Month: February 2026
Welcome Attorney Madelyn Walters Irons
Madelyn is from Elizabeth, Illinois where she is an active member of her community and co-owner of Three Sisters Sweet Shoppe. She graduated magna cum laude with a degree in Business Administration from Southern Illinois University Edwardsville. While at SIUE, she served as Student Body President, participated in the Honors Program as a Provost Scholar, […]
Read more...New Residential Real Estate Reporting Rule Effective March 1st
New Federal anti-money laundering regulations for many residential real estate transfers will take effect March 1, 2026. The regulations, issued by the Financial Crimes Enforcement Network (FinCEN) require the filing of Real Estate Reports for residential real estate transactions where there is no traditional lender involved. Transactions Covered by the Rule The rule applies to […]
Read more...The Role of Trusts in Asset Protection and Wealth Management
Trusts are versatile legal instruments that play a crucial role in asset protection and wealth management. By understanding the different types of trusts and their specific applications, individuals can effectively manage their assets and achieve their financial goals. There are several types of trusts, each serving unique purposes: Revocable Living Trusts: These trusts allow the […]
Read more...Real Estate Purchase Contracts
Purchasing real estate is one of the most significant financial commitments many people make, and the purchase contract is the foundation of the transaction. While every deal is unique, there are several provisions that buyers should review carefully to avoid costly surprises. Below are just a couple of provisions that should be included, but is […]
Read more...Charitable Giving: Strategies for Maximizing Impact and Tax Benefits
Charitable giving is a noble endeavor that supports worthwhile causes and provides significant tax benefits for donors. By strategically planning charitable contributions, individuals can maximize both their philanthropic impact and their financial advantages. Types of Charitable Contributions There are several ways to make charitable contributions, each with its own benefits: 1. Cash Donations: The simplest […]
Read more...Tax Changes for Individual Taxpayers
Passed in June, the “One Big Beautiful Bill Act” (OBBBA) builds on the tax cuts passed in 2017 extending or making permanent many provisions that had been set to expire. It also contains a number of new provisions and repeals many other tax provisions. New or Extended Provisions: Rates: The current structure of tax brackets […]
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