Life insurance death benefits are a major consideration in the area of estate planning. Life insurance is a source of financial support that is intended to pay for college, death and estate taxes, funeral expenses, payments towards one’s house, and other goals. Typically, there are two (2) types of life insurance plans: term life insurance …
How to Divide Real Estate Investments During a Divorce in Illinois? A divorce or otherwise called a “dissolution of marriage” proceeding is an emotional time, which is more difficult when a family has a Real Estate Investments in their family holdings. Most divorce attorneys fail to understand business and real estate investment issues because they …
Prorations are covered by Paragraph 9 of the Multi-Board Residential Real Estate Contract 7.0 (“Contract 7.0”). The Contract 7.0 language governs the real estate contract in the suburbs of Chicago, Illinois. The Contract 7.0 is a standard real estate contract used by buyers, sellers, real estate agents, and attorneys. Paragraph 10 addresses the Attorney Review …
Tax Prorations and The Multi-Board Residential Real Estate Contract 7.0 Read More »
ILLINOIS REAL ESTATE INVESTOR ATTORNEYS: SERIES LLC ATTORNEYS What is a Series LLC? A Series LLC is a special form of a Limited Liability Company that allows you to form a “parent” company that functions like an umbrella organization over multiple subsidiary LLCs. These Subsidiary LLCs, or “cells” as they are commonly referred to, are …
Pros and Cons of Series LLCs for Illinois Landlord Read More »
A Pre-Closing Home Inspection is a professional inspection, which reviews your house similar to a prospective Buyer hiring a home inspector. A Home Inspection is a report by a licensed home inspector that evaluates the major components of a house similar to a Buyer’s Home Inspection Report. Benefits of a Pre-Inspection Report There are a …
Is A Pre-Closing Home Inspection Good Prior to Selling a Home? Read More »
Kendall County IL For Sale By Owner “FSBO” Transactions The Lawyers and Staff of Gateville Law Firm concentrate in Residential Real Estate and For Sale By Owner Real Estate Transactions in Kendall County including the following areas: Yorkville | Oswego | Plainfield | Joliet | Newark | …
In short, yes, you should create separate LLCs for each of your rental properties. There are four main reasons to do so: (1) LLCs limit personal liability; (2) an LLC helps keep rental properties separate from each other; (3) LLCs give the advantage of pass-through taxation; and (4) separating business and personal expenses is easy. …
SEAN ROBERTSON TEACHES UPCOMING CLE CLASS TO ATTORNEYS AND CPAS Sean Robertson is the Principal and Estate Planning Attorney with Gateville Law Firm. Sean Robertson is on the National Faculty for the National Business Institute (“NBI”), which teaches attorneys, accountants, and CPAs about their estate planning legal issues. Sean Robertson is one of the …
Real Estate Attorneys for Landlords and Property Owners This article summarizes the benefits and disadvantages to placing rental properties in a Limited Liability Company in the State of Illinois. A Limited Liability Company, or otherwise known as an “LLC”, is a hybrid between a partnership and a corporation. In Illinois, LLCs have increasingly become the …
Most often, people assume that a Last Will and Testament or otherwise known as a “Will” is the best estate planning strategy for them. In this article, we will compare Living Trust versus Wills. Last Wills and Testaments: Benefits There are three (3) major benefits of a Last Will and Testament (hereinafter referred to as …
REAL ESTATE & ESTATE PLANNING LAW FIRM
YORKVILLE AND KENDALL COUNTY
Serving Kendall, Will, Kane, DeKalb, Grundy, LaSalle, and Cook Counties
Website Designed and Maintained by ZonCom Productions, Inc.
Join our Mailing List.
Get notified of News & receive our Newsletters.
1905 Marketview Drive Suite 268
Yorkville, Illinois 60560
