If you are a new business owner in Illinois, one of your first steps will be determining which type of business formation you want for your business. The formation you choose will serve as the blueprint for your business and will have a significant impact on all...
Experienced Representation In Business Law, Estate Planning And Tax Law
Godfrey Illinois Law Blog
What should you know about easements?
Real estate law is one of those areas where many people tend to see more complications than solutions. There is no doubt that this area of the law is oftentimes heavy on documentation, records and the exact wording of contracts. Easements, for example, fall under an...
What is a power of attorney and why is it important?
One of the most important decisions individuals can make when getting their estate in order is whether or not to include a power of attorney (POA) to help with financial or health concerns. Along with all the other important estate planning documents, a POA is...
Common contingencies in purchase agreements
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...
The QBI and who it will affect in 2021
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...
Estate planning for those with ADHD
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...
Have a succession plan in place before you need it
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...
How to select an executor for your estate
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...
Questions to ask about when to update your estate plan
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...
How an attorney can help with a home purchase
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...