Previous posts on this blog have discussed how our law office can help clients in the Chicago area plan to pass their wealth down to the next generation. Indeed, careful estate planning can ensure that a family receives their loved one's property with as little...
Working The Puzzle From All The Angles
Month: August 2019
Taking, paying in cash not illegal per se, but risky
On Behalf of Demetrius J. Karos, Ltd. | Aug 16, 2019 | IRS
Contrary to popular perception, it is not illegal to pay an employee in cash per se.However, it is a risky move for a number of reasons. The big issue with so-called under the table, that is, cash, payments is that it is quite easy to fall short in one's legal...
What is a power of appointment?
On Behalf of Demetrius J. Karos, Ltd. | Aug 2, 2019 | Estate Planning
A power of appointment is an estate planning device, used in a will, with which many people in the greater Chicago area may not be familiar.Basically, a power of appointment confers on another person the ability to give to a third party some portion of a decedent's...