Asked and AnsweredBy John W. Olmstead, MBA, Ph.D, CMCQ. We are a 4 attorney firm in Columbus, Ohio. Three of our partners are in their 60s and contemplating their exit strategies. We have a very profitable high profile practice and have been approached by a couple of very large firms concerning possible merger. We believe that this would be our best exit strategy. What mistakes have you seen other firms similar to ours make that we should avoid?

ISBA Director of Legislative Affairs Jim Covington reviews bills in Springfield of interest to ISBA members. In this episode he covers Tort cases and settlement problems (Senate Bill 1912), Filing fee increase (House Bill 2327), Visitation (House Bill 2992), Fraudulent real estate documents (House Bill 2832), Access to Justice Act (House Bill 3111), Collection procedures (Senate Bill 1044), UM coverage (Senate Bill 1898) and FOIA (House Bill 2747). More information on each bill is available below the video.Tort cases and settlement problems. Senate Bill 1912 (Raoul, D-Chicago; Sims, D-Chicago) amends the Code of Civil Procedure to create an enforcement mechanism for cases that settle but the defendant won’t comply with the settlement. It is limited to cases seeking money damages involving personal injury, wrongful death, or tort action. It requires a settling defendant pay all sums due to the plaintiff within 21 days of tender of all applicable documents required under this new Section.

ISBA President John E. Thies and Attorney General Lisa Madigan discuss the mortgage foreclosure crisis and what homeowners who are facing foreclosure should do.

Your client asks why her 35-year-old bipolar daughter no longer qualifies for SSI or Medicaid and has been warned to leave her Section 8 apartment.It turns out that the client’s recently deceased brother left $50,000 to each nephew and niece, making the daughter ineligible for key government benefits.As often happens with incapacitating disorders, the daughter's schizophrenia didn't manifest until later in life. But, as Carl M. Webber and J. Amber Drew explain in the latest ISBA Elder Law newsletter, "[a]ny beneficiary can become disabled at any time. A will speaks as of the future date of death and should protect beneficiaries who may become disabled during the time between the execution of the will and the death of the testator."How to do it? "In all cases, a will should include a paragraph that allows the executor to set up Supplemental Needs Trusts, if, at the time of the death of the testator, any beneficiaries qualify under the Social Security Administration’s definition of 'disabled,'” they write. Find out more and view a sample trust provision.