Considering Bankruptcy for Your Small Business? Here Is What You Need to Know

Cari Rincker Business Law, Business/Commercial Law Leave a Comment

Starting a small business entails significant risk. You forego the security of a steady paycheck to create economic opportunities for yourself. Business failure rates have remained steady over the years, but the statistics are pretty daunting: by the five-year mark, around half of small businesses have failed. While the reasons for small business failure vary, it almost always comes down …

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Decanting:  How to Fix a Trust That Isn’t Getting Better With Age

Cari Rincker Estate Planning Leave a Comment

While many wines get better with age, the same cannot be said for some irrevocable trusts.  Maybe you’re the beneficiary of trust created by your great grandfather over seventy years ago and that trust no longer makes sense.  Or, maybe you created an irrevocable trust over twenty years ago and it no longer makes sense.  Wine connoisseurs may ask: Is …

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Irrevocable Trust Decanting in 4 Steps

Cari Rincker Estate Planning Leave a Comment

We all need a “do over” from time to time. Life changes, the law changes, and professionals learn to do things in better ways. Change is a fact of life – and the law. Unfortunately, many folks think they’re stuck with an irrevocable trust. After all, if the trust can be revoked, why call it “irrevocable”? Good question. Fortunately, irrevocable …

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Should My Business Use Arbitration Clauses?

Cari Rincker Business Law Leave a Comment

Arbitration provisions, which allow legal disputes to be settled outside of the court system, are increasingly found in contracts of all kinds, including employment contracts. A series of court rulings over the years has spurred the increased use of arbitration clauses. Around one-half of American workers are now subject to mandatory arbitration, although a recently passed federal law makes them …

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Who Should Be Your Successor Trustee?

Rincker Law Estate Planning Leave a Comment

If you have a revocable living trust, you probably named yourself as the initial trustee so you can continue to manage your financial affairs. Eventually someone else will need to step in when you are no longer able to act due to incapacity or after your death, however. Your successor trustee plays an important role in the effective implementation of …

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Illinois Family Law: Have Things Changed Since Your Last Child Support Order?

Cari Rincker Family/Matrimonial Law Leave a Comment

Illinois courts can reconsider a child support calculation once there has been a “substantial change in circumstances.” What’s new? As any parent would know, the cost of caring for your children can change throughout the years. The expenses of a toddler will surely differ from those of a teenager. At the same time, the income of one or both parents …

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How to Choose the Right Agent for Your Incapacity Plan

Cari Rincker Estate Planning Leave a Comment

A common misconception is that estate planning equates to death planning.  But planning for what happens after you die is only one piece of the estate planning puzzle.  It is just as important to make a plan for what happens if you become mentally incapacitated. What Happens Without an Incapacity Plan?                    …

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Navigating Parental Alienation

Cari Rincker Family/Matrimonial Law Leave a Comment

What is Parental Alienation? Parental Alienation occurs when a child shows extreme preference for one parent (the “Preferred Parent”) over another parent (the “Rejected Parent”) as a result of efforts by the Preferred Parent to alienate the child from the Rejected Parent.  Parental Alienation can significantly complicate a divorce and the accompanying allocation of shared parental responsibilities. Parental alienation is …

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Big “Life Changes” Often Mean Big “Estate Plan Changes”

Cari Rincker Estate Planning Leave a Comment

Many people who put together an estate plan do so when they start a family – assuming they put an estate plan together at all during their lifetime. While putting an estate plan together is a good thing to do, many people make few updates once the plan has been created, despite other key life events happening over the years. …

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Don’t Rest Easy: Reopening a Closed Estate in Illinois

Cari Rincker Estate Planning, probate Leave a Comment

When a loved one passes away, navigating the probate process can be daunting and exhausting.  Once the estate has been distributed and probate is closed, it would be nice to rest easy knowing that “what’s done is done;” however, it is important to understand that there are a few circumstances where a closed estate can be reopened again in Illinois. …

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Episode 57 of Ag Law Today: Update on Animal Confinement Laws

Cari Rincker Food & Ag Law Leave a Comment

I was excited to record this episode with Beth Rumley while I was in New York City a few weeks ago getting an update on where we are with animal confinement laws on this episode of Ag Law Today.  It was an update from Episode 46 found here.  I am an adjunct at Vermont Law School online and several of …

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Episode 56 of Ag Law Today: Agriculture Mediation

Cari Rincker Food & Ag Law, Podcasts Leave a Comment

I feel blessed each time I get to talk to an ag lawyer rockstar like Paul Goeringer from the University of Maryland.  Hear us talk about agriculture mediation on this episode of Ag Law Today. Share this Article

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