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Semmelman & Semmelman, Ltd.

900 North Shore Drive, Ste. 250

Lake Bluff, IL 60044

Phone: 847-234-4438     Fax: -847-234-4674

Semmelman Law Blog

Latest news about Estate Planning, Administration, Wills & Trusts, Business Law, and Real Estate

 


Overview of Advance Directives

Kimberly Wisneski - Wednesday, December 02, 2015


What are they and do I need them?

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Cash is King

Kimberly Wisneski - Monday, June 15, 2015


New Rules Affecting Buyers and Sellers of Real Estate

Are you currently selling your home or shopping for a new one? If so, you should be aware that the CFPB (Consumer Fraud Protection Bureau) has new rules that go into effect on August 1, 2015! These rules apply to all “closed- end consumer credit transactions secured by real property”, meaning purchase money mortgages, refinances, timeshares, construction only loans and parcels 25 acres or less. The sale and purchase of vacant land, which was previously considered a commercial transaction, is also subject to the new rules. Home Equity Lines of Credit, reverse mortgages, mobile home loans, commercial transactions and private lenders originating less than 5 loans per year (e.g., Articles of Agreement) are exempt from the new rules and forms.  Read More >









Fill Your Treasure Chest

David Semmelman - Monday, June 15, 2015


If a trust is part of your estate plan, congratulations! You have taken a big step towards making sure that your assets will be managed and distributed in accordance with your wishes. But just having a trust agreement in place is not the end of the story. Once your trust has been established by executing the agreement ownership of your assets need to be transferred to the trustee. A trust without assets is like an empty treasure chest.  Read More >










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