630-466-1600

160 S. Municipal Dr. Suite 100, Sugar Grove, IL 60554

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ACA, Obamacare, Kane County Small Business AttorneysEarlier this month the United States Supreme Court heard oral arguments in King vs. Burwell, which challenges the payment of insurance subsidies to health insurance enrollees under the Affordable Care Act (ACA).

A Brief Intro to the Affordable Care Act

One of the major provisions of the ACA requires citizens to sign up for health insurance. For individuals who cannot get insurance through an employer, the ACA established healthcare exchanges, which allow people to shop for the insurance plan that best suits their needs and their budget. For those living in states that opted not to create their own healthcare exchange (34 did not), insurance may be purchased on the federal exchange.

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Posted on in Estate Planning

protecting assets, living trust, Sugar Grove estate planning lawyerTestamentary documents are among the most important papers you will ever sign. It is very important to partner with an experienced estate planning attorney who can learn who you are and will understand your family’s unique situation. A solid estate plan can make your wishes clear, help ensure that those wishes are effectively carried out, and help your heirs avoid costly legal disputes.

What is a Will?

Simply put, a will is better than nothing. This basic estate planning document may do little more than parrot the state’s intestacy laws–the statutes that determine what happens to dependents and property if a person dies without a will. An executor oversees the mechanical distribution of assets upon the testator’s death. There is little or no discretion or judgment involved.

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Posted on in Estate Planning

young adult inheritance, Kane County estate planning lawyerFor years, the traditional age of inheritance has been 18. However, research may give some people a reason to rethink conventional wisdom in this important area.

In one recent study, only 15 percent of Millennials said they felt “grown-up” at age 21. Among females, the proportion was much lower (8 percent). Millennials were more prone to cite events like the first job after college or the birth of a child as the transition into adulthood. This recent survey confirms previous scientific research that the brain continues developing even in late adolescence, after people reach age 18. A British psychologist claims that 25, as opposed to 21, is a much more accurate threshold age.

New Inheritance Strategies

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fantasy football legal, Kane County lawyersMoments like these make football popular, and it’s little wonder that so many people want to take a piece of the game home with them through fantasy football leagues, whether or not Roger Goodell is flashing his trademark smile.

Fantasy football is not just a hobby for a few rabid fans who paint their faces and show up early for Sunday tailgating. It’s a huge industry that’s worth up to $70 billion a year, and hundreds of thousands of players scour the Internet in the hours leading up to game day, looking for injury reports, predicting match ups, talking smack with other players, and generally trying to do anything to get an edge.

Fantasy Sports Leagues

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630-466-1600

160 S. Municipal Dr. Suite 100, Sugar Grove, IL 60554

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