Federal legislation effective January 1, 2024, requires most small businesses, including PLLC’s and professional corporations, to submit a report to the U.S. Department of the Treasury’s Financial Enforcement Network (FinCEN). This legislation, the Corporate...
Our office remains open, and in response to COVID-19, we have expanded our options for remote consultations and virtual meetings. Please contact our office to discuss what meeting option best fits your situation.
Principled Advocacy For Families And Individuals With Disabilities And The Professionals Who Serve Them
Firm News
3 common estate planning myths
As one of your New Year's resolutions, you may have decided to make an estate plan. Drafting an estate plan can be great for you and your family and friends so that there’s no confusion about what to do with your estate after you pass away. However, estate planning...
What is a special needs trust and do you need one?
If you have a child, parent, sibling, family member or someone who means a lot to you who suffers from a chronic or severe disability, you are probably concerned about what will happen to them after you pass away. When creating your estate plan, you may wonder how and...
Revocable vs. non-revocable trust. What’s the difference?
A trust is a separate legal arrangement that allows an individual or entity, known as the trustee, to hold assets on behalf of another party, referred to as the beneficiary. Trusts are designed to manage and safeguard assets while helping ensure their distribution...
Why healthy, young professionals need to make a living will
People associate estate planning with reaching a certain age. Young, healthy adults often assume they don't have to think about estate planning for a couple of decades or can at least wait until they have children. That attitude is on the one hand understandable but...
May is Mental Health Awareness Month
The attorneys and professionals at Monahan Law Group encounter complex issues relating to mental health literally every day, in many different contexts. As a consequence, it is tempting to look beyond general "awareness" of mental health and focus attention on the...
What should you know about Illinois guardianships?
In Illinois, the court can appoint a guardian for any adult over the age of 18 who cannot understand his or her rights or make his or her own decisions because of a disability or incapacity. What this means to you at the personal level is that if you have an adult...
Identifying a child on the autism spectrum
According to the most recent data published by the Centers for Disease Control and Prevention, approximately 2% of all children have an Autism Spectrum Disorder. Chicago parents who believe their child may exhibit atypical developmental behavior may have to consider...
What makes a good executor?
As you prepare to handle matters of your Illinois estate, you may have many questions. How do you make an estate plan? How does a will fit into an estate plan? Who runs your estate after you pass? Today, we will take a look at the person you will leave in charge of...
Are the powers of a guardian limited?
Some families have children or relatives that, because of disabilities, require a guardian to handle their care and other needs. However, some people may fear a guardian would have too much power and could abuse it. In reality, state guardianships do not have...