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.
More News & Resources
Lavelle Law News and Events
High-profile couples like Taylor Swift and Travis Kelce are taking strict steps to protect their privacy. Reports confirm that wedding guests must sign non-disclosure agreements (NDAs) before receiving event details. This highlights how NDAs help individuals and businesses safeguard sensitive information.
For many businesses, the commercial lease is the largest single expense each year. But are you actually getting the best deal, or are you unknowingly paying for hidden costs? In this Lavelle Law Minute, Attorney Ted McGinn breaks down the two most common commercial leases: Gross Leases and Net Leases.
Cubs Hall of Famer Ryne Sandberg, affectionately known as “Ryno,” is forever remembered for his legendary “Sandberg Game.” Sadly, his death last July has since triggered a bitter family dispute, with his children now suing his widow, Margaret Sandberg, over alleged violations of his trust.
This transaction highlights Lavelle Law’s deep expertise in managing complex commercial real estate deals in Chicago’s dynamic market, delivering efficient, client-focused outcomes even under accelerated timelines.
The U.S. Supreme Court issued a unanimous ruling on June 4, 2026, in Sripetch v. Sec. & Exch. Comm’n, clarifying a significant question in securities enforcement. The Securities and Exchange Commission (SEC) does not need to identify victims who suffered actual financial harm to pursue disgorgement of ill-gotten gains.
On June 4, 2026, the Internal Revenue Service announced a series of hiring events to take place across the country through the end of July 2026. The events are aimed at recruiting individuals for key seasonal roles, including customer service representatives and tax examining technicians.
Before you print a single petition or launch a campaign website, the first and most important question is this: Am I eligible to run for this office? In Illinois, failing to meet the basic eligibility requirements can disqualify a candidate before the race even begins. Understand the rules upfront.
This Lavelle Law Breakfast Briefs seminar highlighted actionable insights to protect and position your business for success, including: business entity selection; capital structure; key contract terms; and shareholder and operating agreements.
As a result of our efforts, the court reduced our client’s child support arrearage by half because of the mother’s intentional and prolonged refusal to provide her share of transportation costs. The court also ordered the mother to pay a substantial portion of the father’s attorney’s fees.
Anyone going through a divorce in Illinois is required to complete a financial affidavit as part of the legal process. Each spouse completes their own financial affidavit, utilizing all financial records and information available to them. Follow this step-by-step guide to streamline the process and avoid costly errors.
