Illinois business owners who do not have an estate plan should consider some of the benefits that an estate plan can afford their businesses and their loved ones. One component of an estate plan is a succession plan, which outlines how a business is going to be run or...
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The implications of divorce for older couples in Illinois
Divorce is often a difficult process, but there are additional considerations for older adults. They may already be retired or close to retirement, and this can mean they might be less able to recover financially from divorce since there are fewer or no working years...
Minding social media in a divorce
People going who are contemplating or going through a divorce in Illinois need to be conscious of their social media pages and what they present to the public. If the general public is able to see something, a person should assume that their spouse or their divorce...
When does child support end?
It should come as no surprise to Illinois residents that raising a child is expensive. Even if one’s schooling is free, textbooks, childcare, medical visits, school trips and extracurricular activities create added expenses that the parents must pay for out-of-pocket....
Tailoring a parenting plan
Illinois courts allow parents to tailor their parenting plans to meet their needs. When parents reach a custody and parenting time agreement, they can include details that apply to their particular situation. While it might seem easiest to use a standard parenting...
What may happen to a business in a divorce
Business owners in Illinois who run the company with a spouse and who are getting a divorce will have to decide what to do with the company. In many cases, couples prefer for one person to buy out the other, but this is only possible if the purchaser has enough...
Paying close attention when giving a power of attorney
An Illinois power of attorney basically means that a person is trusting another with financial decisions to the fullest extent. If the person with that power has not been fully vetted or is not closely monitored, the consequences of this can be disastrous. This is the...
Understanding spousal maintenance after an Illinois divorce
A divorce is a complex legal process that ends the relationship between two individuals who were previously joined in marriage. The paths that couples take to divorce can look different for everyone, but the issues that distinct couples may confront as they separate...
Self-care in a divorce is critical
While some Illinois divorces can be settled amicably, other can get messy with the parties battling in court. Both types of divorces can take an emotional toll, but a contentious divorce poses a particular risk to emotional health. There are things to do to preserve...
Trusting your assets to care for those with special needs
With the average life span of an American with certain disabilities getting longer, the amount of overall care they require could also be on the rise. Taking care of family members in need can be an essential part of estate planning, and setting up the appropriate...