So, You Want To Be A Landlord?

Great Aunt Martha just left you her house, great! Instead of selling it, wouldn’t it be better to rent it out for long term income? There are numerous issues to consider before answering this question. Do you have the time, skills, and financial resources to make necessary repairs? What happens if your tenant damages your property or doesn’t pay rent? Are you prepared for the time and expense involved in the event you have to …

New Family Laws for 2018

The Illinois legislature passed hundreds of new laws which take effect in 2018. Among the more interesting is SB-1261, which directs courts to consider the family pet’s well-being before awarding joint or sole ownership of the pet to one of the divorcing parties. Prior to the new law, the Illinois Marriage and Dissolution of Marriage act was silent as to the well-being of pets. Therefore, most courts treated pets as if they were items of …

Law for Life, Why Us?

Life happens! Whether you are just starting out and are signing your first lease, getting married and need a prenuptial agreement, just had a baby and need a will, starting a business and need to form a corporation, or putting a succession plan in place to provide for your family, we at Cover, Evans & Fricke, LLP have you covered. At Cover, Evans & Fricke, we are approaching law in a new and innovative way! …

Why Only a Will is Not Enough!

As recent unfortunate events remind us, life can change in an instant. Having a Will in the event that tragedy strikes is a good start, but in reality, a Will is only one of three essential documents adults should have. The other two essential documents are a Power of Attorney for Health Care and a Power of Attorney for Property. A Health Care POA allows you to designate someone (an agent) to make medical decisions …

What Is Asset Protection? Do You Need It?

Asset protection is taking thoughtful steps to keep your financial life safe and secure. We live in a litigious society, endure wild swings in the housing market and live with uncertainty in our careers. You work hard to build equity in your home and accumulate a “nest egg” for the future. Asset protection focuses on steps you can take to keep your nest egg from being taken from you. What are these steps? Is it …