TILA-RESPA Integrated Disclosure: Are You Ready?

By Jeffrey T. Baker, Illinois Association of Realtors Beginning Oct. 3, 2015, the rules governing disclosures by creditors in real estate transactions are changing. While this date is rapidly approaching, there are still many unanswered questions as to how exactly the new rules will be implemented. Here, we take you through what is known and…


What is a Revocable Living Trust?

American Bar Association Much has been written regarding the use of “living trusts” (also known as a “revocable trust,” “inter vivos trust,” or “loving trust”) as a solution for a wide variety of problems associated with estate planning that wills cannot address. Some attorneys regularly recommend the use of such trusts, while others believe that…


What to Do If You Forgot to Pay Taxes

By Karen E. Klein, Bloomberg BusinessWeek May 05, 2014 The IRS got more than 131 million tax returns last month. Was yours one of them? If you forgot, or didn’t file for some other reason, it’s a mistake to do nothing and hope the tax authorities look the other way. The IRS has gone after…