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FDIC as Receiver for Ravenswood Bank v. Republic Title – implied waiver and laches

FDIC as Receiver for Ravenswood Bank v. Republic Title – implied waiver and laches On April 20, 2011, The United States District Court for the Northern District of Illinois stated in Federal Deposit Insurance Corporation, as Receiver for Ravenswood Bank v. Republic Title Company (2011 WL 1526817) as follows: In regards to Implied Waivers: Waiver […]

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Illinois Consignments under UCC

Illinois Consignments under Article 9 of Illinois Uniform Commercial Code: Secured Transactions Under 810 ILCS 5/9 et seq., goods sent from one party (consignor; often manufacturer) to another party (consignee; a merchant) will only qualify as a consignment under and be governed by Article 9 of the Uniform Commercial Code if the goods are delivered […]

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Illinois Power of Attorney Act Amendments

Illinois Power of Attorney Act On July 1, 2011, the new Illinois Power of Attorney Act (755 ILCS 45/et seq.) (hereinafter “Act”) signed into law by Governor Pat Quinn in July of 2010 went into effect throughout Illinois providing principals more protection from abuse and fraud by agents. One of the primary goals of the […]

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Family and Medical Leave Act of 1993

Family and Medical Leave Act of 1993 By and large, the federal Family and Medical Leave Act of 1993 (hereinafter “FMLA”)(29 U.S.C. §2601, et seq.) applies to employers with fifty (50) or more employees for twenty (20) or more calendar workweeks in the current or preceding calendar year. To be eligible for FMLA leave, an […]

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Health Savings Accounts

Family and Medical Leave Act of 1993 Beginning 2012, the ceilings on Health Savings Accounts will increase to $6,250 for an individual with family coverage (currently $11,900) and to $3,100 for self-only coverage (currently $2,400). Individuals born before 1958 can make $1,000 more in contributions. Limits on out-of-pocket costs, such as deductibles and co-payments will […]

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3.8% Medicare Surtax

3.8% Medicare Surtax Starting in 2013, a special 3.8% Medicare surtax on unearned income of high-income singles with adjusted gross incomes over $200,000 and married couples filing jointly with adjusted gross income over $250,000. The surtax is levied on the lesser of the filer’s net investment income or the excess of the adjusted gross income […]

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Illinois Civil Union Act

Illinois Civil Union Act On June 1, 2011, the Illinois Religious Freedom Protection and Civil Union Act (750 ILCS 75/1 et seq.) (hereinafter “Act”) signed into law by Governor Pat Quinn on January 31, 2011 went into effect throughout Illinois granting two persons of either the same or opposite genders who are eighteen years or […]

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Welcome to Jostock & Jostock, P.C.’s new website

Jostock & Jostock, P.C. – Attorneys at Law – Specializing in Estate Planning, Probate and Trust Administration, Corporate Representation, Real Estate Transactions, Tax Law, Labor and Employment, Wills and Trusts, Contracts and Succession Planning Welcome to the new home of Jostock & Jostock, P.C. We will be posting a monthly blog on various legal issues […]

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