Estate planning extends beyond merely designating beneficiaries for your assets. For business proprietors, it is an indispensable strategy for ensuring the sustained success of your enterprise, even in your absence. A pivotal component of this endeavor is formulating a robust business continuity plan. This article delves into the significance of consulting a seasoned estate planning […]

The 1031 exchange is a powerful tool for real estate investors, allowing them to defer capital gains taxes while growing their investment portfolios. This article empowers you with a deep understanding of the essential aspects of the 1031 exchange, highlighting the rules, benefits, and importance of working with a seasoned real estate attorney like Michael V. Favia.

In a significant development, Illinois has passed a new law that allows undocumented immigrants to retain their professional licenses even if they face deportation. This groundbreaking legislation, House Bill 5457, was signed into law by Gov. J.B. Pritzker and has sparked many reactions. As we delve into the intricacies of this law, we’ll explore its provisions, impact, and the role of lawyers like Michael V. Favia & Associates, P.C., in navigating these new legal waters.