Severing personal and financial ties with your spouse requires a divorce to restore you to legal single status. Part of the process is dividing assets and debts in an equitable manner. What does this mean? Planning for a financial future as a single person means...
You can protect your assets when the need arises by creating a comprehensive estate plan. However, in Illinois, including specific documents is essential for an effective estate plan. This article emphasizes the importance of incorporating particular documents to...
Many individuals who have experienced a divorce describe the emotional toll as one of the biggest challenges. While you certainly care about the financial and childcare terms of your separation, it also helps to pay attention to your emotional health. A better...
More families opt to co-parent their children together, which is often of great benefit to the child. However, some parents cannot continue living within easy commuting distance of their co-parent or child. Whether due to job reasons, health, family issues, the...
Every state has different child custody laws that they use to assign parental responsibilities and rights, such as legal decision-making, financial support and visitation. In Illinois, visitation and custody are parental time. A parenting plan or a judge’s order...
You may think of estate planning as something you do when you become a senior citizen; however, taking stock of your estate at any age once you become a legal adult can help your family members make more informed decisions if you become too ill or otherwise...
When you divorce your Illinois spouse, it is going to impact your finances. A divorce has the capacity to impact everything from how much you have saved for retirement to how you file and pay taxes, so the more you are able to get ahead of things and understand these...
When going through divorce, it is important to understand what can impact how the divorce itself proceeds. Assets, for example, make up a big portion of the cause behind arguments throughout divorce. But in what way? Do high assets equal more arguments? The Business...
Getting a divorce in Illinois begins with a court filing that tells the judge the marriage is no longer working, and it ends when you and your spouse resolve certain aspects of the divorce process. While each divorce is unique, the issues that the court requires you...
Many people in Illinois draft wills so that they maintain a certain degree of control over what happens to their legacy when they die, but there are limits to what a will does. A trust is another type of estate planning document that offers a number of key benefits a...
