Select one of our newsletters or articles from below.
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
Jarret Raab and Andy Arons Serve as Expert Panelists on Healthcare Webinar
WBS partners, Jarret Raab and Andy Arons, were expert panelists on the April 18, 2020 episode of healthcare webinar series hosted by the Texas Regional Physician Awareness Seminars during which they discussed the legal and practical implications of the COVID-19 crisis on health care employers and workers.Read More
PREPARING FOR THE FUTURE: Current events require that you revisit your estate plan
The Coronavirus pandemic has forced us all to change many aspects of our lives. The potential for short term or extended unemployment, and risk of fatal illness, are compelling reasons to revisit your estate plan. WBS Of Counsel, Sid Levine, has written this article about how your estate plan can help you prepare for the future in these turbulent times.Read More
Fulfilling Contractual Obligations Amid COVID-19
We are living in precarious times. Between "stay-at-home" orders and financial uncertainty, it is important all companies take the time to review their contracts. Read below to see how one of our attorneys, Jarret Raab, explains how businesses can mitigate the virus' economic impact by understanding their contractual rights and obligations.
Are Businesses Covered in Light of COVID-19?
Are you covered? In light of the coronavirus pandemic, our litigation partner, Mitchell Bryan, published an article in the Chicago Daily Law Bulletin last week detailing how important it is for companies to preserve records of economic loss and "assert their insurance contract rights promptly."
Cares Act and SBA Loans Explained
Williams, Bax and Saltzman, P.C. has prepared for our clients a primer of everything you need to know about the recent legislation enacted by Congress in response to the COVID-19 Pandemic. This unprecedented time and legislation will affect all employers and their employees. To view the CARES ACT and SBA Loans article to learn how businesses can take advantage of these programs click on the link below.
Business Interruption Insurance: Battle Lines Are Drawn (but don't be late to the battle front)
The minute it was apparent the pandemic would temporarily shut down businesses, insurance coverage counsel everywhere knew we were headed for a war within a war. As the war with Coronavirus rages, the longer battle in the courts has just begun between insurers and businesses—and possibly State legislatures—over applicability of business interruption (BI) coverage for economic loss caused by Covid-19.
Families First Coronovirus Response Act ("FFCRA")
The FFCRA is comprised of two primary components that affect employers that have fewer than 500 employees. One component of FFCRA relates to the expansion of the Family Medical Leave Act ("FMLA") and paid sick leave protections for employees that are affected by COVID-19. The second component of FFCRA relates to the tax credits available to employers who provide COVID-19 paid sick leave benefits to employees."
COVID-19 - Frequently Asked Questions
With the constant coverage of the Covid-19 Pandemic and the economic crisis that has accompanied it, WBS has prepared a comprehensive summary of everything you need to know to protect your employees and your business. The article COVID-19 Frequently Asked Questions can provide some answers to the questions that you have in this crisis.
Sweeping Changes to Illinois Employment Laws in 2020 Affecting All Employers
There have been several significant employment laws have been added to the books in 2020 that significantly impact Illinois companies. This article provides a comprehensive summary of those changes for our clients. Please contact Kerry Saltzman (saltzman@wbs- law.com) or Aaron Chaet (firstname.lastname@example.org) with any employment questions regarding these or any other laws.
WBS Obtains Injunction in Non-Profit Governance Dispute
Mitch Bryan, representing 3,000 member Association of Physicians, obtained a preliminary Injunction restricting unauthorized actions of Association President in a 3-day bench trial.
W|B|S WINS SUMMARY JUDGMENT ON SEX DISCRIMINATION AND WRONGFUL TERMINATION CLAIMS
Kerry Saltzman and Aaron Chaet of W|B|S’s Labor and Employment Law Department obtained summary judgment for a client accused of sex discrimination and wrongful termination.
2019 New Employment Laws
Employers in Illinois need to be aware of changes to state and federal employment laws that became effective in 2019. The following is a summary of some of the more important changes.
New Cook County Business Ordinances Scheduled to Take Effect on July 1, 2017
Employers operating in Cook County, Illinois, should be aware that beginning July 1, 2017, they will be required to provide their employees with paid sick leave.
Restricting transgender employees access to restrooms constitutes unlawful discrimination.
WBS Bus. Law Digest
Before beginning the adventure of a new business venture, owners should make sure that they step off on the right foot and make certain that the vehicle they use for the business is working the way they expect.
Managing Professional Liability Litigation Against Accounting Firms
A three-part series discussing the basic components of a professional liability lawsuit brought against an accounting firm and its partners and the factors a firm’s managing partner should take into consideration before and during this type of litigation.
Stop, Look, Listen... and Exercise Independent Judgment:
Common Situations in Which Director Fiduciary Duties Arise
Ready-to-Wear or Custom-Fit
Sizing Up LLC Manager and Member Fiduciary Duties
The Evolving Role Of Lead Directors
The evolution and expansion in the role of designated “lead directors” has been a significant change to corporate boards in recent years.
Looking Before You Leap . . . Into the Boardroom
Take a close look at the expectations and risks of serving as a corporate director today, and also of the qualifications of those currently sitting on the board you’ve been invited to join.