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July 2017 Archives

Charitable trusts provide tax benefits, flexibility and control

Establishing charitable trusts provides Illinois residents with a number of significant benefits. Charitable trusts can be important components of tax management and estate planning strategies, and they allow people to fulfill their philanthropic objectives while providing them with flexibility and control. Trusts can be set up to make charitable donations in the form of lump sums or income streams, and people are able to determine how and when these payments will be made.

Safety groups urge cautious approach to self-driving cars

The Illinois House Transportation Committee approved a bill in March that paved the way for fully autonomous vehicles to use the state's streets and highways. Several auto and technology companies have vowed to bring such a vehicle to the market within five years, and this has captured the attention of the nation's lawmakers and worried some road safety advocacy groups. Organizations like the National Highway Traffic Safety Administration want the regulation of self-driving cars to be dealt with at the federal level, and proponents say that a patchwork of local laws could allow unproven and potentially dangerous technology onto the roads.

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