Tag: Gierach Law Firm Naperville
An Overview of Financial Due Diligence in the Mergers & Acquisitions Process
Posted on July 13, 2026
Buying or selling a business is rarely as simple as agreeing on a number and shaking hands. Behind every successful M&A deal is a financial process that can be very complicated and long. For business owners in DuPage County considering a sale, purchase, or merger in 2026, financial due diligence is the process that reveals what is actually happening underneath a company’s reported numbers before money changes hands. If you are considering buying or selling a business in Illinois, having the help of an experienced Naperville business law attorney is […]
Funding and Managing a Trust After Its Creation
Posted on July 13, 2026
Signing a trust document is often treated as the very last part of the estate planning process, but it is really only the midpoint and much work remains. That’s because a trust only works the way it is supposed to if it is funded, meaning assets are actually retitled into the name of the trust. After that, it must be managed correctly for as long as it exists. Families in DuPage County who invest time and money creating a trust sometimes skip the funding and management steps, inadvertently preventing the […]
Breaking a Commercial Lease When Your Business Fails
Posted on June 15, 2026
Business closures can be very complicated processes. When a company shuts down, a business owner still needs to pay vendors, manage employee terminations, and resolve asset ownership. One of the most financially painful pieces of closing a business is often the lease. Commercial leases are long-term legal obligations that don’t automatically end just because a business does. If you signed a five-year lease two years ago and your business is closing today, you may still owe three more years of rent. This is a serious problem for most business owners, […]
Planning for the Cost of Long-Term Care for a Special Needs Child
Posted on June 15, 2026
Parents of children with significant disabilities face a major financial planning challenge. Raising a child who will need ongoing care for the rest of their life requires a plan that goes far beyond a standard will or trust. The decisions you make now will shape your child’s quality of life decades from now, including after you are no longer here to advocate for them. This makes it extremely important to get the details exactly right. If you are a parent in Illinois thinking seriously about a special needs trust for […]
How to Manage as Someone’s New Guardian of the Estate
Posted on May 12, 2026
Being appointed guardian of the estate for a loved one is a serious responsibility. It means a court has decided that someone you care about is no longer able to manage their own financial affairs, and that you are the right person to do it for them. If you have recently been appointed to this role in Illinois, you may be feeling a mix of emotions. This might include concern for your loved one, a genuine desire to do the right thing, and perhaps some uncertainty about exactly what is […]
Illinois’ New 2026 Employment Laws for Business Owners
Posted on May 12, 2026
If you own or manage a business in Illinois, 2026 brings a major set of new employment law changes that took effect either late in 2025 or at the start of this year. Some of these changes are straightforward updates to existing rules. Others introduce entirely new obligations that employers may not have on their radar yet. Failing to comply with any of them can expose your business to legal liability, so understanding what has changed should be a priority on your 2026 to-do list. At Gierach Law Firm, our […]
Elective Shares, Inheritance, and Wills in Illinois
Posted on April 21, 2026
Planning for what happens to your estate after you are gone is one of the most important things you can do for the people you love. Unfortunately, estate planning in Illinois involves legal rules that many people do not fully understand until it is too late to plan around them. One of the most significant and least discussed of these rules is the elective share, a legal protection that can override what a last will and testament says. In 2026, if you are creating or updating an estate plan in […]
Negotiating Employee Compensation and Benefits
Posted on April 21, 2026
Whether you are a business owner putting together your first employment package or a growing company looking to stay competitive, negotiating employee compensation and benefits is one of the most important things you will do as an employer. Get it right and you attract strong talent, build loyalty, and protect your business legally. Get it wrong and you risk losing good people or running into compliance problems. Illinois has increasingly complicated laws and regulations when it comes to managing employees in 2026. It can sometimes feel impossible to figure them […]
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