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Power of Attorney Act. Public Act 97-868 (Dillard, R-Westmont; McAsey, D-Lockport) amends this Act to exclude certain kinds of agreements from the Act’s regulation.

The retention period of a document is an aspect of records management. It represents the period of time a document should be kept or “retained” both electronically and in paper format. At the termination of the retention period, the document is usually destroyed.

QTIP trust is a type of trust and an estate planning tool used in the United States. “QTIP” is short for “Qualified Terminable Interest Property.” In the U.S., each citizen is granted a credit against the gift and estate tax. When gifts and inheritances exceed the amount of this credit, a tax is imposed.

IN RELIABLE FIRE EQUIPMENT COMPANY2011 Ill. LEXIS 1836; 2011 IL 111871; 33 I.E.R. Cas. (BNA) 278, the Supreme Court tightened the rules on restrictive covenants.

The unsecured creditors committee in Tribune Co.’s bankruptcy case asked a Delaware judge Monday for the right to sue Chicago real estate magnate Sam Zell and other investors and lenders who participated in the company’s ill-fated 2007 leveraged buyout. The motion was largely procedural, and the document said the request is not aimed at disrupting a court-ordered mediation in the case, which is scheduled for this month.

Increased business confidence and continued legal hiring are expected in the fourth quarter of 2010. Twenty-nine percent of lawyers interviewed for The Robert Half Legal Hiring Index plan to add legal jobs, while 6 percent anticipate declines, resulting in a net 23 percent increase in projected hiring activity.