News & Insights
Window on use of the current Federal Transfer Tax Exemption may soon be closing.
Election results may dramatically affect estate planning by accelerating the reduction of the Federal gift, estate, and generation-skipping tax exemption. It may be best to consider using this exemption before the start of 2021. WBS Partner Joel Goldblatt, WBS Of Counsel Sidney Levine and associate attorney Patrick Coonan will help navigate these changes in this article.Read More
Carefully Consider the Effect of the SECURE Act On Your Estate Plan
It is important not to let the pandemic derail plans for retirement. Recently signed into law was the SECURE Act (Setting Every Community Up for Retirement Enhancement Act), landmark legislation that may affect how you plan for retirement as well as how you design your existing estate plan. There are critical tax changes incorporated into this law whose impact can be minimized by taking the right steps. Read below on how WBS partners Joel Goldblatt, Andrew Arons and WBS Of Counsel Sidney Levine highlight these changes and the importance of reviewing estate plan documents and beneficiary designation forms to maximize income tax advantages and help you achieve your goals.Read More
Employment Law Developments - Effective July 1, 2020
If you are an employer whose employees work in the city of Chicago, take note of several new labor laws that went into effect on July 1st. Read below to get up to speed on updated Fair Workweek Ordinance detail and provisions, as well as updates on the Minimum Wage Ordinance and Paid Sick Leave Ordinance. WBS can help guide you through these ordinances as businesses continue to deal with impact of COVID-19.Read More