Law Offices of Tedone and Morton, P.C.

Joliet Office

815-666-1285

Plainfield Office

815-733-5350

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injury-caseIf you sustained an injury in an accident, you likely have many questions. You may be unsure of your rights or how to proceed. By reading this handy list of common questions in personal injury cases, you can improve your understanding of what to do after you have been injured in any type of accident.

1.      Am I entitled to compensation?

If your injury was the result of another party's negligent actions, you may be able to recover compensation for your damages. In the event the accident was your fault, you probably will not be compensated.

2.      What does negligence mean?

When someone engages in negligence, they fail to uphold a legal duty of care. For example, all drivers have the legal duty to be careful when behind the wheel. If they drive recklessly or disregard a law, they are considered negligent.

3.      Should I take the insurance company's offer?

Right after an accident that was not your fault, you may be tempted to accept any settlement you are offered. Since insurance companies are in the business to make money, they are likely to offer you a low amount in order to save money. It is important to refrain from accepting a settlement until you have consulted a lawyer.

4.      What is statute of limitations?

The time period you have to file a lawsuit is known as a statute of limitations. A lawyer can help you determine the statute of limitations for your particular case.

5.      How much money will I receive from my claim?

Personal injury claims significantly vary in value. For instance, one claim may be worth a few thousand dollars while another one is valued at millions of dollars. The specific details of your accident as well as your injury and damages will all play a role in how money you may receive.

6.      Is a lawyer necessary?

Although you can represent yourself in a personal injury claim, doing so can be stressful and hurt you down the road. Rather than trying to tackle your claim on your own, hire an experienced personal injury lawyer who is well-versed in personal injury law and can maximize the value of your claim.

Contact Our Joliet Personal Injury Lawyers

If you or a loved one has been injured in a personal injury accident, you should reach out to our highly skilled Joliet personal injury lawyers. We will answer all of your questions and ensure your rights are protected. Call the Law Offices of Tedone and Morton, P.C., today at 815-666-1285 for a consultation.

Source: https://www.edmunds.com/auto-insurance/how-car-insurance-companies-handle-car-accident-claims.html

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expertIn order to support a victim's case, personal injury attorneys often depend on information from expert witnesses. Expert witnesses can provide testimony that is more comprehensive than an everyday individual who may have been involved in an accident may be able to offer. In some cases, an expert witness may be the only individual who can prove that an injury was the result of negligence and how it may impact the victim's life.

Regular Witnesses vs. Expert Witnesses

In most personal injury cases, witnesses may be contacted to clarify any uncertain issues. It is important to understand that not all witnesses are considered expert witnesses. For instance, someone on the street who saw an accident happen is a regular witness. They do not have certain knowledge about a subject that an expert witness may have.

Since expert witnesses are typically busy and expensive, personal injury lawyers only use them when there is a contested issue that must be clarified. The testimony of expert witnesses often determines the outcome of the case.

Types of Expert Witnesses

There are different types of expert witnesses including:

  • Medical Experts: Medical experts are hired to testify about the victim's injuries, treatment options, and recovery. They may be asked to explain how an injury may affect a victim for a certain period of time or for the rest of their life.
  •  Mental Health Experts: Mental health experts are asked to prove how an accident may have affected the mental and emotional well-being of the victim. This information may be used to calculate compensation for damages such as pain and suffering and emotional distress.
  •  Accident Reconstruction Experts: Accident reconstruction experts have the knowledge and experience to reconstruct exactly how an accident arose. They may use special computer programs or drawings to do so.
  •  Economics Experts: The role of economics experts is to testify how an injury has and will impact the financial situation of a victim.
  •  Engineering Experts: Engineering experts may describe how a road's design contributed to an accident. They may be used in motor vehicle or premises liability cases.
  • Manufacturing Experts: When there is a belief that a certain product or part led to an injury, a manufacturing expert can help. For example, they may find that faulty brakes led to a car crash.

Contact Our Joliet Personal Injury Lawyers

If you or someone you love has been injured in a personal injury accident, you should reach out to our highly skilled Joliet personal injury lawyers. We will determine whether an expert witness is necessary to support your case. Call the Law Offices of Tedone and Morton, P.C., today at 815-666-1285 for a consultation.

Source:

https://www.academyofexperts.org/guidance/users-experts/what-an-expert-witness

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family-businessWhen two people get married, they do not anticipate a divorce. Similarly, business partners do not embark on a business venture with the belief that it will fail. When spouses become business partners and go through a divorce, finances can become very complicated.

Illinois Property Division Law

Under the Illinois property division law, there is tangible and intangible property. Real estate is an example of tangible property while retirement funds, stocks, and business equity are considered intangible property. Both tangible and intangible property is viewed as either separate property or marital property. Anything that each spouse acquired before marriage is classified as separate property. Marital property, however, includes income, assets, debt, equity, and anything else a couple acquired during their marriage. It is important to understand that even if an asset is in one spouse's name, it is considered marital property because it was acquired when the couple was married and could benefit both individuals.

Business Valuation in Illinois

If one spouse received equity in a business while they were married, the other would still be entitled to a share of the business. In the event the spouses were business partners, determining who deserves the business as well as all the income, assets, and debts associated with it becomes tricky. Fortunately, many couples have buy-out clauses in their business documents or prenuptial agreements that make this decision far easier. If a couple does not have any of these in place, shareholders may allow one spouse to buy out the other. However, this is only a viable solution if one spouse is willing to leave the business.

If both spouses would like to continue to be involved in the business, the future and survival of the business will dictate what happens. Sometimes, ex-spouse will decide that their business is their top priority and will continue to manage it together.

To make the right decision for yourself and your business, you should get a business valuation that provides information regarding:
  • What your business is currently worth;
  • How much your business will earn in the future;
  • Debt realization;
  • Inventory; and
  • The financial interest in the business of each spouse.

Contact Our Plainfield Divorce Lawyers

We understand how difficult it can be to end a marriage and potentially lose a business. If you and your soon to be ex-spouse are business partners, it is essential that you reach out to our experienced Plainfield divorce lawyers at 815-666-1285 for a consultation.

Source:

https://www.inc.com/guides/2010/05/protecting-your-business-from-divorce.html

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hidden-assetsWhen the process of divorce begins, many people will attempt to hold on to what they consider their own money. Believe it or not, some even have bank accounts and engage in financial activities that their spouse is not aware of. If you would like to ensure you receive a fair divorce settlement, it is essential to expose any hidden assets. Here are some tips on where to look for hidden assets during a divorce.

Tax Returns

Since hiding income from the IRS can lead to serious penalties such as hefty fines and even prison, most people do not hide their income. If possible, closely examine tax returns from the past five years to search for any income inconsistencies, trusts, or real estate holdings.

Checking Account Statements and Canceled Checks

If there is a canceled check for a purchase you were unaware of, there will be a significant difference in the total assets divided. If possible, obtain copies of all financial accounts and keep a close eye on checking account statements and canceled checks.

Savings Accounts

Take a close look at any savings accounts and determine whether there are any unusual deposits or withdrawals. They may mean your spouse is hiding an asset such a dividend.

The Courthouse

If your soon to be ex-spouse borrowed money from a mortgage company or bank, you can receive a copy of their loan application from the courthouse. Their loan application will reveal all of their assets and estimated values and can give you a clear idea of what they are worth.

The County Auditor

The county auditor will have information related to any money that your soon to be ex may have taken from savings accounts and used to purchase real estate. You will be able to easily find any homes or land they own as well as the address and taxable value of each.

Lifestyle Analysis

Consider the lifestyle of your soon to be ex-partner. Does their income match the type of clothing they wear, the car they drive, and activities they participate in? If you believe their lifestyle is more lavish than their reported income could support, they may be hiding assets from you.

Contact Our Plainfield Divorce Lawyers

Although our Plainfield divorce lawyers can help you search for hidden assets, you should take a proactive role in looking for them. To ensure your rights are protected during your divorce case, we encourage you to contact our highly skilled Plainfield divorce lawyers at 815-666-1285 for a consultation.

Source:

http://www.divorceandfinance.org/news/284737/Techniques-for-Discovering-Hidden-Assets-and-Unreported-Income-During-the-Divorce-Process.htm

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prenupMore and more couples are protecting their financial futures by signing a prenup before they get married. However, many of them are making certain mistakes that could hurt them rather than help them in the event their marriage does not work out. Here are some of the most common prenup mistakes to avoid.

No Independent Legal Representation

It is important for both parties to hire separate attorneys. This way, each attorney can help each party thoroughly understand the prenuptial agreement. It can be difficult for both parties to feel comfortable with the prenup parameters if they have the same attorney.

Allowing Emotions to Get in the Way

Sometimes, couples let their emotions get in the way and are unable to communicate and clearly think about what is right for their future. Couples should understand that a marriage is a financial partnership in addition to a romantic partnership. It is vital they view their marriage as a business transaction and try to put their emotions aside.

Continuing to Think About the Prenup

After couples have carefully designed a prenup and discussed it, they should sign it and move on with their lives. Rather than continuing to think about the prenup, they should focus on their engagement and marriage and hope they never have to think about their prenup again.

Not Wanting to Talk About It

It is true. Talking about a prenup is not as fun as talking about a wedding or honeymoon. However, by not talking about it, someone can be hurt in the future. It is imperative that couples communicate about what to include in their prenup and work together to design one that will protect them both if things work out. Failing to do so can lead to financial hardship in the future.

Failing to Disclose All Assets and Debts

The court may consider a prenup invalid if one party does not completely disclose all of their assets and debts. Therefore, it is vital that each party is forthcoming about all of their financial information in the agreement.

Waiting Until the Last Minute

Often times, couples wait until a few weeks or days before their wedding to sign their prenup. This is risky because one party can argue that they were forced into signing the agreement if a divorce does arise. If possible, prenups should be signed three to six months before the wedding.

Contact Our Plainfield Divorce Lawyers

To ensure your prenup is constructed properly and you do not make any of these common mistakes, reach out to our experienced Plainfield divorce lawyers at 815-666-1285 for a consultation.

Source:

https://www.huffingtonpost.com/david-centeno/10-common-prenup-pitfalls_b_4214860.html

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