When someone passes away, the person responsible for administering his or her estate (the “executor” or “administrator”) has a responsibility to determine who the deceased owed money to (known as a “creditor”) and to either pay the full amount owed from the estate or provide the creditor with proper notice of the estate. In this article, we explain the duty of an estate executor to determine creditors of the estate and provide notice of probate in Illinois.
Property values in the past few years have plummeted, yet homeowners find themselves paying higher property taxes than ever before. Your property taxes are linked to the fair market value of your home; however, when the fair market value of your home is uncertain, the tax assessment may be inaccurate.
In this article we talk about ‘consideration’ in a contract?” When talking about contracts and contract law, the term “consideration” is often mentioned. In relation to a contract, consideration refers to what each party will receive as a result of the contract, also known as “bargained-for exchange.”
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In this article we talk about ‘consideration’ in a contract?” When talking about contracts and contract law, the term “consideration” is often mentioned. In relation to a contract, consideration refers to what each party will receive as a result of the contract, also known as “bargained-for exchange.”
One of the most important things an attorney can do for a business owner is to eliminate “unknown unknowns.” During the life-cycle of a business, there are 11 inflection points where business owners should consult with their attorneys
In this article, we will answer the question “what is a breach of contract?” and explain when a breach of contract occurs according to Illinois contract law. We will explain when a contract is valid in Illinois and answer the question “can I be held liable for breach of an oral contract?” Finally, we will explain the definition of an “anticipatory breach of contract” as well as a “material breach of contract.”
In this article we talk about ‘consideration’ in a contract?” When talking about contracts and contract law, the term “consideration” is often mentioned. In relation to a contract, consideration refers to what each party will receive as a result of the contract, also known as “bargained-for exchange.”
One of the most important things an attorney can do for a business owner is to eliminate “unknown unknowns.” During the life-cycle of a business, there are 11 inflection points where business owners should consult with their attorneys
In this article, we will answer the question “what is a breach of contract?” and explain when a breach of contract occurs according to Illinois contract law. We will explain when a contract is valid in Illinois and answer the question “can I be held liable for breach of an oral contract?” Finally, we will explain the definition of an “anticipatory breach of contract” as well as a “material breach of contract.”
In this article we talk about ‘consideration’ in a contract?” When talking about contracts and contract law, the term “consideration” is often mentioned. In relation to a contract, consideration refers to what each party will receive as a result of the contract, also known as “bargained-for exchange.”
One of the most important things an attorney can do for a business owner is to eliminate “unknown unknowns.” During the life-cycle of a business, there are 11 inflection points where business owners should consult with their attorneys
In this article, we will answer the question “what is a breach of contract?” and explain when a breach of contract occurs according to Illinois contract law. We will explain when a contract is valid in Illinois and answer the question “can I be held liable for breach of an oral contract?” Finally, we will explain the definition of an “anticipatory breach of contract” as well as a “material breach of contract.”
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