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Harvest Deferral Carbon Credits – We Can Help!

By |2021-03-25T17:51:03-05:00February 19th, 2021|

This blog is for landowners who have timber property. “Carbon Credits” can be obtained for these owners who agree to defer harvesting for a period of one-year or longer. In turn, companies who are attempting to reduce their “carbon footprint” (e.g. obtain carbon neutrality) are purchasing the credits from qualified timber owners. To date,

TIME TO PRIVATIZE AUSTIN ENERGY

By |2021-03-25T17:51:35-05:00February 18th, 2021|

Millions of Texans are experiencing electricity insecurity during this unprecedented winter storm. How tragic. I genuinely hope and pray that there are no deaths and that our economy is not terribly disrupted. I am fearful my prayers will not be answered in the affirmative. There will be plenty of blame and finger-pointing, and, hopefully, good

JUST DO IT! Being an estate executor or administrator is hard work!

By |2021-03-25T17:51:52-05:00January 5th, 2021|

This blog is directed towards estate executors and administrators.Long, Long Ago, in a Galaxy Far, Far Away, I could call local banks, identify myself as a local attorney and get all sorts of information for my estate clients. Grandpa had passed away – please give me his account numbers, the value of the accounts, and,

Rethinking the Drafting of Oil and Gas Leases (the price of glue)

By |2021-03-25T17:52:07-05:00December 30th, 2020|

Long ago, oil companies purchased oil and gas leases with a 1/8th royalty, a ten-year primary term, annual delay rentals of $1.00 per acre, and on pre-printed forms (usually called Producers 88s). My, how times have changed! Bonuses, of course, are significantly higher. Primary terms are shorter and much language in the lease is

Last Minute Tax Strategy – Doing Good and Saving on Taxes!

By |2021-03-25T17:52:22-05:00December 22nd, 2020|

If you are like me, you find the holiday season to be a busy time. Interspersed between buying Christmas gifts, receiving Christmas gifts, and spending time with family and friends, I find myself making last minute donations to my favorite charities. Here is a neat little trick – avoid capital gains taxes by giving stock

A COMMITMENT TO OUR CLIENTS

By |2021-03-25T15:20:39-05:00November 6th, 2020|

While I could focus on many things, today I want to focus our firm’s commitment to our clients. As an Illinois attorney, I am constantly reminded of the many fine attributes of Abraham Lincoln, who in addition to being a great president was probably the greatest Illinois lawyer. A recent article, from which I am

ARE YOU FLUSHING YOUR MONEY DOWN THE LAVATORY?

By |2021-03-25T15:20:45-05:00October 30th, 2020|

Last month I wrote a short blog on the hazards of investing in oil and gas well ventures, which are often unregulated investments free from any scrutiny by the Securities and Exchange Commission. If it is an unregulated investment, the sole remedy if you are “bamboozled” is to go to court. Regulated securities, namely stock

I AIN’T SIGNING NOTHING – FOR NOTHING

By |2021-03-25T15:20:52-05:00October 26th, 2020|

BIO: The Wilhelm Law Firm, consisting of Edward Wilhelm and Jack Wilhelm, provides a broad range of legal services to oil and gas well operators, mineral estate and royalty interest owners, mineral and royalty buyers and sellers, and oil and gas landmen. We also assist surface estate developers, including but not limited to, solar panel

MAKE THOSE INDEMNITY PROVISIONS “CONSPICUOUS”!

By |2021-03-25T15:20:59-05:00October 20th, 2020|

For any small business, having good liability insurance is an absolute must. As well, having a good local attorney that can review commercial contracts, which often contain indemnity provisions, is also an absolute must! Indemnity clauses, which appear in many, many contracts and many, many types of contracts, are drafted to relieve one party to

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