The Department of Labor has just released its newest publication – “The Employer’s Guide to the Family and Medical Leave Act.” This new FMLA Guide appears to be an an attempt to make the FMLA more “user friendly” to employers. The guide appears designed to help walk employers through the FMLA process. The Guide follows… Continue reading
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Estate Planning Quick Tip:
Most people think they don’t need a Will. But when you die, everything you own in your own name alone will be subject to Probate. While there are some ways to get around the Probate process even when people don’t have Wills, this generally only works when the person who has died doesn’t own real… Continue reading
Protecting Your Children In College
It’s that time of year – the end of August. If you are the parent of a college student, you’ve either already moved them into their dorm rooms or apartments, or will be doing so by the end of the first week of September. The move to college takes a lot of planning – your… Continue reading
Governor Rauner signs Reverse Mortgage Act
On August 10, 2015, Governor Rauner signed the Reverse Mortgage Act, which provides increased consumer protections for Illinois borrowers involved in reverse mortgage loans. Some of the new protections include increased and more understandable disclosures to potential borrowers, a three day “cooling off” period whereby a potential borrower could rescind the deal, and granting the… Continue reading
FHA Under Pressure to Bring Back Individual “Spot Loans” for Condominium Units
There is finally some good news for condominium unit owners who’ve been frustrated by the FHA’s prohibition on “spot loans” in developments that haven’t obtained certification. Pressure from real estate advocacy groups is causing the FHA to seriously consider relaxing the ban and bring back spot loans. Ken Harney, a nationally renowned author and expert… Continue reading