Asset protection, sometimes referred to as enhanced estate planning, utilizes contemporary techniques with historical roots to protect assets from potential risks. This proactive planning reduces exposure to judgements resulting from unwarranted, frivolous litigation. Perhaps most importantly, when done properly, it provides significant peace of mind.
Selling or buying a business can be one of the most important financial and emotional events in a business owner's lifetime. Such a significant transaction should be planned for well ahead of time so all circumstances can be considered and there is time to implement strategies that could increase the desirability and marketability of the business. For more information on how Buckley Fine, LLC can assist you with selling (or buying) a business, please contact Helmut E. Gerlach, Chair-Corporate Practice Group, at 847-381-0011.
Buckley Fine Law is pleased to announce that Super Lawyers has named three attorneys from Buckley Fine Law as 2021 Super Lawyers and 2021 Super Lawyers’ Rising Stars. Super Lawyers is the national rating service of outstanding lawyers who have attained a high degree of peer recognition and professional achievement.
Buckley Fine is excited for 2021, a new year already filled with prosperity and growth for our clients and friends. Providing the highest level of service remains our top priority, and we are excited to announce the addition of new team members that share this same commitment to clients and the community.
On December 27th, President Donald Trump signed the Consolidated Appropriations Act (“Act”), a $900 billion COVID-19 relief bill designed to provide additional aid and fund the government through September 2021. While the new legislation does not [...]
Business owners have faced several challenges this year. Tasked with unprecedented obstacles to keep the doors open and ensure the health and safety of their employees, businesses have one more hurdle to overcome this year. [...]
Buckley Fine Law founder, David P. Buckley, Jr. was recently selected by his peers for inclusion in the 27th Edition of The Best Lawyers in America© in the practice area of Trusts and Estates. Attorneys [...]
Late Wednesday, the IRS released Revenue Ruling 2020-27, which clarified its stance on the timing of Paycheck Protection Program (PPP) loan forgiveness and related tax implications. This much anticipated guidance arrived just in time for [...]
While all eyes were on the election, the Internal Revenue Service announced the official estate and gift tax exemptions for 2021. The annual gift exclusion will remain the same, allowing individuals to give $15,000 to [...]
If you are thinking about gifting assets before year-end, consider creating an irrevocable trust to receive the gift. You can name the intended gift recipients as the trust beneficiaries, such as children, grandchildren, and even [...]
