Farrell, Hamilton & Julian, P.C.

Godfrey Illinois Law Blog

Why 'House Buyers of America' is taking over

Over the years, the real estate industry in Illinois has ebbed and flowed like much of the other components of the economy. However, as of late, real estate all throughout the nation appears to be at an all-time high. Buyers and sellers are exploring new ways of advertising and purchasing properties, and the processes of both buying and selling are changing with the technological advances of today's professionals. 

Recently, a new phenomenon, House Buyers of America, has been dubbed "The Amazon of Real Estate," by many who are pleased with the efficiency of the home selling process compared with traditional methods. The company, with headquarters in Chantilly, Virginia, has revolutionized the process of selling property and aims to benefit the consumer rather than realtors and other professionals who generally assist in the process of buying and selling real estate. 

Estate planning is not just for people with children

You have heard people discuss the importance of creating an estate plan, but you brush it aside because you do not yet have a family or dependents of any kind. In fact, you are doing relatively well for yourself and are confident in your ability to manage your own life in the current moment. At Farrell, Hamilton & Julian, P.C., we have helped educate many people in Illinois about the importance of investing in an estate plan early on. 

Perhaps the largest misconception about estate planning is that it is intended for people only if they are aged and nearing their final years. On the contrary, no matter how young you are, beginning the steps to creating an estate plan can be incredibly beneficial and rewarding. Developing a well-rounded estate plan that caters to your lifestyle and desires can take time to put together, but when done at a stage of your life where you are not stressed, you can spend time thinking about the details. Should you wish to modify anything down the road, it will be much easier to do so than to be trying to create a plan when your life has changed drastically and you are in a bind. 

What should I fight for in a business negotiation?

You have just been presented with an invaluable opportunity to do business with some incredible companies in Illinois, but part of reaching an agreement with them requires you to negotiate. This aspect of business is truly an art and one that you have to develop and constantly work at to be able to be successful. Understanding what you should be fighting for in a business negotiation and what you should forget about is important to make sure that you get what you really want out of a deal. 

Asking for too much can cause you to lose a potentially valuable deal that may have taken your organization to new heights. On the contrary, being too passive could leave you with a good deal, but less than you were capable of winning with a bit more tenacity. Finding the balance is often the most difficult accomplishment, but with practice, you can get exactly what you want without compromising benefits you would rather keep. 

Effective CC&Rs require proper drafting and enforcement

Living in a covenanted community has its benefits. Gated or closed neighborhoods tend to be well-maintained, quieter and safer. Additionally, it’s easier for homeowners to retain or increase investments made in their properties.

A homeowners’ association checks that residents follow covenant guidelines. It’s no easy feat, but without cooperation comes disarray.

When should you update an estate plan?

Once you’ve drafted a will or estate plan for the first time, the work doesn’t stop there. These important estate plans need to remain up-to-date with the changes in your life, the good and the bad. Be proactive in maintaining this information and prevent unnecessary hassle for loved ones once the plans come into play.

There’s no specific age or time period when a person should update their will. Each person must plan according to their own lifestyle and familial changes in order to keep an estate plan relevant to their current circumstances.

Trust is paramount when choosing a power of attorney

It took years, maybe decades, to create the life you have now. All your aspirations, hard work and commitment has produced assets in which you want to protect. Now is the time to think about how your assets will be handled once you’re gone, or unable to make important decisions. Who will act on your behalf? That’s quite a role to fill.

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