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.
Godfrey area residents seeking to establish a nonprofit organization may wonder if a business plan is necessary. A business plan is a written document detailing the goals of a business and how those goals will be achieved. It is a commonly used tool in a for-profit...
As many people consider pets as part of the family, pet trusts are a tool many families count on time protect their pets if they pass away. Historically, pets were considered property in the eyes of the court, but nowadays, courts recognize that pets are living beings...
Finding out you are not receiving the inheritance you expect when a loved one dies can be upsetting and you may immediately want to argue that the will should not be followed as written. However, you cannot change the terms of someone else’s will just because you do...
The heart of contract litigation is based on predictability and certainty between the parties. Sometimes when events occur that are outside of the parties’ control, they are allowed to invoke their force majeure provision of their contract to relinquish any...
Estate taxes will not apply to most estates in Illinois, but for those high-asset individuals with significant wealth, the payment of estate taxes upon death is important. The following is a basic overview of the federal estate tax. The gross estate The gross estate...
Though it’s never a welcome experience, complications with your taxes do happen. If you fall behind and find yourself unable to pay all of your taxes, the IRS will take steps to collect them. When this occurs, you will have options but they will vary based upon the...
Legal issues involving real estate law can be some of the most detail-oriented and complicated issues that Illinois residents might face. Sure, a seemingly run-of-the-mill purchase or lease agreement might appear to be fairly straightforward, for example, but those...
If you are starting your own business in Illinois, you are probably aware that business owners face many unique challenges that they would not face if they were employees. One challenge may be being held personally liable for debts owed by the business. What is...
For many businesses in Godfrey and throughout Illinois, the methods in which they are paid for their goods and services have changed dramatically in recent years. Whereas in the past, people paid using cash, checks or credit cards, the new template includes...
An IRS audit is one of the most stressful situations you can face as a business owner. You may be concerned that the audit will affect your bottom line or even the viability of your business as a whole. It is important to understand your rights and options when it...
