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IN THIS ISSUE
Three Costly Mistakes to Avoid When Entering a Long-Term Care Facility
By Anthony B. Ferraro
Dealing with Abandoned Property or Vacant Lots
By Julia Jensen Smolka
FinCEN's Real Estate Reporting Rule:
What It Means for Closings Right Now
By Artur Zadrozny
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Three Costly Mistakes to Avoid When Entering a
Long-Term Care Facility
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Mistake #1: Signing a Long-Term Care Contract Without Legal Review
Long-term care contracts often cost between $8,000 and $15,000 per month. We have seen some Continuing Care Retirement Community contracts that require initial deposits ranging from $200,000 to $750,000.
These contracts should be reviewed by an elder law attorney before signing. Certain long-term care...
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| | Dealing with Abandoned Property or Vacant Lots | | As an experienced bankruptcy and real estate litigation attorney, I receive at least one phone call each quarter from someone who purchased property during the 2000s in areas where there was a promise of gentrification. The properties did not increase in value, and many owners became stuck with neglected real estate. Municipalities would issue citations for weeds, failure to mow, and failure to secure vacant homes. Over time, those fines added up. Eventually, many owners stopped paying property taxes and abandoned mortgage payments altogether... | |
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FinCEN's Real Estate Reporting Rule:
What It Means for Closings Right Now
| | As a real estate attorney, I often help clients navigate the growing overlap between property transactions and federal regulation. Few recent developments have raised more questions than the Financial Crimes Enforcement Network’s (FinCEN) Residential Real Estate Reporting Rule. While the rule was designed to increase transparency in certain residential transactions, it also raised serious concerns about cost, privacy, and delay. With litigation still unfolding, this is a good time to step back and look at what FinCEN is, why this rule was created, and what it could mean for attorneys, title companies, buyers, and sellers... | |
| | RD Welcomes New Attorneys! | |
Luis C. Gutierrez
Associate
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RD welcomes Attorney Luis C. Gutierrez to the firm. Luis focuses his practice on litigation matters. Prior to joining the firm, Luis built a strong legal foundation through federal judicial externships, public sector service, and private practice. His experience as a family law attorney and Judicial Extern to the United States District Court for the District of Massachusetts and the United States Court of Appeals for the First Circuit, provided him with substantial courtroom experience and valuable insight into how disputes are presented, analyzed, and resolved. We are pleased to have Luis join our team and look forward to the guidance and advocacy he will provide clients from the early stages of litigation through its resolution.
T: 847.698.9600
E: lgutierrez@robbinsdimonte.com
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RD welcomes Attorney Lisa Vrabie to the firm. Lisa focuses her practice on trusts and estates, guiding individuals and families through the estate planning process with clarity and care. She works closely with clients to develop plans that protect loved ones, preserve assets, and reflect their long-term goals. Prior to entering the legal profession, Lisa spent fifteen years as a counselor, school administrator, and special education case manager. This experience shaped her ability to understand the challenges families face and the considerations that matter most to parents, children, and caregivers. We are proud to have Lisa join our team and look forward to the thoughtful guidance and perspective she brings to her clients and our trusts and estates practice.
T: 847.384.5930
E: lvrabie@robbinsdimonte.com
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RD Attends 2026 Installation Dinner for the
Northwest Suburban Bar Association
| | Carolina Y. Sales Sworn into 2026 Board of Directors of FALA Chicago | | Carolina Y. Sales was sworn into the 2026 Board of Directors of the Filipino American Lawyers Association of Chicago ("FALA Chicago") on May 21, 2026, at the FALA Summer Soirée. In this role, Carolina will support the organization's mission of advancing the Filipino American legal community through mentorship, professional development, and community engagement within the Chicagoland area. | | James J. Riebandt and Dominic G. Erbacci successfully defended a car dealership client in a binding arbitration conducted by the American Arbitration Association. The case involved issues related to the sale and purchase of a Land Rover Range Rover vehicle. The arbitrator issued a final award in favor of the car dealership and against the claimant on all counts. The claimant sought approximately $100,000 in alleged monetary damages for claims under the Truth in Lending Act, the Illinois Motor Vehicle Retail Installment Sales Act, the Illinois Consumer Fraud and Deceptive Business Practices Act, the Illinois Uniform Deceptive Trade Practices Act, the Illinois Attorney Act, the Americans with Disabilities Act, and unjust enrichment. | | Robert E. Harig, Jeffrey S. McDonald, and Nicholas A. DeConcilis represented a suburban Chicago manufacturer of custom lighting control panels in the sale of the company to a strategic buyer. The $7.7 million transaction was structured as a tax-free F Reorganization under the Internal Revenue Code. The transaction included the negotiation of a detailed securities purchase agreement, the formation of a new ownership entity within the seller group, the filing of necessary tax code elections, and a comprehensive due diligence production. | | Publication of this legal newsletter by Robbins DiMonte is not intended as a solicitation of legal representation, but rather educational purposes only as well as to give you general information and a general understanding of the law. It is written entirely by members of the firm. We welcome any comments or questions about topics covered in this or any issue. This newsletter is not intended as a replacement for individual legal advice. The contents of this publication may be quoted or reproduced if credit is properly given to the source. | | | | |
