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September 2011 | Volume 4 • Number 7
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Update from ATG Trust Company
In Greek mythology Sisyphus was a king punished by being compelled to roll a giant boulder up a hill, only to see it roll back down. Each day he had to repeat this throughout eternity. According to legend he is still at it. Our own Sisyphus story is much more uplifting, though it was a long time before the rock reached the pinnacle and began its inevitable descent down the other side to the valley of success. One man had much to do with that success. Dennis (Denny) A. Norden was, at the time of his recent and untimely passing, only 66 years of age. In his role as Senior Vice President and General Counsel at ATG Trust Company, Chicago, he spent much of his time negotiating trust agreement language, advising attorneys on how to handle specific and unique drafting measures to satisfy the never ending variety of things people can think of to complicate the financial paths their heirs and beneficiaries will one day inherit. But his long road to that role is filled with story after story of the Sisyphus-like efforts he employed along the way during his nearly thirty-year career as an attorney in Kankakee, Illinois (read more). |
ATTORNEYS | Practice Notes
REAL ESTATE AND TITLE INSURANCE NEWS
Advantages and Disadvantages of the Transfer on Death Instrument - Several strategies exist that bypass the probate process when transferring property; however, each offers unique advantages and disadvantages.
LEGISLATIVE UPDATES
Illinois
Decedents: PA 97-0555 — Governs an owner's right to transfer residential real estate to one or more beneficiaries on the owner's death.
CASENOTES
Illinois
Mechanic's Liens: LaSalle Bank Natl Assoc v Cypress Creek 1, LP — Mechanic's lien claimants are preferred only as to the value of the improvements they made.
Indiana
Mechanic's Liens; Slander of Title: Walsh & Kelly, Inc v International Contractors, Inc — A party that files an invalid mechanic's lien may be subject to slander of title for malice and reckless disregard for the truth.
Wisconsin
Contracts; Foreclosure: Cambridge Financial Services, LLC v Rolon — Continuing to make payments on a mortgage after an agreement that arguably releases a lender&€™s mortgage interest can provide evidence of intent that overcomes contractual ambiguity.
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ATG MEMBERS | Underwriters' Bulletin
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CLAIMS CORNER
Closing Procedures: Prevent Claims: Follow these Eleven Tips
PROCEDURAL UPDATES
REMINDER: ATG Privacy Policy Notice - To comply with the Gramm-Leach-Bliley Act, ATG and its subsidiaries developed a privacy policy and notice informing customers, including buyers and sellers, that ATG will not disclose non-public, personal information to nonaffiliated third parties... read more
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IN THE NEWS | FREE NHS Events for Distressed Homeowners, Wisconsin Office Moving
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WHAT'S NEW | Member, CLE, Process, and Trust Services
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[Last update: 9-30-11]
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