Rockford Family Law And Estate Planning Blog
Illinois law: How parenting time is determined and allocated
In the event that you and your spouse decide to separate with children involved, then the courts will determine the parenting time allowed to each person. If there are no issues regarding illegal activities on the part of one parent, Illinois courts will provide both...
Does a spouses’ job affect divorce rates?
Most married people in Illinois understand the affect family finances can have on their marriage. Many studies point to financial disputes as a leading cause of divorce in the country. However, recent studies show the type of work performed by a spouse may play an...
What happens to a joint bank account during a divorce?
Once you file for divorce in Illinois, it's time to close your joint bank account. Unfortunately, it's not as easy as withdrawing half the money and then asking the bank to transfer the rest to your former spouse. In fact, taking money out of the account at the wrong...
Estate planning tips for Illinois parents
Eventually, some or all of the money or other assets that were acquired during your lifetime will be passed down to your children. Therefore, it is important to have a transfer plan in place that allows your children to use their inheritance wisely. How much will your...
Business & Divorce: Areas to focus on during the process
It's been said that 1 in 2 marriages will fail. That makes those with their own business in Illinois and across the country very nervous at the prospect of having to split their business. Even if you don't own a business but instead own a portion of one, the divorce...
Keep estate planning in mind during remarriage
With the rise of "gray divorce" in Illinois and across the country, a growing number of people are not only choosing to divorce later in life; they are also opting to remarry. When making the decision to marry again, it is important to consider your estate plan during...
Checking an estate plan for remarried individuals in Illinois
As divorce in later years of life becomes more common, residents of Illinois may want to focus on ensuring that their estate plans are up to date. An estate plan is most beneficial when it is updated regularly and reflects a person's current wishes. Common pitfalls...
Helping teens cope with divorce
When parents divorce, they may understandably worry that their young children will have difficulty dealing with the new circumstances. Parents of teens, however, might not anticipate having as many issues. After all, teenagers often seem to have one foot out the door...
Handling a child’s request to change homes
After a divorce or child custody case concludes in Illinois, some children will decide that they would rather live with the noncustodial parent. When a child expresses an interest in changing where he or she lives, it is important for the parents to handle the...
The variables to consider when creating an estate plan
Ideally, any adult living in Illinois will have an estate plan in place. The exact structure of your plan will depend on your age, if you have minor children and the type of assets that you have. It may also depend on whether you or your children have special needs to...
