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Estate planning involves making plans for how to manage and administer a person’s assets after their death. These assets can include land, tangible property, intellectual property, stock ownerships, etc. Nowadays, a person’s assets may include ownership of any cryptocurrencies, and attorneys should take note of this recent development when creating a plan for a client’s estate.

In the last few ...

On January 22, 2018, the Supreme Court of the United States (“SCOTUS”) held in a 5-4 decision that statutes of limitations for state law claims joined in a federal lawsuit are tolled until 30 days after a federal court dismisses the claims. This decision applies to state law claims brought in federal court under the Supplemental Jurisdiction statute, 28 U.S.C. § 1367, which enables federal cour...

Illinois’ own Abraham Lincoln is one of our nation’s most revered  presidents. However, before he made his legendary mark as leader of the  United States, he was establishing himself as a well-respected attorney  and experienced much success in his legal career. His influence lives on this day, specifically at the Sherwood Law Group. Lincoln’s influence is apparent in many facets of litigation ...

Chicago is widely known for its many bars and prominent nightlife culture. Unfortunately, not everybody acts responsibly during a night out at the bars. Innocent people might be adversely affected by the actions of an intoxicated person. Whether it is drunk driving, bar fights, or property destruction, the Dram Shop Act allows those injured by an intoxicated person to bring claims against any e...

Many Illinois residents rely on common carriers for every day, local transportation. A “common carrier” transports goods or people for any person or company. Examples of common carriers include, but are not limited to: public transportation systems, such as the CTA; disability services, such as PACE vehicles; ambulances; railroads; airlines; and taxi cabs. Common carriers have the highest duty o...

We have already talked about using wills in estate planning. This post will focus on trusts. A trust is a legal entity created to hold property for a beneficiary. A valid trust consists of a trustor, trustee, and a beneficiary. For instance, a grandfather (trustor) may place the title to a lakehouse in a trust with instructions that a bank (trustee) shall transfer the title to a grandson (benef...

Estate planning refers to the process which details how a person’s assets should be distributed after death. An estate planner utilizes wills and various types of trusts in order to distribute a person’s assets in the way that the person wishes. Using a will or a trust to distribute an asset is a strategic choice. This entry focuses on using a will.

Any asset that is not transferred through a tr...

On the morning of March 24th, 2014, a train from the CTA blue line derailed onto the platform and up an escalator at the O’Hare International Airport. As a result of the crash, 32 people traveling that morning were injured. The train operator at the time of the accident, admitted to dozing off moments before the crash. This would be the second time the operator would claim to have fallen asleep...

In everyday life, people are prompted to interact with things for an infinite number of reasons. For example, a factory employee interacts with a certain machine in order to perform his duties. An avid reader interacts with chairs at the coffee shop to sit down and enjoy a book with a cappuccino. A mother interacts with a shopping cart at the grocery store to secure her infant in the child seat...

Under Illinois law, there are certain timing restrictions and deadlines that you need to be aware of and familiar with if you are planning to make a claim. These restrictions are referred to as statute of limitations. These laws and limitations were put in place for a few reasons; that evidence is still apparent and could easily be collected, and also to limit the “threat” of a lingering lawsui...