630-466-1600
160 S. Municipal Dr. Suite 100, Sugar Grove, IL 60554
Recent Blog Posts
Protecting Your Assets in Illinois
Testamentary 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.
When Does a Child Grow Up?
For 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
Any Given Sunday: It’s Fantasy Football Season, But is it Legal?
Moments 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
Many of our clients ask whether or not fantasy sports leagues are legal. To answer this question, we need to shift gears for a moment. From a certain perspective, fantasy sports leagues are interstate gambling. Players pay a fee to be eligible for prizes at the end of the season. But don’t go away yet, because we’re just getting started.
630-466-1600
160 S. Municipal Dr. Suite 100, Sugar Grove, IL 60554
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