Allison & Mosby-Scott is pleased to announce that Angela K. Skinner has been awarded membership in The National Advocates Top 40 Under 40.
The National Advocates: Top 40 under 40 is a professional organization comprised of America’s top young attorneys who take pride in guiding individuals and families that need an advocate on their side in the American legal system. Membership into The National Advocates: Top 40 under 40 is by invitation only, and is extended exclusively to those individuals under the age of 40 who meet stringent qualifications and specialize in the legal practice of Matrimonial and Family Law, Bankruptcy Law, Immigration Law, Social Security Disability Law, Employment Law and Wills, Trusts and Estates Law. Membership is extended solely to the select few of the most qualified attorneys from each state or region who demonstrate superior qualifications of leadership, reputation, influence, stature and public profile measured by objective and uniformly applied standards in compliance with state bar and national Rule 4-7.
To find out more about Angela’s practice, please visit our website or call us at 309-662-5084.
Going through a divorce can be a difficult and stressful time. To make matters worse, a divorce can have significant tax implications to the parties. The attorneys at Allison & Mosby-Scott can help clients navigate the complexity of a divorce, including the tax issues that arise out of a divorce. To help clients understand some of the tax issues that arise out of a divorce, we’ve published this Tax Issues in Divorce guide. To find out more, please visit our web-site or call us at 309-662-5084.
Allison & Mosby-Scott is pleased to announce that The Captive Insurance Deskbook is now available for pre-order through the American Bar Association and will be available for delivery on April 1, 2018. Our very own Michael T. Scott is the author of the chapter on the role of corporate counsel in the operations of captive insurance companies. The Captive Insurance Deskbook is available on the ABA’s website.
Allison & Mosby-Scott is pleased to announce that Michael T. Scott has been nominated and accepted into membership into the Lawyers of Distinction.
FOR IMMEDIATE RELEASE
March 9, 2018
The Lawyers of Distinction is pleased to announce that Michael T. Scott of Allison & Mosby-Scott in Bloomington, Illinois, has been certified as a member. The Lawyers of Distinction is recognized as the fastest growing community of distinguished lawyers in the United States. Lawyers of Distinction shall not offer membership to more than 10% of attorneys in any given state. Members are accepted based upon objective evaluation of an attorney’s qualifications, license, reputation, experience, and disciplinary history. Please see www.lawyersofdistinction.com for further details concerning membership qualification.
To find out more about Michael’s practice, please visit the Allison & Mosby-Scott website.
We have received many questions from clients regarding the treatment of pass-through entities (partnerships, LLCs, S corporations and sole proprietorships) under the Tax Cuts and Jobs Act (TCJA). To help clients understand the new deduction for pass-through entities, we have put together this article. If you have any questions regarding the treatment of pass-through entities under the TCJA or need assistance in forming, dissolving or administering a pass-through entity, the attorneys at Allison & Mosby-Scott can help. Please call us at 309-662-5084 or visit our website at www.allisonmosby-scott.com.
Allison & Mosby-Scott is pleased to announce that Derek J. Luster has joined the firm as an attorney at law. Derrek will concentrate his practice in business and commercial law, as well as providing risk management consulting for the firm’s risk management consulting practice, Allison & Mosby-Scott Risk Management.
Allison & Mosby-Scott was honored to be able to participate in Cornerstone Christian Academy’s high school mock trial. All the students did a great job.
On August 18, 2017, Governor Rauner signed into law Public Act 100-0205 which became the Illinois Collaborative Process Act. The Act took effect on January 1, 2018 and legislatively authorizes the collaborative divorce practice in Illinois. The Act is codified at 750 ILCS 90.
Collaborative divorce is a legal process which allows couples who want to end their marriage to work with lawyers, but to avoid the uncertainty and costs of litigation. Advocates of collaborative divorce argue that the process allows parties to achieve settlement that better meets the specific needs of both parties and, if applicable, their children.
The process is voluntary and no court can order parties to enter the collaborative process. The process starts when the parties sign an agreement to enter into the collaborative process. The lawyers who participate in the process are precluded from representing either party in litigation on the same matter.
The collaborative process can be used to facilitate a broad range of family law issues, including divorce, allocation of parenting time and responsibilities, support and pre- and post-nuptial agreements. If you are interested in the collaborative process, the attorneys at Allison & Mosby-Scott can help. Please visit our website or call us at 309-662-5084.
A postnuptial agreement is a legal contract between spouses who intend to stay together that spells out what happens if their marriage ends. There are many different reasons that couples may want to consider entering into a post-nup. If you are thinking about entering into a post-nuptial agreement, wanting to challenge a post-nuptial agreement, or need to defend a post-nuptial agreement, the attorneys at Allison & Mosby-Scott can help. Please call us at 309-662-5084. Also, please see this article on our website to learn more about postnuptial agreements.
The Tax Cuts and Jobs Act became Public Law No. 115-97 on December 23, 2017 when it was signed into law by President Trump. The Act amends the Internal Revenue Code of 1986 and is biggest change to US tax law since the 1986 law was passed. The Act makes substantial changes to tax law for both individual and corporations. Allison & Mosby-Scott has prepared this summary to help our clients understand the changes in the Act that impact our clients. If you have any questions on how this affects your business or you personally, please call the attorneys at Allison & Mosby-Scott at 309-662-5084.
Allison & Mosby-Scott would like to wish everyone a Happy New Year. Thanks to all our clients who allowed us to serve their legal needs in 2017. We look forward to helping our clients meet their personal and business goals in 2018.