PLEASE NOTE: Farrell Hamilton & Julian, P.C. will remain open and available to serve you during the COVID-19 crisis. We are offering our clients the ability to meet with us in person, via telephone or video conference. Please call our office to discuss your options.
Whether you are buying your forever home, a vacation home or you are downsizing to a smaller home, one section of your purchase agreement will likely contain contingencies. Contingencies benefit buyers in Illinois by permitting them to cancel the purchase agreement if...
Small and midsized businesses in Illinois and across the country will still be able to take advantage of key provisions of tax law affecting pass-through income in 2021. Despite the apprehension many may have felt at changes to current tax law to pay for major...
As readers of this blog know, estate planning is not a quick process because it is about designing how one’s entire accumulated life will be delt with after death. However, this slow and methodical approach is often hard for those with attention deficit hyperactivity...
As you established your small business in Illinois and watched it grow into a lucrative enterprise, you may have been focused on the here-and-now. However, the day will eventually come when you want to leave the business, for example, to retire. If so, you will need a...
The executor role in the management and administration of an estate is an important one which is why estate planners should know what to take into consideration when deciding on an executor for their estate plan. When estate planning, there are many considerations to...
As we approach the end of the year, it is helpful to evaluate an estate plan to determine if it is current and meeting the needs of the estate planner. It is also valuable for the estate planner to know what questions to ask when considering the usefulness of their...
Buying a home is often one of the largest purchases a Godfrey area resident will make. The home buying process can be complicated, and many buyers don’t understand all the ins and outs. Although just having a realtor can work fine when purchasing a home, bringing in...
When embarking on the estate planning process, there are various documents one should consider including. While one is likely to think that a will is the most important document, the reality is that a trust can help provide immense protection for property and assets...
One of the things that makes real estate law so complex is that many parties can have claims on a piece of property. For instance, if a property owner dies and leaves the property to their family, various family members may have a legal interest in the property....
When we think of taxes, sales or income tax is what usually comes to mind. But capital gains and estate taxes are in the news a lot these days as the current administration seeks ways of paying for top dollar initiatives such as infrastructure, social services and...
