Month: December 2021

Is accepting lump-sum spousal support a good idea?

If you stayed home to raise the kids while your soon-to-be ex-spouse worked, you may worry about your ability to support yourself after your marriage ends. Fortunately, like in other places, Illinois allows divorcing spouses to request spousal maintenance, sometimes...

Durable power of attorney laws in Illinois

If you get sick to a point where you cannot make medical and financial decisions for yourself, you will need someone you trust in Illinois to make these decisions for you. Nominating a durable power of attorney is crucial when creating your estate plan. Here are some...

What revocable trusts can and can’t do

When creating your estate plan in Illinois, you have a right to create a trust to protect your assets. The legal formation of a trust gives you a way to shelter your assets, keeping them from taxes, creditors and even fraud. Though every trust has a trustee to manage...