Real Estate Law Archives - Page 2 of 6 - Boodell & Domanskis, LLC

B&D Recognized for Real Estate Law Excellence in 2025 by Best Law Firms®

November 7, 2024 – We are proud to announce that Al Domanskis and Boodell & Domanskis, LLC have been recognized by Best Law Firms® as a Chicago Metro leading law firm in Real Estate Law for 2025. Best Law Firms® is a trusted resource for those seeking authoritative legal insight. They combine in-depth… Read More →

New Rule for Residential Real Estate Transfers

In August 2024, the Financial Crimes Enforcement Network (FinCEN) announced a Final Rule that is designed to combat and deter money-laundering by increasing transparency in the US residential real estate market. The rule requires that certain persons involved in a residential real estate closing are to report information to FinCEN… Read More →

FTC Non-Compete Clause Final Rule On Hold

On May 29, 2024 we reported that the Federal Trade Commission (“FTC”) had issued a final rule that would ban non-competition clauses between workers and employers, deeming them “an unfair method of competition” in violation of Section 5 of the FTC Act. Read the full article here. The ban was… Read More →

August is National Make-A-Will Month

Did you know that August is National Make-A-Will Month? As children start returning to school, it’s time for parents, grandparents, and others to make sure those children are protected in the event something happens to you. This means you should take some time to either have a will and trust… Read More →

10 Year Rule Finalized by IRS

10-Year Required Minimum Distribution Rule Finalized By The IRS In 2019, the Setting Every Community Up for Retirement Enhancement (“SECURE”) Act was passed and went into effect in 2020. Click here for the full SECURE ACT. The SECURE Act established that many people who inherited individual retirement accounts (“IRA”) or… Read More →

Boodell & Domanskis, LLC Welcomes Sarmistha Banerjee as Member of the Firm

B&D is pleased to announce that Sarmistha Banerjee has joined us as Member of the Firm. Sarmistha brings to our Team extensive experience in Estate Planning and Estate Administration, as well as in Family Law and Residential Real Estate. For more information about Sarmistha, click here…. Read More →

Amanda Anderson Joins B&D as Of Counsel

Boodell & Domanskis, LLC recently welcomed Amanda K. Anderson as Of Counsel. Amanda is part of the firm’s Real Estate and Estate Planning Teams. She brings with her a unique perspective and depth of experience in the real estate industry including roles as an advisor, mediator, managing broker, and as… Read More →

Non-Competition Contract Provisions Have Been Banned

For a long time, as attorneys we have drafted for you, our clients, employment agreements with non-competition provisions. The reason for these provisions was to limit your employees from going to a direct competitor and using the knowledge he/she/they learned while working for you. However, on April 23, 2024, the… Read More →

Effective July 1, 2024: Who Gets Overtime Pay?

On April 23, 2024, the U.S. Department of Labor (“DOL”) published a rule that expands overtime protections by raising the salary threshold for the Fair Labor Standards Act’s (“FLSA”) exemption for executive, administrative, professional, and computer employees and the total annual compensation level for the highly compensated employee exemption. This… Read More →

B&D Welcomes Noah Parrill as Associate Attorney

Boodell & Domanskis, LLC is pleased to announce we recently welcomed Noah Parrill to the firm as Associate Attorney. Noah will be working with the firm’s Corporate, Estate Planning, and Real Estate Teams…. Read More →

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