The passage of time may have gone by quickly as you grew from a child to an adult. Now you may find that your parents are aging, you want to take good care of them. One way to ensure your parents are cared for in the manner they wanted, and that their wishes following...
Experienced Representation In Business Law, Estate Planning And Tax Law
Godfrey Illinois Law Blog
What can be done if people cannot pay their taxes to the IRS?
The tax season is wrapping up in Illinois. Many people completed their tax returns months ago and filed them with the IRS as many people are expecting returns or do not expect to owe anything more than they have already paid throughout the previous year. There are...
Guardianships in Illinois
When a person is unable to make decisions regarding his or her personal care or finances because of a mental, physical or developmental disability, it may be necessary to appoint a guardian for that person. The person for whom a guardian is appointed is called a ward....
3 signs of undue influence in your aunt’s estate plan
If you have a special relationship with an elderly aunt, you undoubtedly want to respect her wishes. By creating a comprehensive will, your aunt both decided what happens to her assets after her death and avoided intestacy protocols. Still, if someone exerted undue...
Are you in a blended family? Estate plan carefully
If you want to preserve your wealth and ensure that it passes to your loved ones in a way that you see fit, then you need a detailed and holistic estate plan. That might sound easy enough, but a lot of people think that they can forego estate planning if they just...
Avoid these problems with investment properties
Low interest rates may usher one of the most lucrative markets for investment properties this spring. There may be excellent opportunities to add to a real estate portfolio or even making a first-time purchase of an investment property. But you should be aware of...
Strife in a small business can lead to complicated litigation
Most businesses are privately owned, meaning they are not traded on one of the public stock exchanges. Many of these businesses are organized as privately held corporations or as limited liability companies, or LLCs. When affairs are operating as intended, the...
Compensatory damages in breach of contract claims
Businesses in Illinois enter into contracts every day with the expectation that each side will hold up to their end of the deal. Contracts form the backbone of many business dealings, but things do not always run smoothly and sometimes a party ends up breaching the...
What happens if the IRS audits you?
Individual taxpayers and business owners may feel anxious or fearful after receiving an IRS audit notice. However, preparing for an audit can help streamline this process and help you fulfill IRS requirements. Take these steps if you have learned that the IRS plans to...
Estate planning tasks to do now, while one is still healthy
Let’s face it, estate planning right now is a hot topic. It is just a sign of the times we live in. But, there are some estate planning tasks that everyone should do now, while they are healthy. Think about and document one’s health care wishes When people begin the...