Most individuals who have been able to enjoy success have at least heard of estate planning. You may have heard of the subject or even done some amount of personal research. Estate planning is a large subject that can feel impenetrable for those on the outside,...
Godfrey Illinois Law Blog
What can I do when I face a business tax audit?
At one point, you may receive a letter from the IRS informing you of an audit on your Illinois business. This can be unnerving, but it does not have to be if you prepare for it. One thing to keep in mind, according to H&R Block, is the process can be lengthy...
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...
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...
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...
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...
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...
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...
