News

Estate Planning in 2017

How will Federal and Illinois Estate Tax affect me? Do I need a Power of Attorney for Property and Power of Attorney for Health Care? What is a Living Trust and should I have one? How will I pay for nursing home care—my own assets, long–term care insurance, Medicaid? How can I avoid probate? How […]

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Krug-Phillips Memorial Scholarship

The Highland Community College Foundation awarded the seventeenth annual Krug-Phillips Memorial Scholarship to Claire Tootelian (Lena).  This scholarship is awarded annually to strong performing Highland Community College students in their second year and has been endowed by Lyle and Jane Krug.

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Madelyn N. Greene Memorial Nursing Scholarship

The third annual Madelyn Nicole Greene Memorial Nursing Scholarships have been awarded to Brianne Schofield (Orangeville), Courtney Flemming (Freeport), and Elizabeth Chambers (Freeport). These scholarships are awarded annually to local students who are going into the nursing field and have proven their desire to make a positive difference. These scholarships have been awarded by Nicole […]

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Legal Update Roundup

A number of other new laws and regulations have taken effect recently.  Noteworthy changes include: Matured Savings Bonds Due to a recent amendment to the Illinois Uniform Disposition of Property Act, any United States Savings Bonds held electronically by the Illinois State  Treasurer, or traditional paper Savings Bonds held by the  purchaser, will be considered […]

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Federal and State Tax Update

With the new administration and Congress having recently taken office, we are now in the calm before the storm for news on new tax legislation, but  there have been several federal and state tax developments of note: The federal exemption for estate taxes has increased to $5,490,000 from its previous level of $5,450,000. Illinois’ estate […]

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New Illinois Employment Legislation

Several new laws affecting Illinois employers and giving new rights to employees have taken effect with the new year. The new laws include a prohibition on restrictive covenants for low-wage employees, and requiring the paid sick leave, if offered by the employer, be usable by an employee caring for sick family members. Prohibition on Restrictive […]

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