Attorney Nelson S. Anthony's Legal Cases

Estate planning

In Re Pietranek

Jan 01, 2015

OUTCOME: Client's Estate Plan was updated and Simplified at minimal cost

Illinois Clients, husband & wife, asked for a review of their Estate Plan documents (2 Revocable Living Trusts, Powers of Attorney For Health Care, Powers Of Attorney for Finances, Wills, deeds, etc ... .) The documents were drawn up in 1998 and both Federal & Illinois death tax laws have been radically changed since then. For example, the federal personal exemption was $635,000 per person in 1998 and is now $5.4 Million. The Illinois tax exemption has been increased to $4.0 Million. The changes in the death tax law dictated changes in the Estate Plan so as to eliminate restrictions on distribution of the assets that were needed to avoid death taxes in 1998 but are not needed today. After explaining needed changes to the clients, I was able to provide them with a new Estate Plan that meets their needs at minimum cost because I was able to preserve the parts of the plan that were not affected by the changes in the death tax laws, among other things.

Contracts and agreements

Konopka vs. Tapper, Illinois District Court, Woodstock, IL.

N/A

OUTCOME: The Insurer paid all of my client's cost and settled at no cost to my client.

Client Tapper, who had a dog grooming business, was sued by her Landlord for breach of her Lease and for damages to the leased property when she removed her trade fixtures & relocated. Her insurance c ... ompany refused to defend her, even though she had a business policy that covered damage to the leased premises. I defended her and demanded that her insurer pay for her defense. The case was actively prosecuted and defended for about 10 months. I had counterclaimed against the landlord for my client's counsel fees in the event her insurer failed to pay and the Court agreed with the insurance company.

Business

Omni Motion with Breg, Inc.

N/A

OUTCOME: Both mediations were resolved in favor of my clients with no give up whatever.

Purchase of a California client I had represented for over 20 years, Omni Motion, Inc, . by Breg, Inc., for $5.25 Million. Terms were $4.25 million cash & $1.0 million in escrow-to be released in 18 ... months subject to certain conditions. My clients CEO was also employed for 2 years as CEO of the acquired company under an employment contract. I negotiated all of the documents on behalf of Omni Motion, Inc. & the CEO. After 18 months, my client's employment was terminated and I challenged that. Under the contract mediation was called for, then arbitration, if needed. Also, the Buyer failed to release the $1.0 million escrow after 18 months. I challenged that also. Both disputes were mediated by professional mediators in San Diego, California on two separate occasions-one for each dispute.

Nelson S. Anthony's Legal Cases (3)

In Re Pietranek

Konopka vs. Tapper, Illinois District Court, Woodstock, IL.

Omni Motion with Breg, Inc.