For the Love of the Land

Sometimes a person owns some acreage that they may have either purchased or inherited. This acreage is really special, as it is beautiful, natural or untouched. If you are that person, you may want to preserve its beauty and make sure that it does not just become another subdivision. What step can you take now […]

Is now the time to buy?

Law Talk – By Denice A. Gierach – As published in The Business Ledger – June 1, 2009 During this stressful time in the economy, many businesses have retrenched, making the decision to stay in their existing space, where they continue to rent.  While this may sound like a good idea, especially if you have […]

Ask A Tax Professional Before Losing or Walking Away from Your Home

By Denice A. Gierach – May 13, 2010 These days in this shaky economy and what the experts are calling the “jobless recovery,” there are many people still out of work. Perhaps the reader of this article has friends or family that are currently out of work, but have been actively seeking work. There is […]

When vacation home becomes ‘domicile’

By Denice A. Gierach – Law Talk As published in the Naperville Sun – August 13, 2010 As many Napervillians become more successful in their businesses, they may purchase another residence in another state. As time goes on, they may choose to spend more time in that state (especially in the wintertime). The other state […]

Is Foreclosure the Only Answer?

In this terrible economy that we have all endured, many people are at the point of not being able to afford the home that they live in, as a result of job loss or other financial problems.  Over the last several years, banks have not appeared to work with the borrower at all.  It is […]

How To Avoid A Gift Tax

According to CNN Money Magazine, “estate planning isn’t just about how you want your assets distributed after you die.” Figuring out what to do with your estate is just that—and while the word “estate” may bring to mind brick mansions and vacation homes, the truth is that most people, of any socioeconomic class, have an […]

Why make an estate plan?

Estate plans are a way to provide protection to your family. Estate plans protect families after a member passes away. They can ensure that the family can continue to live in the same lifestyle as they have become accustomed to. Four key areas of planning an estate are: Protecting your spouse Protecting non-spouse beneficiaries Preserving […]