There is no single perfect way to plan for the future. If you are considering what you may need for your estate plan, it may be helpful for you to look at the tools available to you beyond a basic will. A will is a good place to start, as this is a document that...
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Godfrey Illinois Law Blog
Tips for first-time homebuyers in Illinois
Buying one’s first home in Illinois can be a very exciting, but also stressful, experience. Navigating the home-buying process comes with many challenges. Finding the right location, choosing the right home, and financing the costs of the home can leave buyers with...
Illinois entrepreneurs may find tax laws prohibitive
When choosing where to start a business, entrepreneurs have many things to consider. Starting a business in Illinois may have benefits for a business owner, depending on their goals. However, because of the tax rates in the state, in combination with local taxes, some...
Understanding probate in Illinois
When one is estate planning in Illinois, it’s helpful to understand the probate process. Not all estate plans must go through probate. In fact, many people wish to create an estate plan that will not require probate, which can decrease the stress on family and friends...
Resolving business disputes
Most businesses in Illinois will deal with some type of dispute, and many will face these issues on more than one occasion. A business dispute between partners, shareholders or others with an interest in the organization can decrease productivity and negatively impact...
Is it time to review your estate planning documents?
When you originally created your plans for the future, you made your decisions based on the information you had at the moment. Life continues to change after your estate plan is final, and it may be necessary to adjust and change your plans as needed. Every few years,...
Were Illinois homeowners taken advantage of in deal?
Buying or selling a home can come with challenges, especially in a market that fluctuates frequently. While many homeowners may be comfortable in their homes and have no intention of selling, others prefer having options if the desire to sell arises. Sadly, because...
Tips for choosing the right power of attorney
Estate planning in Illinois involves making many choices, some of which can impact one’s life if a medical emergency happens. While most estate planning decisions are made based on what should occur after death, a power of attorney will make important decisions in the...
Overcoming the challenges of starting a business in Illinois
Starting a business from scratch comes with challenges. While many people in Illinois dream of being entrepreneurs, reaching those goals can be difficult. Starting a business requires time, money, and knowledge of the market. Those who wish to start a new business can...
Updating an estate plan regularly is important
Many people in Illinois are under the assumption that once an estate plan is in place, there is no further action that needs to be taken. This isn’t true, especially for those in a high-asset situation. Estate plans must be kept current and should be updated regularly...