marriage. But what about after that? What if one former spouse suddenly starts making drastically higher income, years after the divorce? Conversely, what if a divorced spouse’s income decreases? Simply put, alimony may change as well. This article explains spousal alimony modifications in greater detail.
What is…
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LLCs and corporations are important tools in our legal and business system. These legal entities allow business owners to protect themselves from personal liability in many cases. This encourages entrepreneurs and business owners to take risks since liability is contained within the business itself. However, LLCs, corporations, and other entities are not indestructible. If you do not carefully follow the rules for maintaining your business entity, a court may “pierce the corporate veil” in a potential lawsuit against the business, and you might still be held personally liable. In this article, we’ll go over some tips to avoid piercing the…
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Traffic court supervisions are one way that a driver can be punished for a traffic violation. A supervision is different than a conviction. Generally, the information with a supervision is less public, meaning that it will often not affect a driver’s insurance rates. But court supervision is not always a given. So how does traffic court supervision in Illinois work in the first place? Let’s take a look at the mechanics of court supervision below:
What is a Traffic Court Supervision?
A person may be convicted or given court supervision if they are found guilty of a traffic violation.
A guilty…
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Illinois Truck Accident Wrongful Death Actions
Fatal truck collisions are a rather common occurrence on Illinois’ highways and roads. Trucking companies are responsible for vetting their drivers, adhering to local and federal laws, and encouraging safe trucking. Tragedies may occur when trucking companies or drivers fail to follow those standards. If a loved one has died as a result of another person’s or company’s negligence, you as a beneficiary may be entitled to compensation under the law. In any event, a fatal truck accident can be difficult to resolve. This makes consulting an experienced attorney the best course of action if you are…
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The only constant in life is change, and usually after a significant change, an individual may face the strenuous task of adjusting their estate plan. An estate plan may consist of a revocable trust, a will, or powers of attorneys. Below are the following ways in which an individual may revoke each of the following documents:
How do you revoke a Revocable Trust?
A revocable trust is a financial entity that allows the individual who creates it, also known as the grantor, to change, remove, or alter such assets. This alteration can be done at any point during the grantor’s…
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Do I Need an Irrevocable Trust?
We are often asked by potential clients whether it makes sense to create an irrevocable trust. An irrevocable trust is a trust that is set up for a specific purpose and cannot be undone under most circumstances. Therefore, it is a permanent trust until the trust purpose has been fulfilled and it can be closed out. The vast majority of people do not need irrevocable trusts, but for some, they can be extremely beneficial. There are two main purposes of establishing an irrevocable trust, namely creditor avoidance and tax avoidance.
Irrevocable Trust Creditor Avoidance…
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During these unprecedented times, it is normal for you to want to take every necessary measure to make sure your family is always prepared. Imagine not being able to make legal decisions for your child going away to college. Without a power of attorney (POA), a parent cannot handle certain matters on behalf of their college student.
What exactly is a power of attorney?
A power of attorney (POA) is a document that allows you to assign a person or entity to manage your college student’s property, financial, or medical affairs when they become unable to do so. In case…
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In Lake County, property taxes are some of the highest in the country. Every homeowners’ tax bill gets recalculated every year. Thankfully, you can take steps to try and lower your tax bill by appealing. Filing a tax appeal can be intimidating, but it’s a crucial step towards potentially lowering your tax bill in a given year. Let’s go over how the property tax system works in Lake County and the steps you can take to try and lower your tax bill.
How Lake County Property Taxes Work
The property tax assessment and appeal process can be confusing. There…
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