Succession Planning: The Estate Plan for a Business
Heather G. Walser and Steven A. Migala • October 11, 2021
In this video, Lavelle Law attorneys Heather Walser and Steven Migala discuss how to plan for a successful exit of a business while also ensuring that business owners have the correct estate planning documents in place before the exit. Walser and Migala presented this webinar to the Northwest Suburban Estate Planning Council in September 2021. If you have any follow-up questions or would like to set up a consultation, call us at 847-705-7555 or email us at info@lavellelaw.com.
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The Illinois General Assembly enacted Public Act 1738, amending several provisions of the Illinois Code of Civil Procedure to raise debtor exemption limits effective 1.1.26. The new law provides expanded protection for residents, marking the most significant increase to the state’s exemption statutes in over a decade.
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On August 20, 2025, the First District of the Illinois Appellate Court decided Chicago Title Land Trust Co. v. Watkin, 2025 IL App (1st) 241354 (August 20, 2025). At issue in Watkin was whether the expiration of the statute of limitations barring enforcement of a mortgage also extinguishes the mortgage lien.







