New business owners may feel overwhelmed by the number of decisions they have to make when forming a business. They may wonder what their options are when forming a business. Business formation should not be a decision new business owners worry about if they are armed...
Experienced Representation In Business Law, Estate Planning And Tax Law
Godfrey Illinois Law Blog
What is a quiet title action?
Acquiring property is a momentous occasion in a person’s life. A car, a house, a vacation home – these are true measures of our hard work. However, nothing dampens the mood like finding out other people may also have an ownership stake in the property. For those in...
A living trust is a useful estate planning option
Estate planning can sometimes seem overwhelming, but it doesn’t have to be. A living trust is an estate planning option that may be worth considering. It goes into effect while the person who creates it is living and it can be revoked. The person who creates the trust...
The ins and outs of a class action lawsuit
When an individual is harmed by the wrongdoing on another party, the victim may question if they are the only one. This is common when a product leads to the injury of numerous consumers or a defect has led to several injuries or deaths; however, it could also happen...
3 common myths about probate
After you die, your estate will go through probate. This is the legal process of administering your estate as well as proving that your will (if you have one) is valid. This process also involves executing the instructions in your will and paying any applicable taxes....
Could innocent spouse relief save you from tax debt?
Getting a tax bill can be frightening, especially when it’s unexpected. Sometimes a request for payment comes as a result of a minor miscalculation on your part or even an error made on behalf of the IRS. But sometimes a tax liability is so large and out of left field...
What makes a contract valid?
When an Illinois business owner enters into a contract, he assumes that it is valid and legal. A contract is a legal agreement between multiple parties. It usually details specific terms between the parties and ensure that everyone is in agreement. Contracts help...
Defective titles can put the home buying process to a halt
Buying a home, whether it is your starter home or your “forever” home is an exciting process. There are many steps in the home buying process in Illinois. One major part of purchasing a home is a title search. Title searches are essential, as a defective title may...
Potential changes to Illinois tax law up for vote
For Illinois residents, taxes can be confusing. In recent years, there have been drastic changes to the federal tax law. Depending on the political climate and philosophies of those controlling the levers of power, it is common for there to be different templates as...
3 estate planning items to revisit after age 60
From ensuring a seamless transfer of assets to establishing clear directives about your preferences for medical care, a solid estate plan is essential. Unfortunately, the American Bar Association reports that only 64% of Americans have one. Periodically revisiting...