News & Insights

On April 23, 2024, the U.S. Department of Labor (“DOL”) announced an update to the Fair Labor Standards Act overtime rule (“Overtime Rule”) which has substantial payroll implications and requires employers’ immediate attention. The DOL’s update to the Overtime Rule increases the salary threshold for exempt employees – those working…

I received an e-mail from a client this morning. Does it make sense to start a foundation? How much would I need to put in it? It is a great question. Here was my response: Economically, it does not make sense to start a foundation with less than $10 million.…

In the last two decades, Latin music has experienced an unprecedented surge in global popularity. Genres like reggaeton, Latin trap, and bachata have transcended cultural and linguistic barriers to become mainstream sensations. Artists such as Daddy Yankee, Bad Bunny, J Balvin, and Karol G have cemented Latin music’s place in…

For most companies, whether they know it or not, innovation is their lifeblood. Whether a highly technical company or a “mom and pop,” solving problems quickly and thoroughly leads to longevity. The opposite is also true. Taking too long to solve a problem can be the bane of a company’s…

For something as final as a “last will and testament,” it surprises many of our clients that an estate plan can become stale years after the client signs it. But an estate plan is a living, breathing organism (much like our clients who haven’t needed to use their estate plans…

American athletics earned 126 total medals, 40 of them gold, at the 2024 Paris Olympics. Closer to home, the State of Illinois won its own version of a gold medal. The Land of Lincoln can now claim, “We’re No. 1!”, however suspect the distinction might be.  According to a recent…