In Illinois, buying and selling a home involves a lot of paperwork. One of the most important documents is your real estate contract. Everyone hopes the sale process will go smoothly; however, as we all know, life is unexpected. If you are selling your home, there are...
Experienced Representation In Business Law, Estate Planning And Tax Law
Experienced Representation In Business Law, Estate Planning And Tax Law
Experienced Representation In Business Law, Estate Planning And Tax Law
Godfrey Illinois Law Blog
What should I know about corporate registration in Illinois?
Starting a business in Illinois can be an exciting and somewhat worrisome time for prospective business owners and investors. Even those who already have a successful business might think about certain legal issues that need to be addressed. One is understanding how...
Essential points about revoking a will in Illinois
Estate planning is a wise step in Illinois. This is true for everyone whether they believe they have enough property to warrant it or not. It is especially true for those who have achieved significant success in life by building a business, accruing vast assets and...
New rules for inherited IRAs
Estate planning strategies that can reduce the tax burden are always welcome news for Illinois residents who want to take care of loved ones after they are gone. With ever-changing tax laws, however, it can be challenging to keep up with the new rules and how these...
What is key man life insurance?
Key man life insurance helps to protect a business’ most important asset: human capital. A business purchases this specific policy to insure the life of a company employee. Specifically, the insurance is designed to insulate the company from the losses of an employee...
Good intellectual property licensing can help avoid litigation
Once a business becomes successful, it likely has an entire intellectual property portfolio that includes patents, trademarks and various copyrights. And, one of the ways successful brands and businesses increase their income streams is by licensing parts of that...
Do I need a business plan for a nonprofit?
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...
A pet trust can protect your pet after you are gone
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...
Four reasons why a person’s will might be deemed unenforceable
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...
What is a force majeure clause?
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...