Legal FAQ | Legal Questions | Illinois State Bar Association

Legal FAQs

06.01.2015

If either you or your boyfriend has assets, such as property, a car and savings or retirement accounts, you should consider a written legal agreement that spells out how the assets would be divided should the relationship end. The agreement should also address potential conflicts such as how you will split household expenses and issues related to child and pet custody. Each partner should hire a lawyer to advise, then draft a single legal document that both parties can agree to.

05.26.2015

If you failed to file your tax returns, under-reported your income or knowingly claimed excess deductions, you may face charges of tax evasion which is a criminal offense. Typical defenses include insufficient evidence, statute of limitations, entrapment, mistake and unintentional misconduct. If you know or believe you may be the target of an IRS criminal investigation, consult with a lawyer.

Money
05.21.2015

Lawyers involved in real estate transactions recommend a buyer purchase title insurance because it protects against financial loss of the home and land it sits on if there is a defect in the title. Issued by a title company, the policy provides a source of compensation to the insured if there are hidden defects, such as a forgery, that may not be discovered in a routine title search.

Home
05.18.2015

The paperwork, typically referred to as a “Release,” has the terms of the settlement agreement with the at-fault party and their insurance company. In exchange for receiving monetary compensation, a signed Release means you promise not to further press your claim against the at-fault party. Once you sign a Release, you can rarely, if ever, collect any additional monies from the at-fault party or their insurance company – even if you continue to incur additional medical bills. Your best bet is to have a lawyer review the terms of the Release form.

05.14.2015

The landlord must serve a five-day notice to the delinquent tenant, after which he or she may begin eviction proceedings. If the tenant pays the rent within those five days then the landlord must halt the eviction. However, the landlord is not required by law to accept rent that is less than the exact amount due. If a landlord wishes to terminate a lease because of a violation of the lease agreement other than for non-payment of rent, he or she must serve ten days’ written notice to the tenant before eviction proceedings can begin.

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