Skip to Content

Business Litigation Alert

The GST Trust Tax Trap

The issues faced by trust and estate lawyers sometimes include complex tax analysis. One of those issues arises when an irrevocable trust skips a generation with trust assets going directly to grandchildren. That event may trigger a tax that is known as the federal generation-skipping transfer (GST) tax. The GST tax can be partially avoided   Continue Reading »

Know Your Adversary: Rules for Claims Against Federally Funded Health Centers

In 2014 alone, more than 1,300 federally funded health centers employed more than 11,200 physicians and more than 9,000 medical staff workers who treated approximately 23 million patients. Today, one in every fourteen people living in the United States relies on a federally funded health center for primary medical care. Further, the United States Department   Continue Reading »

Rapid Response to Data Breach Required to Avoid Liability

American companies have been slow to realize that they are a potential target of a cyber-attack.   Last year, FBI Director, James Comey remarked that “there are two kinds of big companies in the United States.  There are those who’ve been hacked….and those who don’t know they’ve been hacked…” But the risk of cyber-attack is not   Continue Reading »

Protection Reflection: The Supreme Court Rules Allow Partners to Limit Their Liability

The future ain’t what it used to be. — Yogi Berra Many lawyers are still unaware that effective July 1, 2003, our Supreme Court promulgated rules which conferred protection from professional liability in certain circumstances. Illinois Supreme Court Rules 721 and 722 allow lawyers in Illinois to protect themselves against vicarious liability for legal malpractice   Continue Reading »

Johnson and Bell

Johnson and Bell