Want to know a life hack for legal documents?

4 Reasons to NOT Skimp on Legal Documents

I was the kid who wanted the crust off of a peanut butter and jelly sandwich because I didn’t think it was necessary. “That’s the best part” my mom would say to me as she took a bite! As an adult I understand what she meant, the proverbial crust is the best part sometimes. Similarly, cutting corners with your business …

Tax Planning

Creating Your Tax Plan Before Tax Season

Before you know it December 31st will be here and that means you’ll have run out of time for major tax savings, which could be available to you if you start strategizing now. The US tax system is based on privilege for the educated and organized — meaning those who are educated and organized tend to pay less taxes — and …

Best Lawyer Award – “Ones To Watch” in 2023

“Top Gun only accepts the Best of the Best,” said Viper to the entering class during the 1980’s iconic “Top Gun” movie. This is also true for AJ Yolofsky which is why we are proud to announce that he has been recognized in the 2023 edition of Best Lawyers in America “Ones to Watch”. He was nominated for his work in …

Protect_Your_NFT_With_Estate_Planning

Game (NOT) Over with Digital Investing (Part II)

3 Ways to Protect Your NFT  2. How did you purchase your NFT? Since we are talking about cryptocurrencies, how you purchased your NFT is important. Regardless, if you bought it with cryptocurrency or cash, the government wants to ensure that you are properly taxed. Remember that death and taxes are the two unavoidable things in life. Also, an NFT is considered property …

Estate_Planning_for_NFTs

Game (NOT) Over with Digital Investing 

3 Ways to Protect Your NFT Keeping up with technological advances can be a full-time job in itself. It seems that every day there is a new app, cryptocurrency, or a gadget coming to market. Just looking at the way we store our data and documents has significantly changed from using floppy disks to now storing information on the cloud. …

Life Is Short. Be Flexible – 3 Reasons to Create a Revocable Living Trust

2020 and 2021 brought uncertainty and had us living in unchartered territories. It is no wonder that according to a study by caring.com, the number of 18-34 year olds with estate planning documents has increased by 50% since the pandemic began. We are all looking for stability in our current lives and protection for the future. This is why more …

The Impact of Divorce on your Taxes

The Impact of Divorce on Your Taxes

Divorce can wreak havoc on your finances. What many divorced (or divorcing) couples don’t always realize is that they can expect to face recurring financial challenges during tax season for years after the divorce is finalized. While divorce is often (unfortunately) adversarial, leaving both spouses with animosity in its wake; tax season is an opportune time to put aside those …

Announcing . . . Our New Look!

Announcing . . . Our New Look! We’re thrilled to unveil our refreshed brand identity! Over the last year, we have poured everything into creating a new image that would accurately depict who we are, at our core as a team. There are plenty of adages about change. One of our favorites at the Firm is “get comfortable being uncomfortable”. …

Returning to where it all began… Illinois College of Law

The days are long, but the years fly by. This seems to be the new conventional wisdom for describing the perception of time. It didn’t seem as if 15 years had passed since I left the hallowed halls of the University of Illinois College of Law, but it certainly had been. Last week, I returned to my alma mater at …

Transaction Tips for Equine Sales and Lease Agreements: Winter Horse Show Series

We’re excited to announce the addition of Erin Prutow, Esq. to the Yolofsky Law family. Erin focuses her practice on equine law. She has extensive experience in the horse industry and is ready to help owners, trainers, buyers, and support personnel. Erin was a national level equestrian competitor at her alma mater, Oklahoma State University. As you probably guessed, she …